Canna Law Blog

SEPTEMBER 26, 2019

Back in March, former Food and Drug Administration (“FDA”) Commission, Scott Gottlieb, explained it would take several years for the agency to come up with rules that would legalize the use of hemp-derived cannabidiol (Hemp-CBD) in food products, unless Congress stepped in.

Hemp 86

Hemp Law CBD Banking 86

Cannabis Law Report

SEPTEMBER 25, 2019

House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act 321-103. Neal Levine of the Cannabis Trade Federation states … The bipartisan SAFE Banking Act ( H.R.1595 It aims to address the state-legal cannabis industry’s lack of access to banking and other financial services.

Banking 55

Banking Safety Compliance Compliance 55

The Blunt Truth

MAY 21, 2020

Senator Mitch McConnell (R-KY) criticized the cannabis banking provisions in the latest stimulus bill, while state Attorneys General wrote a letter supporting them. And finally, you can now buy hemp at Petsmart. cannabis banking. Supporters of medical cannabis in Nebraska are also dealing with safety concerns.

Banking 115

Banking Collective Recreational Hemp 115

SpeedWeed

FEBRUARY 15, 2019

Six years after introducing the Secure and Fair Enforcement (SAFE) Banking Act, a cannabis banking reform measure, co-author Denny Heck finally saw it enjoy its first committee hearing in Congress on Wednesday. Here’s How Cannabis Companies Are Banking Legally on the Down Low. “We are all late,” Rep. .

Banking 53

Banking Dispensary Safety Seed-To-Sale 53

Greenspoon Marder Cannabis Law Group Blog

JULY 26, 2019

On Tuesday July 23, 2019, the United States Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing to discuss national safety implications relating to federal regulations that force cannabis businesses to operate on a cash basis. And that puts them and the Americans they do business with at risk. .

Banking 40

Banking Cannabis Business Safety 40

Medicinal Genomics

NOVEMBER 5, 2019

Last week the USDA issued its much-anticipated interim final rule for hemp manufacturing. In a conference call, the USDA further clarified that hemp samples should only include flower and could be as little as the top 2” of the upper-most flower. . The language in the 2014 Farm Bill classified hemp as cannabis with less than 0.3%

THC 81

THC Hemp DEA Banking 81

Veriheal

AUGUST 14, 2023

In a recent controversial move, Mastercard issued a directive to United States banks, ordering them to block cannabis purchases on its debit cards. This new mandate struck a chord because, unlike credit cards, debit cards are linked directly to an individual’s bank account. THC by dry weight.

Banking 98

Banking Dispensary Cannabis Recreational 98

The Blunt Truth

MAY 28, 2020

In federal news, the marijuana banking provisions in the latest relief bill may not be dead on arrival. And you can now buy face masks made out of hemp. We expressed some doubt last week as to the success of the SAFE Banking provisions in the latest pandemic relief bill. have a look at some hemp products. Her reasons?

Banking 99

Banking Decriminalization Recreational Hemp 99

Cannabis Law Report

APRIL 5, 2022

This included both the Porsche and Lamborghini that had to be turned over to David Brockway at 5star Bank by 2pm on February 15th. 5star Bank also issued Folium one of its $2 million PPP loans, which government records show Folium says was used to retain around 200 employees during Covid-19 lockdowns. . Kashif Shan. 5Star Stip.

Banking 52

Banking Extraction Law Safety 52

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%).

Hemp 45

Hemp Legislation CBD Research and Development 45

Cannabis Law Report

SEPTEMBER 24, 2019

As early as September 23, 2019, the United States House of Representatives is expected to vote on the widely anticipated Secure and Fair Enforcement (SAFE) Banking Act. Today’s cannabis industry encompasses the growth, processing, distribution, and other ancillary services related to both hemp and marijuana.

Banking 40

Banking Law Compliance Compliance 40

Cannabis Law Report

JUNE 22, 2022

As the FDA acknowledges, “Delta-8 THC is one of over 100 cannabinoids produced naturally by the cannabis plant” [1] , but its natural presence in Cannabis and the fact that it can be derived from federally legal “Industrial Hemp” does not make legal or safe in the eyes of the federal government or state lawmakers. 2] Sounds scary, right?

