Cannabis Law Report

JUNE 8, 2021

Rod Discusses Legal Challenges Facing Hemp and CBD with The CBD Guide. I was recently interviewed by Scott Hawksworth, founder of The CBD Guide podcast. We discussed a number of topics, including: My first-hand experience with CBD and my path to representing businesses in the cannabis industry. June 8, 2021.

Hemp

Cannabis Law Report

AUGUST 9, 2021

Welcome to our weekly roundup of CBD and hemp-related legal and regulatory news: CBD. Radicle Science study will evaluate effectiveness of various CBD products. Radicle Science, a healthtech B-corp that validates natural products, launched the Radicle ACES (Advancing CBD Education and Science) study.

Hemp

Canna Law Blog

SEPTEMBER 26, 2019

Back in March, former Food and Drug Administration (“FDA”) Commission, Scott Gottlieb, explained it would take several years for the agency to come up with rules that would legalize the use of hemp-derived cannabidiol (Hemp-CBD) in food products, unless Congress stepped in.

Hemp

Canna Law Blog

MAY 14, 2019

Banking , intellectual property , food and beverage (and cosmetics ), international trade , domestic trade , state laws , ag production contracts , etc., When it comes to industrial hemp, the 2018 Farm Bill upended all of these things. All told, the amount of private capital flowing into hemp and hemp-CBD is extraordinary.

Hemp

NORML

APRIL 5, 2019

Governor Janet Mills (D) of Maine signed legislation into law to allow the production and retail sale of hemp-derived CBD products. Governors Doug Burgum (R) of North Dakota and Henry McMaster (R) of South Carolina signed industrial hemp production legislation into law. Legislation is pending, H. Update : H. FL resident?

Legislation

Canna Law Blog

JANUARY 11, 2020

We are heading into the first decade of scaled commercial hemp production in the United States since the 1920s. Hemp is legal. CBD and other cannabinoids are fast becoming (if not already) household names. The international market is taking form and access to banking services is expanding. Public support is increasing.

THC

Canna Law Blog

AUGUST 23, 2019

Commercial marijuana activity remains a federal crime, and the Bank Secrecy Act (“BSA”) generally prohibits financial institutions from accepting marijuana-generated dollars. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

Hemp

Cannabis Law Report

JULY 1, 2021

Cannabis banking options are still quite limited for marijuana entrepreneurs, despite 36 states legalizing medical marijuana and 17 states permitting recreational adult use, according to the National Conference of State Legislatures. Are there cannabis-friendly banks? Compare 5 cannabis-friendly banks and credit unions.

Banking

Canna Law Blog

MARCH 22, 2019

Department of Agriculture (“USDA”) held a public meeting during which hemp stakeholders shared their opinion on the promulgation of rules to regulate the crop. Specifically, the federal agency is to review and approve “plans” submitted by states and Indian tribes that choose to hold primary regulatory authority over hemp.

Hemp

NORML

JUNE 14, 2019

Governor Kay Ivey (R) of Alabama signed legislation into law to create a commission to study medical CBD. Update : SB 51 is scheduled for a hearing in the Assembly Banking And Finance Committee on 6/24/19. Click here to email your lawmakers in support of banking access. CA resident? NH resident? North Carolina. Update : S.

Legislation

Cannabis Law Report

JUNE 25, 2021

Cannabidiol (CBD) products derived from industrial hemp exist in a unique market here in the U.S. Thanks to the passage of the 2018 Farm Bill , CBD products that meet certain federal criteria are no longer part of the U.S. What do banks typically require of a CBD business and its website? And while the 0.3%

Banking

NORML

MARCH 29, 2019

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. It now awaits consideration by the U.S.

Legislation

Cannabis Law Report

FEBRUARY 26, 2021

THE PRICE – Free THE DATE – Thursday, March 18, 2021 THE RATING – THE BLURB – Hemp and CBD… Read More. The post Key Banking and Credit Card Processing Issues that All Hemp Businesses Must Get Right. first appeared on Cannabis Law Report.

Banking

The Blunt Truth

MARCH 12, 2020

The big news this week was the FDA’s report to Congress on CBD. As for banking, banking associations around the country sent a letter to Sen. Sherrod Brown (D-OH), asking that the Senate Banking Committee vote on a cannabis banking bill. It’s unlikely that the state will legalize hemp this year.

Banking

NORML

MARCH 8, 2019

This week, a bipartisan coalition of more than 100 co-sponsors has reintroduced legislation in Congress, The Secure and Fair Enforcement Banking Act (SAFE Banking Act), HR 1595, to allow state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions. AR resident?

Legislation

Greenspoon Marder Cannabis Law Group Blog

AUGUST 7, 2019

Larry Smart, professor in the Horticulture Section of the School of Integrative Plant Science at Cornell University, in a greenhouse examining industrial hemp. industrial hemp germplasm repository, or seed bank, was recently announced by New York State Senator Charles Schumer. Photo Credit: Justin Muir/Cornell University.

Banking

NORML

JUNE 23, 2019

Governor John Bel Edwards (D) of Louisiana signed legislation into law to deschedule hemp and hemp-derived CBD from the state’s list of controlled substances. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of industrial hemp production.

Legislation

Cannabis Law Report

AUGUST 29, 2019

A wholesale CBD oil company, called Folium Biosciences, is being accused of siphoning off cash to its founder Kashif Shan and another top executive in a lawsuit filed this week in Colorado state court. It is a business-to-business, bulk and wholesale supplier of hemp-derived CBD 0.0% By Teri Buhl. Kashif Shan.

