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. The Joint Statement.

Hemp 59

Hemp Business Banking Agriculture 59

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. Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law.

Hemp 69

Hemp Business Cultivation Banking 69

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

Canna Law Blog

MAY 14, 2019

Banking , intellectual property , food and beverage (and cosmetics ), international trade , domestic trade , state laws , ag production contracts , etc., When it comes to industrial hemp, the 2018 Farm Bill upended all of these things. hemp companies? hemp-co listing. hemp-co listing.

Hemp 75

Hemp CBD Policy Banking 75

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

The Blunt Truth

JULY 30, 2019

Industry expert panels discussed market trends, private equity, venture capital, family offices, and banking, as well as commercial real estate, which I had the opportunity to moderate. Banking – here, too, experts caution that there won’t be advancements until the feds legalize.

Banking 78

Banking Hemp Cannabis Access 78

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.

Hemp 45

Hemp Business Compliance Compliance 45

Cannabis Law Report

MAY 25, 2019

When the President signed the 2018 Farm Bill in December, which legalized industrial hemp for all intents and purposes, the federal government permanently removed industrial hemp from the Controlled Substances Act (CSA), resolving any lingering doubts. As such, it is critical that people understand that hemp is not marijuana.

Hemp 40

Hemp Law Legalization State Laws 40

Canna Law Blog

JUNE 22, 2023

Their presentation will give an expert take on these topics: Summary of US federal cannabis (marijuana) laws and impact on state law Summary of US federal hemp laws Ethical issues for lawyers and other professionals Common regulatory disclosure pitfalls Common immigration and naturalization pitfalls Tax concerns and bank account access Finance and (..)

Banking 57

Banking Access Topical State Laws 57

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. Legislation is pending, House Bill 2149, to amend the definition of “cannabis” under the 2010 voter-approved medical marijuana law. AZ resident? California.

Legislation 177

Legislation Hemp Compliance Compliance 177

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

The Blunt Truth

SEPTEMBER 3, 2020

Assembly Bill 1525 allows cannabis banking under California state law. A bill which would have set new rules for the hemp industry, was not passed. Since it faced opposition from hemp farmers and others in the cannabis industry, that may be for the best. The legislature approved two marijuana measures.

DEA 98

DEA Banking CBD Edibles 98

Cannabis Law Report

AUGUST 26, 2019

Yet the possession, distribution or sale of marijuana remains illegal under federal law, which means any contact with money that can be traced back to state marijuana operations could be considered money laundering and expose a bank to significant legal, operational and regulatory risk. End the Cannabis Banking Problem.

Banking 59

Banking Cannabis Events Law 59

NORML

MAY 31, 2019

Legislation is pending, Senate Bill 225, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. Click here to email your governor in support of industrial hemp production. Click here to email your lawmakers in support of banking access. AL resident?

Legislation 110

Legislation Access Banking Hemp 110

NORML

MAY 24, 2019

Click here to email your lawmakers in support of banking access. House Bill 491 would regulate industrial hemp production as well as allow the production and retail sale of hemp-derived CBD products. Click here to email your lawmakers in support of regulating hemp and CBD. CA resident? LA resident? LA resident?

Legislation 166

Legislation Hemp Access Patients 166

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. Activists in Oregon have filed a 2020 ballot initiative with the Secretary of State that, if approved, would allow social cannabis consumption sites and protect consumers from employment discrimination.

Legislation 135

Legislation Hemp Patients Compliance 135

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. What’s the Big Takeaway?

Business 81

Business Supply Chain Dispensary Edibles 81

NORML

MAY 17, 2019

Governor Jay Inslee (D) of Washington signed legislation into law to allow individuals with prior low-level cannabis convictions to apply to the sentencing court to have their record vacated. Governor Kevin Stitt (R) of Oklahoma signed legislation into law to permit the retail sale of hemp and hemp-derived CBD products.

Legislation 135

Legislation Hemp Compliance Compliance 135

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. Elizabeth R.

THC 52

THC Hemp Banking Law 52

Cannabis Law Report

DECEMBER 23, 2019

It has been two years since California began licensing yet operators still struggle with compliance and are all still de facto, breaking one law or another. Meanwhile, the state was experiencing a severe bottleneck in its own licensing process. July 2019 – Hemp Cultivation Registration. .

Law 59

Law Banking Hemp Retail 59

Cannabis Law Report

NOVEMBER 6, 2021

Before opening a cannabis practice area, it is important to understand the differences between the products that are derived from the cannabis plant family — marijuana and hemp. In the United States, the level of THC defines the difference between agricultural grade hemp and marijuana, Velazquez said. “In 2018, the U.S.

Banking 52

Banking THC Hemp Cannabis 52

Cannabis Law Report

MAY 11, 2022

. “The order requires that defendant not use marijuana and ‘not violate federal, state, or local law,'” according to Nivison’s order. Count Five: Bank Fraud (18 U.S.C. Count Six: Bank Fraud (18 U.S.C. Count Seven: Bank Fraud (18 U.S.C. Attorney Darcie McElwee and U.S. Lucas Sirois.

