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.

Banking 64

Banking THC Hemp Cannabis 64

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.

Hemp 95

Hemp Business Cultivation Banking 95

Canna Law Blog

MARCH 22, 2019

Department of Agriculture (“USDA”) held a public meeting during which hemp stakeholders shared their opinion on the promulgation of rules to regulate the crop. Specifically, the federal agency is to review and approve “plans” submitted by states and Indian tribes that choose to hold primary regulatory authority over hemp.

Hemp 84

Hemp Supply Chain Agriculture Banking 84

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. THC when it is harvested and tested? . AUTHOR: Shane Eloe.

Banking 45

Banking Hemp Business Agriculture 45

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 194

Legislation Patients Access Seed-To-Sale 194

The Blunt Truth

FEBRUARY 10, 2022

We’ve got news of a federal hemp bill that growers will welcome. And finally, you won’t see any cannabis ads during the Super Bowl, but hemp is making an appearance at the Olympics. This makes the sixth time the House has passed a provision allowing cannabis businesses to access the federal banking system. currently.

Hemp 111

Hemp DEA THC Banking 111

Cannabis Law Report

JUNE 25, 2021

Cannabidiol (CBD) products derived from industrial hemp exist in a unique market here in the U.S. While these products are no longer illegal (notably a different definition than “legal”), most banks have been hesitant to jump in, citing the lack of framework from the compound’s new agencies of oversight: the USDA and the FDA.

Banking 51

Banking CBD Hemp Seed-To-Sale 51

Cannabis Law Report

MARCH 13, 2019

Here’s their press release in full…… DeJoy, Knauf & Blood LLP Launches Cannabis and Hemp Advisory Practice. The new practice leverages the firm’s in-depth cannabis and hemp industry knowledge and expertise of the tax implications, regulatory environment, as well as critical operating and financial procedures.

Hemp 71

Hemp Business Banking Concentrates 71

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.

Hemp 64

Hemp Agriculture Programs Banking 64

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. CA resident?

Legislation 185

Legislation Decriminalization Hemp Compliance 185

The Blunt Truth

JULY 4, 2019

Meanwhile, several states recently legalized hemp and low THC oil. Florida will start producing commercial hemp, and it’s now legal to possess low THC cannabis oil in Kansas. In Louisiana , residents may now use industrial hemp, with some restrictions. Lack of banking services.

Banking 79

Banking Hemp Oil THC 79

The Blunt Truth

MARCH 5, 2020

Lawmakers wrestled with the issue of capping THC content in medical marijuana for those patients under the age of 21. In Minnesota, regulators have suggested that one office should oversee all aspects of both hemp and medical marijuana. STATE NEWS. To cap or not to cap, that was the question facing the state of Florida this week.

Banking 99

Banking DEA Hemp THC 99

Cannabis Law Report

DECEMBER 19, 2019

He’s demanding more studies and much tighter rules around banking and the crop. Chairman Crapo Outlines Concerns with Cannabis Banking Legislation. WASHINGTON – Senate Banking Committee Chairman Mike Crapo (R-Idaho) is inviting public feedback on ways to address public health and money laundering concerns with cannabis banking.

Banking 71

Banking Legalization Safety Research and Development 71

Cannabis Life Network

OCTOBER 11, 2019

Cannabis is Canada is legal, and was sold as being big business, but as we approach the one year mark of Canadian cannabis legalization, big banks across the country are turning away from weed money. Clarke, who was one of the first Canadians to begin selling legal cannabis through his independent Portugal Cove-St. […].

Banking 61

Banking Business Legalization Cannabis 61

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.

Banking 40

Banking Hemp Marijuana Compliance 40

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.”

Hemp 59

Hemp Business Banking Agriculture 59

Cannabis Law Report

APRIL 1, 2022

We had a productive meeting with Governor Glenn Youngkin’s office about Virginia SB 591 —the restrictive THC limits bill we urged emergency action against. SB 1167 allows financial institutions and insurance companies to conduct business with “legitimate cannabis businesses,” including hemp-derived CBD businesses. Take Action.

Hemp 52

Hemp Banking THC Policy 52

Cannabis Law Report

SEPTEMBER 29, 2021

Hemp Roundtable made a lot of national news noise – and it’s no wonder, given the all-star lineup that joined the Roundtable in its virtual DC “fly-in.” The membership subsequently met with the USDA’s new Hemp Work Group, and White House officials that serve the President on agriculture and drug control policy.