Banking 52

Banking Hemp THC Cannabinoids 52

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? This is due, in part, to the grey legality of Hemp CBD products.

Hemp 53

Hemp CBD Research and Development THC 53

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.

Education 52

Education Banking Hemp Compliance 52

Cannabis Law Report

JANUARY 11, 2019

Hemp Roundtable, Frost Brown Todd, Lexington, KY. Hemp Roundtable, Amin Talati Upadhye, Washington, DC. . Upon the December 20, 2018 signing of the 2018 Farm Bill, the era of hemp prohibition is over. federal law protects the retail sale of hemp-derived CBD. . Jonathan Miller , General Counsel to the U.S.

Hemp 49

Hemp CBD Law Seed-To-Sale 49

NORML

FEBRUARY 22, 2019

Arizona Governor Doug Ducey signed legislation into law this week permitting the production of industrial hemp in accordance with the new federal regulations. Update : HB 2149 was approved by the Public Safety Committee on 2/20. Click here to email your governor in support of industrial hemp production. AZ resident? AZ resident?

Legislation 177

Legislation Hemp Compliance Compliance 177

Cannabis Law Report

SEPTEMBER 12, 2021

Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup. Hood Remarks at the PBC Conference 2021: Payments, Banking, Compliance in the Cannabis Industry. Here’s his full presentation. September 2021. NCUA Board Member Rodney E. Board Member Rodney E.

Banking 89

Banking Law Legalization Hemp 89

Cannabis Law Report

NOVEMBER 15, 2021

Lab Testing and Product Safety. Banking, Finance, and Taxation. Cannabinoid Hemp. Impaired Driving and Traffic Safety. Social and Economic Equity. Medical Use and Research. Public Health and Data Monitoring. Public Education. Packaging, Labeling, and Advertising. Environment and Energy. Federal Engagement.

Compliance 98

Compliance Compliance Programs Topical 98

NORML

MARCH 22, 2019

House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. Update : HB 1383 was heard and approved by the Committees on Judiciary and Public Safety, Intergovernmental, and Military Affairs on 3/19. Click here to email your lawmakers in support of banking access.

Legislation 134

Legislation Hemp Patients Compliance 134

Cannabis Law Report

JUNE 28, 2021

Dan Roda is co-founder and CEO of Abaca, a digital financial platform connecting cannabis businesses with bank accounts, payment processing, lending, and more. for cannabis and hemp industries. Full name: Daniel Jonathan Roda, however, he goes by Dan Roda. To me, this represents more than just the growth of our company.

Banking 66

Banking Access Hemp Business 66

NORML

MARCH 8, 2019

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. AR resident?

Legislation 168

Legislation Patients Access Seed-To-Sale 168

Canna Law Blog

MARCH 13, 2024

Note that licensing requirements for growing industrial hemp, which doesn’t contain significant concentrations of THC, are different from licensing requirements for THC-containing cannabis plants. For states where recreational use is still illegal, industrial hemp is a suitable substitute.

Business 81

Business Supply Chain Dispensary Edibles 81

Cannabis Law Report

DECEMBER 16, 2021

AB 45: California hemp legalization. It also amends the definition of Industrial Hemp to include cannabis plants and ANY part of that plant with THC concentration of no more than 0.3%. Both sides of the aisle support cannabis reform, with multiple federal bills seeking to address everything from banking to social justice.

Law 98

Law Supply Chain Banking Cultivation 98

Cannabis Law Report

AUGUST 31, 2022

The point of this post is not to advocate that Delta-8 THC and the like be made illegal or even that Delta-8 THC be more liberalized; rather, the point is that the hemp industry and hemp customers need more certainty about Delta-8 THC and similar products. What Is Delta-8 THC? Legal Status of Delta-8 THC. Whitt Steineker.

THC 52

THC Hemp Banking Law 52

Cannabis Law Report

DECEMBER 23, 2019

To kick us off, hemp was legalized at the federal level, and we entered into unchartered territory, navigating uncertain waters of the newest arm of the cannabis industry with a lack of regulation or guidance. We also started 2019 with the legalization of hemp and the journey to develop what that means for CBD companies and consumers alike.

