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Press Release: LegitScript Announces New CBD e-Commerce Certification Program to Ensure Accountability, Regulatory Compliance

Cannabis Law Report

LegitScript, the global leader in merchant and product certification and monitoring in the e-commerce and payment sectors, has launched a new certification program for legally compliant CBD products and websites. LegitScript’s CEO, John Horton, said the program will bring transparency and structure to the CBD industry.

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Will hemp taint your banking relationship?  

Cannabis Law Report

Will hemp taint your banking relationship? . Many have setup legal entities and registered under their states’ regulatory programs as permitted growers but have hit a hurdle that most new businesses hop right over: opening a bank account. . THC when it is harvested and tested? . PUBLISHER: CANNABIS LAW REPORT.

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Pennsylvania Issues THC Hemp Testing Guidance

Cannabis Law Report

In a July 24, 2019 dated guidance, Pennsylvania’s Department of Agriculture (“DOA”) announced it will be randomly collecting and testing hemp variety samples from 25% of licensed hemp growers for tetrahydrocannabinol (“THC”) content. Results that are returned with a THC% of less than 0.3%

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Federal agencies clarify SAR filing requirements for financial services provided to hemp-related businesses

Cannabis Law Report

On December 3, 2019, four federal agencies, in consultation with state banking regulators, clarified the legal status of hemp growth and production under the Bank Secrecy Act (BSA) for banks 1 providing financial services to hemp-related businesses. JD Supra Release. percent on a dry weight basis.” The Joint Statement.

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Article: General Counsel’s Corner: Cannabis and the Campus

Cannabis Law Report

Bush’s national drug control strategy, Congress passed legislation to require schools, colleges and universities to implement and enforce drug and alcohol prevention programs and policies as a condition of eligibility to receive federal funds and assistance. There also exist certain requirements to demonstrate compliance with the Regulations.

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Top Cannabis FinTech Companies in Web3

Canna Law Blog

The earliest cannabis Web3 cryptocurrency companies date to 2014, and many are still in existence: PotCoin (POT), CannabisCoin (CANN), HempCoin (THC), and DopeCoin (DOPE). Cryptocurrency transactions are on a public ledger system, which would allow regulators to easily audit companies and individuals for tax compliance.

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Weekly Legislative Roundup 3/8/19

NORML

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. Update : H.333