Project CBD

FEBRUARY 2, 2022

“If the hemp market is to grow and mature, we need to think beyond cannabinoids.”

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Banking Cannabinoids Hemp 257

Canna Law Blog

DECEMBER 5, 2019

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. As of the last few months, that has been changing.

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Banking Hemp Compliance Compliance 64

Cannabis Law Report

AUGUST 17, 2022

According to its sponsors and supporters, the Safe and Fair Enforcement (‘SAFE’) Banking Act would help address the challenges faced by small cannabis businesses that cannot currently access banking services or loans. Date Written: August 11, 2022. Clarify that cannabis criminal records are not an automatic red flag.

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Banking Access Research and Development Compliance 98

Canna Law Blog

JULY 7, 2020

Last week, the Financial Crimes Enforcement Network (FinCEN), issued new guidance (the “FinCEN Guidance”) for financial institutions working with hemp-related businesses. The FinCEN Guidance centers on due diligence requirements as related to the Bank Secrecy Act (BSA). ” No surprises there.

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Banking Hemp Compliance Compliance 54

Cannabis Law Report

JANUARY 21, 2021

The world of banking Cannabidiol (CBD) businesses is a chaotic one. Despite the legalization of hemp and hemp-derived products under… Read More. The post CBD Banking: Three Trends and Predictions for 2021 first appeared on Cannabis Law Report.

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Banking CBD Hemp Business 105

Cannabis Law Report

MARCH 8, 2022

consumers support all legal cannabis businesses — including hemp and CBD — having access to banking services. 65% support allowing cannabis businesses to access banking services (e.g. SOURCE US HEMP ROUNDTABLE. Of the 2,210 adults interviewed for the survey — . EMAIL ALERT. 8 MARCH 2022.

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Banking Hemp Business Access 52

Canna Law Blog

JANUARY 16, 2019

We have spilled a lot of ink on this blog related to the 2018 Farm Bill , which legalized hemp at the federal level. This blog post is going to cover financial institutions and hemp at about 10,000 feet. Going forward, hemp will be subject to stiff regulation at the state and federal levels. It’s huge news. Seems easy, right?

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Banking Hemp Environment Access 72

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. That has proven to be the case. For this reason, a bipartisan pair of U.S. Senators, Sen.

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Banking Hemp Access Business 77

Canna Law Blog

FEBRUARY 28, 2022

Guidance on banking and MRBs. Department of Justice on “Marijuana Related Financial Crimes” was rescinded in 2018 , the FinCen Memo has been the only game in town for federal banking guidance. But banks don’t really use that. These businesses are lower risk for banks than Tier I. Allow me to explain. That’s wrong.

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Banking Business Marijuana Hydroponic 98

Cannabis Law Report

DECEMBER 4, 2019

Despite the 2018 US Farm Bill clearly permitting financial transactions in the hemp industry, many banks and other financial institutions have been slow to participate, blaming their fear of the risk of federal regulatory crackdowns.

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Banking Hemp Advocacy Business 59

Cannabis Law Report

OCTOBER 20, 2021

On this episode of the Lancaster Farming Industrial Hemp Podcast, we talk to Ashley Hess from Jonestown Bank & Trust. She is a certified cannabis banking professional, and she gives good advice on how to navigate the tricky waters of cannabis banking. Listen to the podcast at.

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Banking Hemp Cannabis 52

Cannabis Law Report

FEBRUARY 26, 2021

THE PRICE – Free THE DATE – Thursday, March 18, 2021 THE RATING – THE BLURB – Hemp and CBD… Read More. The post Key Banking and Credit Card Processing Issues that All Hemp Businesses Must Get Right. first appeared on Cannabis Law Report.

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Banking Hemp Business CBD 59

Cannabis Law Report

JUNE 22, 2019

Will hemp taint your banking relationship? . Farmers across the country have started growing hemp under the 2014 farm bill while the regulations for the 2018 farm bill are sorted out by the USDA and state departments of agriculture. If you wish to re-publish this story please do so with following accreditation.

