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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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.”. Cannabis Program Manager, City of Portland, Oregon; Chair, Cannabis Regulators of Color Coalition; and Adjunct Professor, LIM College.

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Cannabis Law Report

DECEMBER 14, 2021

monetary banking protocols in banking cannabis and hemp operations. This honor is part of a financial services certification program overseen by the Policy Center for Public Health & Safety (PH&S) in collaboration with state attorneys general. . ALBUQUERQUE, N.M. , Dec.

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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. PUBLISHER: CANNABIS LAW REPORT. THC when it is harvested and tested? .

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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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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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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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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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The Blunt Truth

SEPTEMBER 10, 2019

Citing growth in hemp-related commerce, the NCUA emphasized the need for credit unions to understand the gamut of regulation across jurisdictions in order to lend lawfully to hemp-related businesses. First , as of December 20, 2018, hemp is no longer designated as a federally controlled substance.

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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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Cannabis Law Report

APRIL 25, 2022

monetary banking protocols among cannabis and hemp operators as well as those who are meeting good manufacturing practices. monetary banking protocols among cannabis and hemp operators as well as those who are meeting good manufacturing practices. It also determines both outstanding U.S. Helping our world work better.

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Hemp Banking Safety Compliance 52

Cannabis Law Report

DECEMBER 14, 2019

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 Business Banking Agriculture 59

Greenspoon Marder Cannabis Law Group Blog

MARCH 14, 2019

On March 13, 2019, the United States Department of Agriculture (“USDA”) Specialty Crops Program held the first planned listening webinar to solicit public comment on the implementation of the 2018 Farm Bill as it pertains to hemp. The post USDA Hemp Webinar Summary appeared first on Greenspoon Marder Cannabis Law.

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Hemp Agriculture Programs Banking 64

Cannabis Law Report

MARCH 10, 2022

Ward and Smith’s Hemp and Cannabis Law attorneys recently attended the fifth annual Industrial Hemp Summit. Breaking from past tradition, this year’s Industrial Hemp Summit was held at the North Carolina Biotechnology Center in the Research Triangle Park. USDA’s Commitment to Hemp.

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Veriheal

JUNE 17, 2020

Since hemp was federally legalized under the 2018 Farm Bill, it is now considered an agricultural commodity like any other crop. The US Department of Agriculture (USDA) has even taken several steps to sync the market with its various programs and services. The USDA Should Treat Hemp Like Any Other Commodity.

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Canna Law Blog

MARCH 15, 2020

The Agriculture Improvement Act of 2018 ( 2018 Farm Bill ) legalized hemp by removing the crop and its derivatives from the definition of marijuana under the Controlled Substances Act (CSA) and by providing a detailed framework for the cultivation of hemp. Under the program, crops are limited to ten cuerdas (9.71 Mississippi.

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Canna Law Blog

AUGUST 23, 2019

Commercial marijuana activity remains a federal crime, and the Bank Secrecy Act (“BSA”) generally prohibits financial institutions from accepting marijuana-generated dollars. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

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Hemp Business Cultivation Banking 69

Cannabis Law Report

NOVEMBER 12, 2019

Responding to the USDA’s Interim Final Rule on Hemp. This past Halloween, the USDA released its Interim Final Rule on the Establishment of a Domestic Hemp Production Program. Hemp Roundtable is working with its organizational partners to develop recommendations with a unified industry voice. Some of it was quite scary.

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Hemp DEA Banking Programs 45

Cannabis Law Report

JANUARY 11, 2019

hemp farming has arrived. Hemp once served as the fabric of the American imagination. gentlemen farmers such as George Washington and Thomas Jefferson, hemp was one of the nation’s leading cash crops until a misguided prohibition emerged in the early 20th century. hemp farmers are protected. The moment for U.S.

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Cannabis Law Report

SEPTEMBER 10, 2019

Citing growth in hemp-related commerce, the NCUA emphasized the need for credit unions to understand the gamut of regulation across jurisdictions in order to lend lawfully to hemp-related businesses. First , as of December 20, 2018, hemp is no longer designated as a federally controlled substance.

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NORML

JUNE 14, 2019

Another hearing is scheduled for Thursday, where the Veterans Affairs Committee will discuss various bills that are pending regarding medical cannabis programs and veterans access. Click here to email your lawmakers in support of compassionate care programs. Click here to email your lawmakers in support of banking access.

