The Blunt Truth

SEPTEMBER 3, 2020

Assembly Bill 1525 allows cannabis banking under California state law. In other news, a federal court ruled that the state must turn over information concerning three marijuana businesses to the DEA. The DEA said it was necessary for an investigation into the illegal import and transport of marijuana oil from Mexico.

DEA 98

DEA Banking CBD Edibles 98

Medicinal Genomics

NOVEMBER 5, 2019

Another potential headache for farmers is that analytical laboratories must be registered with the DEA in order to perform compliance testing. No existing cannabis labs are registered with the DEA because they handle a schedule 1 substance, which violates federal law. and seize all the testing samples. THC threshold.

THC 81

THC Hemp DEA Banking 81

Canna Law Blog

JULY 17, 2020

A: OK, after your get the IRB approval letter, you need permission from the Drug Enforcement Agency (DEA)– Q: Hold on. But it’s set up so that DEA works with FDA and its parent, the Department of Health and Human Services (HHS), to schedule and control all of these substances. How do I get DEA permission?

DEA 85

DEA Research and Development Therapy Banking 85

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. With the anticipated passage of the SAFE Banking Act followed by the potential federal legalization of cannabis, the industry is moving at lightning speed.

Law 100

Law DEA Banking Policy 100

The Blunt Truth

MARCH 5, 2020

The Department of Agriculture delayed a requirement that the DEA conduct all THC testing on hemp crops. He pleaded guilt y to ingesting marijuana and cocaine. FEDERAL NEWS. So what’s happening on the federal level? The requirement will take effect on October 21, 2021 or upon publication of a final rule, whichever comes first.

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Banking DEA THC Hemp 99

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). On to July, when the Senate Banking Committee had a hearing on cannabanking. The Senate failed to take action on the banking bill.

Banking 71

Banking Hemp Agriculture Seed-To-Sale 71

The Blunt Truth

AUGUST 1, 2019

In other federal news, the DEA has, yet again, not approved new suppliers of marijuana for research. Meanwhile, the state of Arizona is experimenting with a new procedure to get around the lack of banking services for marijuana companies. There will have to be a bit more awaiting, it seems.

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DEA Banking Dispensary Edibles 77

Cannabis Law Report

MARCH 18, 2022

Food and Drug Administration (FDA) guidance on clinical trials, Drug Enforcement Agency (DEA) licensing, material transfer agreements and cooperative research and development agreements (CRDA).

Therapy 52

Therapy Research and Development Clinical Trials Environment 52

Cannabis Law Report

JANUARY 16, 2020

Weisheit doubts that marijuana will be legalized at the federal level any time soon due to the Drug Enforcement Agency’s (DEA) position on the matter. . The DEA doesn’t even recognize medical marijuana,” Weisheit said. Due to marijuana’s status as a federal crime, banks cannot be involved with the business.

Law 59

Law Legalization DEA Marijuana 59

Cannabis Law Report

MAY 5, 2022

Fahie and the mother and son Maynard duo are accused of agreeing to facilitate the safe passage through BVI ports of tons of Colombian cocaine headed to Miami, in exchange for millions which would be funneled through different businesses and bank accounts to hide the money’s source.

DEA 52

DEA Banking Collective Business 52

The Blunt Truth

JUNE 6, 2019

The latest piece of cannabis banking (cannabanking?) news is that protections for banks serving the legal marijuana industry have made their way into a Congressional spending bill. There was no shortage of speakers, from all walks of life, and those in favor of regulating the industry stressed the need for quick action.

Banking 40

Banking DEA Food History 40

Cannabis Law Report

NOVEMBER 12, 2019

Miller identifies the Rule’s highlights: It signals to banks and credit card companies that the hemp and CBD industry are legal and open for business. Its repeated shoutouts to the DEA raises concern of inappropriate enforcement actions.

Hemp 45

Hemp DEA Banking Programs 45

Cannabis Law Report

NOVEMBER 3, 2021

Ruis directed Turner, who had no criminal record, to open bank accounts and register businesses in her name to avoid detection by law enforcement or by financial institutions. Attorney for the Eastern District of Virginia; Jarod Forget, Special Agent in Charge for the Drug Enforcement Administration’s (DEA) Washington Division; Daniel A.