Law 59

Law Banking Hemp Retail 59

Cannabis Law Report

NOVEMBER 7, 2019

A press release issued by Folium April 3, 2019 said Dowty had served as a strategic advisor to create Folium Finance, a collection of financial products and services designed as a new means for cannabis start-ups to get banking services from non-traditional banks. Craig Brand, Lawyer. .

Hemp 104

Hemp Research and Development Banking CBD 104

Greenspoon Marder Cannabis Law Group Blog

APRIL 20, 2019

Most recently, the 2018 Farm Bill legalized a species of cannabis (hemp) at the federal level. In the meantime, we can at least get closer to the end goal by passing the SAFE Banking Act (H.R. 1595) which would expand financial bank services to legitimate cannabis businesses. 33 states, the District of Columbia and the U.S.

Hemp 40

Hemp Banking Education Legalization 40

Otherside Farms

FEBRUARY 14, 2019

A long time ago, the great country of North America, the United States, was in love with industrial hemp. We all know that, in addition to the candles of Christopher Columbus, the American flag and the papers with which he declared his independence were made with hemp fiber. billion of those sales in hemp-derived CBD products.”.

CBD 65

CBD Legalization Hemp Chronic Pain 65

NORML

FEBRUARY 15, 2019

The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses. Click here to email your lawmakers in support of industrial hemp production. This was a big week for marijuana in Congress.

Legislation 160

Legislation Hemp Compliance Compliance 160

Cannabis Law Report

FEBRUARY 14, 2019

The new House of Representatives has announced its first cannabis-related hearing, “Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses,” which will take place on February 13 before a sub-committee of the House Financial Services Committee. According to lawmakers close to the committee’s process, Rep.

Banking 40

Banking Compliance Compliance Access 40

Cannabis Law Report

SEPTEMBER 23, 2021

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). FDA Consumer Alert.

THC 52

THC Concentrates Pets DEA 52

Cannabis Law Report

DECEMBER 21, 2019

The CEO of Folium Biosciences, Kashif Shan, is accused of violating a cease and desist order issued by the Colorado Spring fire department who had attempted to shut down the company’s CBD extraction plant because a host of regulations and safety codes were being ignored by the company and its senior management team. 3% or less of THC.

Hemp 94

Hemp Seed-To-Sale Extraction THC 94

Cannabis Law Report

JUNE 28, 2022

The commercial regulated cannabis industry, which includes both industrial hemp and marijuana, is in its infancy. No one really knows whether the substance Griner was caught with was a derivative of hemp or marijuana. There is tremendous confusion about hemp-derived products, such as CBD, and whether they are legal.

Legalization 52

Legalization Supply Chain Hemp Cannabis 52

Cannabis Law Report

JANUARY 19, 2022

He served on the Appropriation, Banking and Finance and Budget committees. While I am aware of the medicinal benefits that marijuana can offer some individuals, IGC is engaged in clinical research trials that employ hemp-sourced cannabinoids to facilitate better brain functioning in subjects that may be vulnerable to Alzheimer’s.

Clinical Trials 52

Clinical Trials Research and Development Education Therapy 52

Cannabis Law Report

FEBRUARY 26, 2020

Folium, who uses the llc name Whole Hemp Company, was financed by investments from private individuals and a few family funds, according to Folium’s records. Cannabis Law Report previously reported on Folium violating safety and building regulations which included the storage of dangerous chemicals and was fined for it.

CBD 131

CBD Seed-To-Sale Hemp Extraction 131

Veriheal

AUGUST 3, 2021

Mainly, the measure protects patient safety and amplifies product quality requirements, all the while entrusting the state’s Medical Marijuana Advisory Board to consider broadening the program’s list of qualifying medical conditions. The bill’s sponsors— which include prime sponsor Rep.

Legislation 98

Legislation Patients Supply Chain Dispensary 98

SpeedWeed

MARCH 6, 2021

The legal definition of hemp, which cannot go above 0.3% Public safety at issue. Proponents of these THC caps—who are often the same politicians who stood against legalization and lost—contend that limiting THC levels will increase public safety. Cornyn have indicated their support for descheduling cannabis. In 2019, Sen.

THC 52

THC Patients Law Chronic Pain 52