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Banking Hemp Business Agriculture 45

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.

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Banking Compliance Compliance Business 110

Cannabis Law Report

DECEMBER 12, 2019

United States: Bank On Hemp: Federal Banking Regulators Loosen The Reins. On December 3, 2019, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (“FDIC”), the Financial Crimes Enforcement Network… United States: Feds Issue Badly Needed Hemp And CBD Banking Guidance.

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Banking Hemp Law Collective 59

Cannabis Law Report

DECEMBER 14, 2021

monetary banking protocols in banking cannabis and hemp operations. “ The marijuana industry will soon be exploding in New Mexico , and it is important to have banking safeguards to mitigate illicit and criminal conduct. ALBUQUERQUE, N.M. , Dec.

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Banking Hemp Compliance Compliance 52

Cannabis Law Report

AUGUST 20, 2022

CRCC’s paper, published by the Ohio State University (OSU) Moritz College of Law, is titled “Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act.”. Require federal banking regulators to identify best practices to achieve racial equity in financial services. 21 Pages Posted: 12 Aug 2022.

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Banking Access Research and Development Policy 52

Greenspoon Marder Cannabis Law Group Blog

AUGUST 7, 2019

Larry Smart, professor in the Horticulture Section of the School of Integrative Plant Science at Cornell University, in a greenhouse examining industrial hemp. industrial hemp germplasm repository, or seed bank, was recently announced by New York State Senator Charles Schumer. Photo Credit: Justin Muir/Cornell University.

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Banking Hemp Research and Development Supply Chain 53

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

Last week, the National Credit Union Administration (NCUA) issued interim guidance stating that federally insured credit unions may provide certain financial services to legally operating hemp businesses. The need for cannabis businesses to have access to banking services continues to gain federal support.

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Banking Hemp Marijuana Events 40

Cannabis Law Report

DECEMBER 3, 2019

The number of banks in the United States willing to lend to hemp producers can be counted on one hand. Federal and state bank regulators announced Tuesday that they were scrapping a burdensome requirement that banks said kept them away from the hemp business. That is about to change. Read full article [link].

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Banking Hemp Business Legalization 69

Canna Law Blog

JUNE 24, 2020

Last week, the National Credit Union Administration (NCUA) issued new guidance (“Guidance”) for federally-chartered credit unions serving the hemp industry. Many people have heard of the Federal Deposit Insurance Corporation (FDIC), which provides deposit insurance to bank customers. NCUA is a sister agency. Know the Law.

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Hemp Banking Agriculture Digestion 95

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.

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Banking Business Media Access 59

Cannabis Law Report

JULY 30, 2020

As the hemp-related product industry continues to grow, institutional lenders now have clarifying guidance to consider as they conduct diligence regarding potential borrowers. Specifically, the … Read More.

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Hemp Banking Business 94

Canna Law Blog

MAY 26, 2019

Looks like marijuana banking is stuck, again. The banking associations from all 50 states and 1 U.S. territory sent a joint letter to leaders of the Senate Banking Committee on Monday, to urge advancement of bipartisan legislation that would protect financial institutions that service marijuana businesses.

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Banking Marijuana Safety Legislation 91

Cannabis Law Report

APRIL 21, 2021

Cannabis banking is complicated enough on the surface, between navigating the distinction between hemp and marijuana and the tension between… Read More.

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Banking THC Hemp Cannabis 64

Cannabis Law Report

JANUARY 10, 2023

The BBC A Scots firm which makes insulation out of hemp has secured a £2m investment to speed up its growth. The funding comes from the Scottish National Investment Bank (SNIB). It will allow upgrades and additional production equipment to be purchased for IndiNature’s mill at Jedburgh in the Scottish Borders.

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Hemp Banking 52

Cannabis Law Report

JULY 2, 2019

The world of marijuana banking has been rife with compliance risks for years. Legal Hemp Growing. The Farm Bill changes the classification of hemp to an agricultural product. 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.

