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The Hemp Standard is 0.3% THC. That Should Be Changed.

Canna Law Blog

We are heading into the first decade of scaled commercial hemp production in the United States since the 1920s. Hemp is legal. The international market is taking form and access to banking services is expanding. But the USDA’s interim rules governing the production of hemp threaten significantly this economic juggernaut.

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US Hemp Roundtable’s Latest State Alert

Cannabis Law Report

We had a productive meeting with Governor Glenn Youngkin’s office about Virginia SB 591 —the restrictive THC limits bill we urged emergency action against. SB 1167 allows financial institutions and insurance companies to conduct business with “legitimate cannabis businesses,” including hemp-derived CBD businesses. Take Action.

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Frost Brown Todd: Take Heed: FDA & CDC Release Health Alerts About Delta-8 THC

Cannabis Law Report

The FDA and CDC each issued warning notices to the public regarding delta-8 THC products on September 14, 2021, many of which are marketed as hemp products (and include some non-obvious references to other novel cannabinoids that may have similar effects and marketing). Delta-8 THC has psychoactive and intoxicating effects.

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Thailand: Use, processing and sale of flowers and buds will also be legal, with THC content capped

Cannabis Law Report

The new Narcotics Code, which took effect on Thursday, no longer has cannabis and hemp on it. The only exception is cannabidiol (CBD) extracts with tetrahydrocannabinol (THC) of more than 0.2%, he added. of THC, can be made and used freely. The number is not unilaterally set by Thailand.

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NY: CPA & Business Advisory Service Launches Cannabis & Hemp Advisory Practice

Cannabis Law Report

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.

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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. Background. percent on a dry weight basis.”

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Hemp Stakeholders Share Their Thoughts with the USDA

Canna Law Blog

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.

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