Hemp 52

Hemp Banking Legislation Policy 52

Cannabis Law Report

JANUARY 3, 2022

Hemp Industry Daily Report. Here’s a breakdown of seven federal bills on the docket – plus one state measure – and a look at why they’re important to hemp farmers and business owners. Hemp Access and Consumer Safety Act. Hemp champion Sen. Hemp and Hemp-Derived CBD Consumer Protection and Market Stabilization Act of 2021.

Hemp 52

Hemp Packaging Banking Food 52

Cannabis Law Report

AUGUST 29, 2019

The Colorado Springs-based company, whose legal corporate name is Whole Hemp Company LLC , is being sued by its former Vice President of business development and marketing, Dale Takio , after Shan allegedly tried to cut him out of his promised equity in the privately held company. THC oil, CBD water-soluble technology, CBD 0.0%

CBD 99

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

Banking 71

Banking Hemp Agriculture Seed-To-Sale 71

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

Cannabis Law Report

DECEMBER 21, 2019

Brett Lacey, CS Fire Marshall, confirmed for Cannabis Law Report that his staff had tried to serve Shan a summons for a criminal misdemeanor for continuing to extract THC from their industrial hemp when under the C&D order but Shan dodged the summons for a year and the statute of limitations subsequently ran out.

Hemp 94

Hemp Seed-To-Sale Extraction THC 94

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 Recreational Cannabis 98

The Blunt Truth

JUNE 20, 2019

But what about hemp, marijuana’s straight arrow cousin? Texas has legalized it, and the Postal Service will ship it, but banking is still a problem. In order to qualify for free tuition, students must pass a drug test, and THC is one of the banned substances. is expanding into Columbus.

Banking 76

Banking Decriminalization Education Business 76

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.

Hemp 45

Hemp DEA Banking Programs 45

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 department’s new memo, released early April 2020 to state and county offices provides clarity on how to process direct or guaranteed loan applications for hemp producers.

Hemp 52

Hemp Agriculture Banking Access 52

Cannabis Law Report

DECEMBER 12, 2021

The new Narcotics Code, which took effect on Thursday, no longer has cannabis and hemp on it. The only exception is cannabidiol (CBD) extracts with tetrahydrocannabinol (THC) of more than 0.2%, he added. of THC, can be made and used freely. The number is not unilaterally set by Thailand.

THC 52

THC Banking Agriculture Concentrates 52

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.

Hemp 52

Hemp Research and Development Supply Chain Data 52

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). Delta-8 THC has psychoactive and intoxicating effects.

THC 52

THC Concentrates Pets DEA 52

Cannabis Law Report

JUNE 17, 2021

Each gummy is packed with 10mg of CV Sciences’ award-winning full spectrum hemp extract CBD, L-Theanine and 5-HTP for positive mood support and mental relaxation without feeling impaired. . Infused with both CBN and THC, Snoozzzeberry is perfectly balanced for a well-deserved good night’s sleep. For the “New Dad”. Gage Cannabis Co.

Sleep 102

Sleep Strains Banking Wellness and Beauty 102

Miss Marijuana

JULY 23, 2020

RELATED: THC & CBD-Infused Grill Recipes To Try This Summer. They seem to have the winning formula, because this product covers all the bases without breaking the bank. Night is organic, non-GMO, vegan, third-party tested, THC-free AND Tru-ID certified. These gummies are also THC-free, so no high to come down from.

CBD 94

CBD Wellness and Beauty Sleep Oil 94

The Blunt Truth

MAY 2, 2019

We’ll start off with the news that the Senate may not take up the issue of banking in the marijuana industry. Idaho) won’t commit to holding hearings on the SAFE Banking Act , which is currently under consideration in the House. Department of Agriculture has released guidelines for importing hemp seeds.

Banking 61

Banking Hemp Agriculture Cannabinoids 61

The Cannigma

DECEMBER 2, 2021

These landrace strains were then bred together to create hybrid strains – which combined these different varieties to amplify desirable features like high THC levels and shorter growth cycles. What was then cannabis sativa, is now referred to as hemp. This created the wide variety of strains we have today.

Strains 145

Strains Indica Sativa Hybrid 145

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. And they have.

Banking 52

Banking Hemp THC Cannabinoids 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

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