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Cannabinoids Packaging DEA Law 98

Cannabis Law Report

SEPTEMBER 20, 2019

They write… In this week’s edition: Plans to vote on cannabis banking legislation announced in both chambers of Congress, with predictions that House will pass the SAFE Act by the end of October. DEA increases the cannabis research quota. Idaho is the home state of Senate Banking Committee Chairman Mike Crapo.

Vaping 40

Vaping Banking Research and Development DEA 40

Canna Law Blog

NOVEMBER 20, 2020

The hemp industry has definitely had its fair share of hurdles since legalization – there is uncertainty surrounding the regulatory framework, litigation against DEA , ongoing access challenges to bank and other financial services, and of course, the ripple effects of the pandemic.

Hemp 55

Hemp Business DEA Banking 55

Otherside Farms

AUGUST 4, 2020

Due to cannabis businesses being considered high risk, banks will often not loan money. Credit Card Processing and Banking. The age of cannabis dispensaries has made it difficult for dispensaries to find trustworthy banking and credit card processing. You may already have the funding or you can seek a business loan.

Business 52

Business Banking Dispensary Research and Development 52

Cannabis Law Report

JUNE 11, 2021

The most aggressive CPOM state we’ve seen so far is probably New York where recent court cases have really narrowed what an MSO can do when it comes to a PC (including a prohibition on holding or having access to any bank accounts on behalf of the PC).

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Law Compliance Compliance DEA 104

Cannabis Law Report

JULY 2, 2019

Starting today, US manufacturers and merchants can apply through LegitScript to certify CBD products and websites that are in compliance with USDA, FDA, FTC, and DEA regulations, as well as state-specific laws.

Compliance 40

Compliance Compliance Programs CBD 40

SMPL

AUGUST 14, 2019

ABA listed various problems that these businesses face under the current regulatory framework: a lack of access to banking services, “unusually high federal taxes,” no federal protection for their trademarks and an increased number of private lawsuits. “No One area that could be quickly improved is in the sourcing of research-grade marijuana.

Policy 40

Policy Research and Development Marijuana DEA 40

Canna Law Blog

AUGUST 31, 2023

This all looks pretty good right now, but the Drug Enforcement Administration (DEA) and ultimately the Attorney General (AG) have final say on whether to schedule or reschedule marijuana following the HHS recommendation. In any case, the DEA Administrator reports to the AG (through the Deputy AG). The AG could then reschedule.

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DEA Marijuana Banking Research and Development 116

Cannabis Law Report

SEPTEMBER 23, 2021

With increased state and federal attention on these products, there is also an increased risk to industry participants beyond that of criminal liability, such as FDA/FTC enforcement, banking and insurance obstacles, and civil liability claims. We recently discussed some of these on our Hemp Legally Speaking podcast episodes.

THC 52

THC Concentrates Pets DEA 52

Canna Law Blog

MAY 1, 2024

I take issue with some of the headlines , so here’s mine: “DEA Reportedly Agrees to Initiate Proposed Rulemaking to Reschedule Marijuana…”. I mentioned above that DEA “reportedly” has agreed to follow the HHS proposal. The very next step will be for DEA to confirm that reporting. What’s the next step? Someone is likely to sue.

DEA 81

DEA Marijuana Business Banking 81

Cannabis Law Report

MAY 28, 2022

Congress should either legalize cannabis or stop deputizing banks as drug enforcement investigators. Although 18 states have fully legalized, cannabis is still a sticky issue for banks and other financial institutions because it remains illegal at the federal level. The State of Banking. That can prove costly.

Banking 52

Banking State Laws Law DEA 52

Cannabis Law Report

OCTOBER 20, 2021

Bank of America (BoA) is reportedly terminating its banking relationship with Scottsdale Research Institute (SRI), a DEA-registered facility that carries out important marijuana research. So, given the history and credibility of the Institute, why did BoA terminate the 10-year banking relationship with SRI?

Banking 52

Banking Clinical Trials DEA History 52

Cannabis Law Report

JANUARY 11, 2019

Accordingly, the Drug Enforcement Administration (DEA) no longer has any claim to interfere with the interstate commerce of hemp products, so as long as the THC level is at or below 0.3%. While the DEA is now officially out of the hemp regulation business, the U.S. The FDA’s position on CBD is unsettled and unsupported by law.

Hemp 49

Hemp CBD Law Seed-To-Sale 49

Canna Law Blog

NOVEMBER 3, 2023

They would get similar access to banking, SBA loans, and federal tax treatment, for starters. In short, state-legal marijuana businesses would be treated more like other businesses, outside of the frustrating prohibition on marijuana crossing state lines.

