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The Rise of Anti-Legalization Efforts

Veriheal

Since then, states in many diverse areas of the country have begun to enact their medical marijuana programs under the argument of state rights. the 2018 Farm Bill added another dimension by introducing a widespread gray market for products containing other cannabinoids like CBD, Delta-8, and THCA.

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Locked Out: SBA’s New Lending Policy Targets Hemp and Marijuana-Adjacent Businesses

Canna Law Blog

Small Business Administration (SBA) has quietly reintroduced a policy that effectively disqualifies most of them from critical federal loan programs. SBA policy timeline: A whiplash-inducing history The SBAs latest update to its 7(a) and 504 loan programs represents a return to the more restrictive, 2020 policy.

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Marijuana Banking Passes Critical Committee

NORML

In the first of what is anticipated to be multiple Congressional votes to address the federal prohibition and criminalization of marijuana, the House Financial Services Committee will today voted to advance The SAFE Banking Act, HR 1595 , 45-15. So I would urge all of my colleagues so support H.R.

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Marijuana Banking Bill Scheduled For Committee Markup

NORML

In the first in what are anticipated to be multiple Congressional hearings to address the federal prohibition and criminalization of marijuana, the House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. With 97.7% of the U.S. Thirty-three states, Washington, D.C.

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Federal Agencies Provide New Guidance for Hemp Banking

Canna Law Blog

The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

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Senators Wyden and McConnell Press for Hemp Industry Banking Services

Canna Law Blog

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.

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The Week in Weed: December 10, 2021

The Blunt Truth

It looks like marijuana banking will not be part of the NDAA. Lawmakers introduced a bill to require the FDA to regulate CBD. Federal assistance with state expungement programs might be on the table. marijuana banking. cbd regulation. CBD products are increasingly popular, but their legality is less clear-cut.

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