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

APRIL 6, 2019

Unfortunately still the position for most banks and hemp. Shortly after the 2018 Farm Bill passed, legalizing industrial hemp, we predicted that banking services for hemp businesses would be slow going. Although some of our hemp clients are banked (and even have crop insurance) many others are still underserved. Senators, Sen.

Banking

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

MAY 14, 2019

Banking , intellectual property , food and beverage (and cosmetics ), international trade , domestic trade , state laws , ag production contracts , etc., All told, the amount of private capital flowing into hemp and hemp-CBD is extraordinary. hemp and CBD companies operating as per the 2018 Farm Bill. That exchange takes U.S.

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

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. Senate Bill 45 would make this policy consistent for juvenile offenders. Click here to email your lawmakers in support of banking access. DE resident? IL resident? IA resident? IN resident?

Legislation

Veriheal

JANUARY 28, 2022

Researchers told the internet to temper its expectations after a CBD and COVID-19 study went viral, Amazon backed a GOP-led bill to federally legalize cannabis, and a mother-daughter pair sparked a debate about Girl Scouts selling outside of dispensaries. Despite Social Media Buzz, Researchers Say CBD COVID Cure Not Yet a Reality.

Dispensary

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

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

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. Senate Bill 45 would make this policy consistent for juvenile offenders. CA resident?

Legislation

Cannabis Law Report

AUGUST 20, 2019

America’s state legislators come together at ALEC to grapple with public policy issues that didn’t exist five or ten years ago. Legislators and attendees at this solutions-first meeting will consider 25 model policies on free enterprise and individual liberty in the states. Authorizing the Production and Sale of Hemp and CBD.

Policy

The Blunt Truth

JUNE 4, 2020

Meanwhile, PetSmart faces a lawsuit over pet CBD. The other ensures the state will not prohibit or discourage banks and credit unions from providing financial services to legitimate cannabis businesses. cbd for pets. As we reported earlier, PetSmart is now selling CBD oil for pets. Well, things have not been going well.

Pets

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

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?

Legislation

Cannabis Law Report

MAY 24, 2019

“Square is currently conducting an invite-only beta for some CBD products,” a spokesperson for the company has said in an email. …/… Square’s entry into the CBD space comes as federal legislation to allow broader access to financial services for marijuana businesses is gaining momentum in Congress. Forbes Reports.

CBD

Sensi Seeds

NOVEMBER 28, 2018

Is CBD Legal in Spain? Spain’s cannabis market is a diverse mix of Spanish and foreign-owned companies selling everything from seeds, fertilizer and grow lamps to hemp-infused beers and CBD tinctures, oils, and creams. In August 2018, reports of shops being raided and CBD product confiscated began to circulate on Twitter.

CBD

Canna Law Blog

JANUARY 11, 2020

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. First by the European Union, whose Common Agricultural Policy caps THC concentrations at 0.2 And for good reason: the recreational market is expanding. Hemp is legal.

THC

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. Senate Bill 45 would make this policy consistent for juvenile offenders. House Bill 324 seeks to establish a regulatory framework to permit the retail sale of medical CBD products to registered patients.

Legislation

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

Cannabis Law Report

JUNE 21, 2021

Here’s their letter to the Chair and Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee. The inability of these state-legal entities to bank their significant cash reserves is an issue of public safety. The bill also provides protections for hemp and hemp-derived CBD related businesses.

Banking

Cannabis Law Report

MAY 8, 2020

A group of cannabis advocacy and industry organizations sent a letter to Congress today urging lawmakers to include the Secure and Fair Enforcement (SAFE) Banking … Read More.

Banking

NORML

FEBRUARY 8, 2019

Senator Ron Wyden introduced legislation in the Senate — The Marijuana Revenue and Regulation Act — to permit states to establish their own marijuana regulatory policies free from federal interference. House Financial Services Committee is scheduled to hold a hearing on cannabis business banking issues next week.