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Topical DEA Cannabis State Laws 112

Cannabis Law Report

MAY 17, 2019

Seq (1970) and Drug Enforcement Administration’s (“DEA”) clutches, 2019 hemp production and sales exploded. A wildly popular nutritional supplement and food additive, oil based hemp derived products like CBD racked up $1.1 Farm Bill’s Impact and Rise of the FDA. Beyond removing plant cannabis sativa L. Budgeted at $6.1

Food 10

Food DEA Hemp CBD 10

The Blunt Truth

OCTOBER 22, 2019

1595 – The Secure And Fair Enforcement Banking Act, which passed in the House , would prohibit federal banking regulators from penalizing banks that finance legitimate marijuana-related businesses, while its counterpart in the Senate, S. 1200 , The SAFE Banking Act, awaits a vote. 4390 and S.

DEA 51

DEA Banking Agriculture Law 51

Cannabis Law Report

OCTOBER 22, 2019

1595 – The Secure And Fair Enforcement Banking Act, which passed in the House , would prohibit federal banking regulators from penalizing banks that finance legitimate marijuana-related businesses, while its counterpart in the Senate, S. 1200 , The SAFE Banking Act, awaits a vote. 4390 and S.

DEA 40

DEA Banking Agriculture Supply Chain 40

Canna Law Blog

OCTOBER 10, 2022

Then of course there is the DEA, which continues to maintain that marijuana is among the most dangerous substances known to humankind. (It It is almost as if the DEA has a vested interest in keeping marijuana illegal.) This kind of institutional inertia cuts against federal marijuana reform happening any time soon.

Marijuana 78

Marijuana DEA Decriminalization Legislation 78

Cannabis Law Report

SEPTEMBER 1, 2021

3] Further, notwithstanding the determination of the Drug Enforcement Administration (DEA), which is required to defer to the Department of Health and Human Services’ assessment that cannabis has no acceptable medical utility, 37 states and four territories have enacted laws allowing for the medical use of cannabis products. [4]

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Policy Cannabis Treatment Law 100

SpeedWeed

MARCH 7, 2021

Because back then, at the start, banking was a big issue and it was a whole cash only thing, and our finance people were like, how are we going to handle this?And And now the DEA just recently poked their head into that too, so I think there’s a lot of question marks for both cultivators and processors with respect to hemp.

Extraction 52

Extraction Data Hemp Research and Development 52

Cannabis Law Report

DECEMBER 1, 2019

1595 [the Secure And Fair Enforcement (SAFE) Banking Act of 2019] was introduced to increase public safety by expanding financial services to marijuana-related legitimate businesses and service providers and reducing the amount of cash at such businesses. The taxpayers in Feinberg v. Comm’r (T.C.

Marijuana 59

Marijuana Business State Laws DEA 59

Veriheal

FEBRUARY 21, 2022

Empyreal operates in 28 states, acting as a cash courier for cannabis businesses and their banks. It specifically argues that the FBI and the DEA violated federal law prohibiting the states from spending government money to interfere with legal, medical cannabis businesses in states where medical cannabis dispensaries are legal.

Dispensary 113

Dispensary Business Legalization DEA 113

Cannabis Law Report

APRIL 24, 2019

The STATES Act passes in Congress, the President signs it and it becomes law which means that in the states where cannabis is legal : Banking system becomes available to cannabis businesses. The second path would be the administrative action by the Drug Enforcement Agency [“DEA”] and its Diversion Control Division.

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Legalization Collective DEA Banking 58

SpeedWeed

JULY 17, 2021

Legal weed businesses would be able to open bank accounts, access loans, or list on the US stock market. If passed, the bill would transfer most of the regulatory authority over cannabis from the Drug Enforcement Administration (DEA) to the Food and Drug Administration (FDA).

Legalization 52

Legalization Collective Hash Legislation 52

Sensi Seeds

NOVEMBER 28, 2018

All of these companies, the seeds banks, cultivators, manufacturers, grow shops, distributors, and online vendors operate in a grey market that permits them to sell their products as long as they follow some rules. As a result, GW’s latest CBD product, EPIDIOLEX ® was entered into the Spanish pharmacopeia over the summer.

CBD 71

CBD Seed-To-Sale Food Research and Development 71