Banking 52

Banking Conditions Law Marijuana 52

Cannabis Law Report

JUNE 26, 2022

Hemp, which also contains THC but at lower levels, was previously included on the list of controlled substances. 14 The Farm Bill removed low-THC hemp, which contains 0.3% Colleges offering these programs would also be required to comply with any state laws regulating the use of hemp.

Research and Development 52

Research and Development Education Programs Policy 52

NORML

APRIL 5, 2019

Governor Leon Guerrero (D) of Guam signed cannabis legalization legislation into law. Governor Janet Mills (D) of Maine signed legislation into law to allow the production and retail sale of hemp-derived CBD products. Under state law, adults face civil penalties for minor marijuana possession offenses. Update : H.

Legislation 187

Legislation Banking Hemp Compliance 187

SpeedWeed

MARCH 7, 2021

We also speak with Bill Owens and Todd Mock from Samson Extracts , a hemp extraction company located in Southeast Alabama. Announcer: This is the Cannacurio podcast by Cannabiz Media, your source for cannabis and hemp license updates directly from the data vault. We purchase all of our hemp from a related farm and then process it here.

Extraction 52

Extraction Hemp Data Media 52

Cannabis Law Report

DECEMBER 16, 2021

The CDC promoted a policy that prohibits employees from using marijuana while on the job but recognized that a zero-tolerance policy for marijuana use may not be possible, depending on the relevant state law. While federal law limits the delta-9 THC content of hemp to not more than 0.3

Cannabinoids 52

Cannabinoids Retail Policy Cultivation 52

NORML

MARCH 29, 2019

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. House Judiciary Committee.

Legislation 165

Legislation Decriminalization Hemp Patients 165

Cannabis Law Report

FEBRUARY 3, 2022

House Bill 4016 – Mortarium on Cannabis & Hemp Producer Licenses. HB 4016 authorizes the Oregon Liquor and Cannabis Commission (OLCC) and Oregon State Department of Agriculture (ODA) to unilaterally issue moratoriums on the issuance of new marijuana and hemp producer licenses.

Banking 52

Banking Legislation Hemp Programs 52

NORML

JUNE 23, 2019

Governor Kate Brown (D) signed legislation into law to to automatically conduct a review of past misdemeanor cannabis convictions, and to “set aside” offenses that are no longer a crime under state law. Click here to email your lawmakers in support of banking access. CA resident? DE resident? Update : S.

Legislation 187

Legislation Hemp Decriminalization Agriculture 187

Cannabis Law Report

JANUARY 13, 2020

So while the actual practice or use of a patented cannabis-related invention may be illegal under federal or some state laws, such illegality should not preclude issuance of a patent, if all of the requirements of patentability are met. a contractual falling out between bank robbers). Pure Hemp Collective, Inc.

Extraction 59

Extraction Collective Supply Chain Strains 59

Canna Law Blog

FEBRUARY 9, 2022

Cannabis, psychedelics, and banks. There is just no way that financial institutions will bank psilocybin funds for the time being. The moral of the story is that if – for example – a cannabis company with a bank account decides to obtain an Oregon psilocybin license next year, it will risk losing its cannabis bank account.

Business 80

Business Banking Compliance Compliance 80

NORML

APRIL 20, 2019

At the state level, Governor Brian Kemp (R) signed legislation into law to facilitate regulations governing the licensed production and distribution of oils and other products containing limited amounts of plant-derived THC. Governor Laura Kelly (D) of Kansas signed industrial hemp production legislation into law.

Legislation 152

Legislation Decriminalization Hemp Compliance 152

Cannabis Law Report

APRIL 13, 2022

The licensing of New York hemp farmers to grow cannabis crops was just authorized in February of this year. However, New York is hardly alone in adopting such measures – in fact, it is only one of 37 states that allow the medical use of cannabis and one of 18 that allow its nonmedical use by adults.

Business 52

Business Cannabis Law Decriminalization 52

Canna Law Blog

SEPTEMBER 6, 2020

This Assembly Bill addresses cannabis banking on the state level. It’s admirable of California to make it official that financial institutions (and accountants) don’t commit any crimes under state law by virtue of servicing cannabis businesses. There’s one issue though: federal law.

Banking 64

Banking Pets Cultivation Cannabis 64

Cannabis Law Report

OCTOBER 13, 2021

Updated cannabis state-by-state rankings guide – August 2021 – by Barry Weisz and Michael Rosenblum at Thompson Coburn. CBD and Hemp Legal and Regulatory Roundup – August 2021 – by attorneys at Kelley Drye & Warren. The ABCs of CBD and Hemp: A Primer – by Gregory Gamalski at Bodman.

Law 98

Law Banking Hemp Cannabis 98

NORML

JUNE 28, 2019

Governor Chris Sununu (R) of New Hampshire signed legislation into law allowing physicians assistants to recommend medical cannabis to their patients. Governors Ron DeSantis (R) of Florida signed industrial hemp production legislation into law. New Mexico’s new decriminalization law takes effect this coming Monday July 1.

Legislation 108

Legislation Access Decriminalization Patients 108

Cannabis Law Report

JUNE 15, 2022

In addition, the licensees must execute a management agreement with a third-party operator to manage and operate the remaining facilities that the department will continue to permit in compliance with state law. The RSF assessment tool is designed to help OCC and a bank determine customer type for large risk analysis.

Business 52

Business Marijuana Safety Banking 52