Legislation

The Blunt Truth

JUNE 11, 2020

The organization sent a letter this week to the SBA asking them to reconsider their policy barring companies that have any dealings with cannabis firms from receiving money under the PPP. cbd for pets. The American Bar Association would like to change that, at least for those law firms that advise cannabis companies.

Pets

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

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. ” At a more local level, the decriminalization policy in Dayton, Ohio went into effect this week. GA resident?

Legislation

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

The Blunt Truth

DECEMBER 26, 2019

In February, we saw the first ever Congressional hearing on cannabis banking. On the federal level, however, the SAFE Banking Act was approved by the House Financial Services Committee (45-15). Which brings us to the merry, merry month of May, and the flood of comments on CBD products and how they should be regulated.

Banking

Cannabis Law Report

JULY 2, 2019

The world of marijuana banking has been rife with compliance risks for years. This allows the use of hemp fiber, which is generally used for rope, clothing, and other materials, as well as CBD oil. Bank Secrecy Act Compliance. July 1 2019. Article by Ann L. Rockswold , Linda A. Albrecht and Allison Groskreutz. Eide Bailly LLP.

Banking

NORML

FEBRUARY 1, 2019

At the state level, activists in Florida and Missouri gathered in their state capitals along side state and local NORML chapters to lobby state lawmakers in favor of sensible marijuana policy reform. Click here to email your lawmakers in support of banking access. John Fetterman, Lt. CA resident? Update : S. FL resident? IA resident?

Legislation

CannaMD

APRIL 15, 2020

The National Organization for the Reform of Marijuana Laws (NORML) has issued marijuana policy guidance for lawmakers during the coronavirus (COVID-19) crisis, along with a statement regarding the designation of medical cannabis facilities as “essential.” NORML: COVID-19 Memo to Lawmakers.

Policy

Cannabis Law Report

AUGUST 16, 2019

Times of CBD reports…… Senator Michael Bennet (D-CO), who is presently working to secure the Democratic nomination for president, issued a letter to the financial authorities, requesting information on banking services for hemp businesses. as well as across the country.

Banking

Cannabis Law Report

SEPTEMBER 12, 2021

Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup. Hood Remarks at the PBC Conference 2021: Payments, Banking, Compliance in the Cannabis Industry. He also said that he feels legalization at the federal level is an inevitability. Here’s his full presentation.

Banking

NORML

MAY 31, 2019

This week, the US Food and Drug Administration is taking in-person public testimony with regard to the “manufacturing, product quality, marketing, labeling, and sale” of CBD-infused retail products. Click here to email your lawmakers in support of banking access. The bill now heads to the governor’s desk. AL resident?

Legislation

Canna Law Blog

MARCH 22, 2019

All expressed concerns regarding testing procedures, interstate transportation of the crop, access to banking, and guidance from the Food and Drug Administration (“FDA”). Several state Departments of Agriculture, including Pennsylvania, Kentucky, and Wisconsin, expressed great concerns regarding testing and access to banking.

Hemp

Cannabis Law Report

JULY 15, 2021

DEA case, Bob Hoban’s advising of more than 30 countries on cannabis policy and crafting of CBD legal strategies, and the expansion of global offices in more than 10 countries. In July of 2021, the Hoban Law Group began a new chapter as it was acquired by the renowned, international law firm, Clark Hill.

Law

NORML

MAY 10, 2019

Senate Democratic Leader Chuck Schumer and House Democratic Caucus Chairman Hakeem Jeffries announced their intentions to introduce legislation known as the Marijuana Freedom and Opportunity Act, to remove marijuana from the Controlled Substances Act (CSA), thus ending the nearly century-long federal policy of criminalization and prohibition.

Legislation

Cannabis Law Report

APRIL 8, 2022

The Nation ’ s Hemp Advocacy Organization Coordinated A Full-Day Of Meetings On Capitol Hill To Advocate For FDA regulation Of CBD, SAFE Banking, And The Hemp Advancement Act . Republican Leader Mitch McConnell (R-KY) to strategize on efforts to ensure that the FDA provides a regulatory pathway for hemp products such as CBD.

Hemp