CBD

The Blunt Truth

MAY 21, 2020

Senator Mitch McConnell (R-KY) criticized the cannabis banking provisions in the latest stimulus bill, while state Attorneys General wrote a letter supporting them. And finally, you can now buy hemp at Petsmart. cannabis banking. Arizona and Nebraska legalization efforts are hit by the pandemic. massachusetts. and finally.

Banking

NORML

MAY 24, 2019

Update : A substitute version of SB 236 that would create a commission to study the use of medical CBD is scheduled for a hearing and vote in the House Committee on Health on 5/28/19. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of regulating hemp and CBD.

Legislation

Cannabis Law Report

DECEMBER 4, 2019

Despite the 2018 US Farm Bill clearly permitting financial transactions in the hemp industry, many banks and other financial institutions have been slow to participate, blaming their fear of the risk of federal regulatory crackdowns.

Banking

Miss Marijuana

JULY 23, 2020

CBD products have become all the rage over the last several years. CBD products provide benefits that aid in mental and physical wellness. RELATED: THC & CBD-Infused Grill Recipes To Try This Summer. CBD products for day and night: NIGHT Capsules by FOCL . Vanilla CBD Oil by Purekana. By: Autumn Palmer.

CBD

Cannabis Law Report

MARCH 8, 2022

consumers support all legal cannabis businesses — including hemp and CBD — having access to banking services. 65% support allowing cannabis businesses to access banking services (e.g. SOURCE US HEMP ROUNDTABLE. Of the 2,210 adults interviewed for the survey — . EMAIL ALERT. 8 MARCH 2022.

Banking

NORML

MARCH 22, 2019

House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. House Bill 324 seeks to establish a regulatory framework to permit the retail sale of medical CBD products to registered patients. Click here to email your lawmakers in support of medical CBD expansion.

Legislation

Cannabis Law Report

DECEMBER 12, 2019

United States: Bank On Hemp: Federal Banking Regulators Loosen The Reins. On December 3, 2019, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (“FDIC”), the Financial Crimes Enforcement Network… United States: Feds Issue Badly Needed Hemp And CBD Banking Guidance.

Banking

The Blunt Truth

SEPTEMBER 10, 2019

Citing growth in hemp-related commerce, the NCUA emphasized the need for credit unions to understand the gamut of regulation across jurisdictions in order to lend lawfully to hemp-related businesses. First , as of December 20, 2018, hemp is no longer designated as a federally controlled substance.

Hemp

NORML

FEBRUARY 15, 2019

The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses. House Bill 324 seeks to expand and facilitate patients’ access to medical cannabidiol (CBD) products. GA resident?

Legislation

Cannabis Law Report

FEBRUARY 9, 2022

Well worth a read if you want to catch up on the state of British banking for cannabis / hemp products… it’s not good! Banks, insurance companies and payment providers are refusing to work with cannabis-related companies throughout the UK, hampering the growth of the industry and leaving many in financial limbo.

Banking

NORML

APRIL 20, 2019

Governor Laura Kelly (D) of Kansas signed industrial hemp production legislation into law. Click here to email your lawmakers in support of banking access. Legislation is pending, Senate Bill 19-220, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations.

Legislation

Canna Law Blog

DECEMBER 27, 2019

Front and center in these discussions are: 1) the importance of due diligence prior to entering a new business relationship and 2) the importance of a fulsome contract written by at attorney knowledgeable in the hemp industry that accounts for the likelihood that things may not go as planned. Hettervig v. Morell et al. million in damages.

Hemp

Cannabis Law Report

MARCH 13, 2019

Here’s their press release in full…… DeJoy, Knauf & Blood LLP Launches Cannabis and Hemp Advisory Practice. The new practice leverages the firm’s in-depth cannabis and hemp industry knowledge and expertise of the tax implications, regulatory environment, as well as critical operating and financial procedures.

Hemp

The Blunt Truth

DECEMBER 30, 2021

On the federal level, the USDA issued its final rule on hemp. Which brings us to March , when that federal hemp rule took effect. It also brought us a decision from the FDA that CBD is not a dietary supplement. Cory Booker (D-NJ) announced his opposition to the SAFE Banking Act. Note: these results are not typical.

Banking

The Blunt Truth

JANUARY 28, 2021

On the federal level, the USDA’s hemp rule may face a freeze. Meanwhile, the FDA withdrew its CBD guidance. As we reported last week , the USDA issued its final hemp rule. Although there is no official “freeze” on the hemp rules, they meet the standard for reopening the comment period. fda & cbd.

Banking

Otherside Farms

FEBRUARY 14, 2019

Since the CBD is on everyone’s lips (at least of almost everyone in the US) let’s review what is the CBD? We are on the verge of a CBD explosion. It is estimated that the US market for CBD products will have a value of $ 2.1 It is estimated that the US market for CBD products will have a value of $ 2.1

CBD

The Blunt Truth

JULY 30, 2019

Industry expert panels discussed market trends, private equity, venture capital, family offices, and banking, as well as commercial real estate, which I had the opportunity to moderate. Banking – here, too, experts caution that there won’t be advancements until the feds legalize.

Banking

Cannabis Law Report

FEBRUARY 26, 2020

cannabis company Australis called off its reverse merger with Colorado-based CBD wholesale company, Folium Biosciences, this month stating their due diligence found new information that made them want to back-out of the deal. The video highlights a new CBD facility they spent millions on building in a poor part of Colorado called Pueblo West.

CBD

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

Last week, the National Credit Union Administration (NCUA) issued interim guidance stating that federally insured credit unions may provide certain financial services to legally operating hemp businesses. The need for cannabis businesses to have access to banking services continues to gain federal support.

Banking