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Legislation Banking Access Hemp 146

Cannabis Law Report

JANUARY 28, 2019

Vote Hemp Releases 2018 U.S. Hemp Crop Report Documenting Industrial Hemp Cultivation and State Legislation in the U.S. WASHINGTON, DC —Vote Hemp, the nation’s leading grassroots hemp advocacy organization, has released its 2018 U.S. Hemp Crop Report. Hemp Crop Report, please visit: [link].

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Hemp Cultivation Legislation Digestion 40

Cannabis Law Report

FEBRUARY 6, 2019

Hemp once served as the fabric of the American imagination. gentlemen farmers such as George Washington and Thomas Jefferson, hemp was one of the nation’s leading cash crops until a misguided prohibition emerged in the early 20th century. A renewed multi-billion-dollar American hemp industry has been unleashed.

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Hemp Programs Banking Agriculture 40

Cannabis Law Report

SEPTEMBER 12, 2022

Before 1937, industrial hemp was legal and used for clothing, paper, rope, and fuel. Hemp was grown by our forefathers—even required of early colonists. plant illegal, including hemp, a sturdy low THC variety. Hemp was briefly re-legalized in World War II to make canvas and other items requiring the strength hemp provides.

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The Blunt Truth

OCTOBER 29, 2019

Plus, the USDA just issued an interim rule for hemp production. USDA Issues Proposed Rule for Hemp Production. The 2018 Farm Bill, which federally legalized hemp (formerly a Schedule I drug like its close cousin, marijuana), opened the gates for mass hemp production—well, almost. those with THC levels above 0.3%).

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Cannabis Law Report

AUGUST 6, 2019

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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Cannabis Law Report

SEPTEMBER 28, 2019

The ABA reports on itself, “ The ABA ventured into a complex legal field last week with what organizers say was its first national conference on cannabis and hemp law.” While cannabis remains illegal under federal law, industrial hemp was legalized as part of the 2018 Farm Bill.

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The Blunt Truth

JULY 25, 2019

On Tuesday, the Senate Banking Committee had a hearing on cannabanking. What the SAFE Act would do for banking, the CLAIM act would do for insurance. In other federal news, hemp is a big topic of discussion, specifically the eagerly anticipated rules on hemp and CBD from the Food and Drug Administration.

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Cannabis Law Report

NOVEMBER 18, 2021

Sahar Ayinehsazian is based in VS’s Los Angeles office, where she focuses her practice on cannabis banking, corporate transactions, and regulatory compliance. He has developed community outreach programs, created impact plans, and negotiated host community agreements with over 60 cities and towns across Massachusetts.

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SpeedWeed

APRIL 2, 2021

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

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Canna Law Blog

OCTOBER 9, 2020

On September 17, I , along with my colleagues, Griffen Thorne and Vince Sliwoski , held a webinar entitled “Hemp CBD Q&A,” a recording of which is available on our blog. Does any state have a model law(s) governing the licensing of in-state hemp processors? However, there is no uniform licensing program across state lines.

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Hemp CBD Research and Development THC 53

Canna Law Blog

JUNE 22, 2023

Certain countries, including Canada, have gone further and introduced full-fledged federal regulatory programs. In the last few decades, U.S. states have began to relax or repeal local cannabis prohibitions in spite of federal and international prohibitions.

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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). In the world of hemp, marijuana’s straight-arrow cousin, the Department of Agriculture released guidelines for importing hemp seeds.

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Banking Hemp Agriculture Seed-To-Sale 71

Cannabis Law Report

JULY 8, 2021

Department of Energy’s National Renewable Energy Laboratory (NREL), today announced that it has selected five new startups to participate in the program. Louis, Missouri, a program partner and the world’s largest independent plant science research institute. Since joining the IN 2 program, portfolio companies have raised $1.1

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The Blunt Truth

DECEMBER 19, 2019

The big news on Capitol Hill this week was the Senate’s lack of action on the banking bill. Senator Mike Crapo (R-Idaho), the chairman of the Senate banking committee, opposes legalization and seemed disinclined to move on the issue. Protections for recreational programs were not.

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The Blunt Truth

DECEMBER 5, 2019

And in Wisconsin , Governor Tony Evers signed legislation making the state’s pilot hemp program permanent. In banking news, the Federal Reserve released guidance this week allowing banks to work with the hemp industry. Some farmers are abandoning trees for hemp, causing shortages in the market.

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The Blunt Truth

JUNE 13, 2022

The US Court of Appeals for the Ninth Circuit affirmed a lower court ruling holding that delta-8 THC is a legal hemp product under the 2018 Farm Bill and not marijuana or a synthetic cannabinoid. The New York Cannabis Control Board approved the filing of new regulations for the state medical marijuana program. May 19, 2022.

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