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Banking Hemp Marijuana Compliance 40

Cannabis Law Report

FEBRUARY 5, 2020

The “Roadmap to Cannabis Banking & Financial Services”, aims to increase the number of financial service providers in Colorado who serve the state’s legal marijuana and industrial hemp industries. 1595, the Secure and Fair Enforcement Act of 2019 (SAFE Banking Act). Roadmap to cannabis banking_January 2020. “As

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Banking Safety Business Cannabis 69

Cannabis Law Report

AUGUST 9, 2021

Welcome to our weekly roundup of CBD and hemp-related legal and regulatory news: CBD. CBD brands: Altwell, Charlotte’s Web, Columbia Care, Healer, Lord Jones, Maven Hemp, MD Farma, Peels, Prospect Farms, Puraura Naturals from Enhanced Botanicals, Rae Wellness, Trokie and Verséa Wellness. CStore Decisions. Agri Pulse.

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Hemp CBD Legalization Edibles 105

Veriheal

OCTOBER 7, 2020

COVID-19 has affected the relationships being cultivated between cannabis businesses and banks. Banks love the green, they love businesses that grow and continue to bring in more green UNLESS that green has anything to do with a plant called cannabis. The Pandemic Plays a Bigger Part Between Banks and Cannabis Businesses.

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Banking Business Hemp Cannabis 52

The Joint Blog

DECEMBER 10, 2019

On Tuesday a coalition of federal agencies released a joint statement noting that financial institutions including banks and credit unions may work with individuals and businesses involved in the hemp industry. “This statement provides banks with background information on the legal status of hemp, the U.S.

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Banking Hemp Agriculture Business 34

Cannabis Law Report

APRIL 4, 2019

Hemp farmers and businesses should be treated just like any other agricultural businesses and not discriminated against,”. McConnell-Wyden Letter to FCA re Hemp Banking 4.2.2019. McConnell-Wyden Letter to OCC re Hemp Banking 4.2.2019. McConnell-Wyden Letter to FDIC re Hemp Banking 4.2.2019.

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Banking Hemp Agriculture Business 40

Cannabis Law Report

APRIL 1, 2022

We wanted the regulators to know that their policy will have disastrous consequences for Pennsylvania consumers, small businesses, and farmers (the vast majority of whom grow hemp for CBD and hemp extracts). Pennsylvania Hemp Supporters are encouraged to use our State Action Center to urge lawmakers to support SB 1167.

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Hemp Banking THC Policy 52

Cannabis Law Report

JUNE 8, 2021

Rod Discusses Legal Challenges Facing Hemp and CBD with The CBD Guide. Some of the biggest legal challenges that cannabis businesses face, such as the lack of access to banking, and merchant processing. Some of the biggest legal challenges that cannabis businesses face, such as the lack of access to banking, and merchant processing.

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Hemp CBD Legalization Banking 105

Cannabis Law Report

AUGUST 19, 2021

The Fiji Times reports… Works have already commenced by the Fijian Government in its study of growing industrial hemp as an alternative form of agricultural produce. Some countries of course are producing hemp for medicinal purposes, which actually has higher levels of THC.

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Hemp Agriculture THC Banking 105

Cannabis Law Report

JULY 23, 2020

Expanding on its hemp exchange, cryptocurrency and cooperative farming program, Swissx is offering microloans for land and equipment in the Golden State Malibu, CA, July … Read More.

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Programs Banking Hemp Cannabis 86

Greenspoon Marder Cannabis Law Group Blog

MARCH 28, 2019

The SAFE Banking Act is sponsored by Reps. and would allow banks and credit unions to work with growers, dispensaries and other marijuana-related businesses. The post Bank On It: One Step Closer to Cannabis Business Banking appeared first on Greenspoon Marder Cannabis Law. Ed Perlmutter (D-Colo.) and Denny Heck (D-Wash.)

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Banking Business Legislation History 40