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.

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Hemp Banking THC Policy 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

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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Hemp Research and Development Supply Chain Data 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.

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THC Banking Agriculture Concentrates 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

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.

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THC Concentrates Pets DEA 52

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

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.

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Banking Hemp THC Cannabinoids 52

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.

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Hemp Supply Chain Agriculture Banking 70

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.

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Hemp Business Banking Concentrates 71

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. THC is the only compound in the cannabis plant that causes a euphoric sensation. The Background.

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Hemp CBD Food Extraction 52

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

Canna Law Blog

MAY 22, 2022

This post covers the SAFE Banking Act, the Medical Marijuana Research Act, the Cannabidiol and Marihuana Research Expansion Act, and the Hemp Advancement Act. SAFE Banking Act. Representative Ed Perlmutter (D-CO) introduced the SAFE Banking Act in March 2021. Hemp Advancement Act. Medical Marijuana Research Act.

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Legislation Banking Hemp Cannabis 74

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.

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Hemp Agriculture Banking Access 52

Cannabis Law Report

DECEMBER 11, 2019

Mertz , is being accused of civil theft and conspiracy for keeping hundreds of thousands of dollars from the sale of unhealthy hemp clones to a Colorado farm and then using that money to improve his hemp farm infrastructure so the two year old farm could be flipped and sold. National Hemp Exchange was started in Monte Vista, CO.

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Hemp Seed-To-Sale Strains Banking 98

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? THC level on a dry weight basis is at risk of criminal liability.

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Hemp CBD Research and Development THC 53

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.

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Banking Dispensary Recreational Cannabis 98

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 68

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.

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Banking Law Compliance Compliance 40

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.

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Banking Hemp Oil THC 79

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. […].

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Banking Business Legalization Cannabis 41

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

SpeedWeed

MARCH 6, 2021

Proposals to cap the amount of THC in cannabis flower and concentrates have been gaining traction in a number of state legislatures, and earlier this week the idea reached the federal level. Most cannabis flower in America’s legal regulated markets ranges between 18% and 23% THC. Cannabis Voter Project (@Cannabis_Voter) March 3, 2021.

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THC Patients Law Chronic Pain 52

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.

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Banking DEA THC Hemp 99

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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Hemp Legislation CBD Research and Development 45

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

AUGUST 31, 2022

There is perhaps no area of the law where doubt rules more than the cannabis industry, and perhaps no corner of that industry more shrouded in doubt than Delta-8 THC. What Is Delta-8 THC? Delta-8 is a form of the chemical compound tetrahydrocannabinol (THC) that can be extracted from either hemp or cannabis plants.

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THC Hemp Banking Law 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.

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Hemp CBD Law Seed-To-Sale 49

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. Delta-8 THC is a psychoactive substance that has been marketed as having similar effects to marijuana. May 19, 2022.

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Law Marijuana Legislation Retail 111

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.

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Business Supply Chain Dispensary Edibles 79

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.

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Banking Hemp Agriculture Cannabinoids 61

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.

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Banking Decriminalization Education Business 76

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. of THC,” she said.

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Banking THC Hemp Cannabis 52

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.

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Hemp Seed-To-Sale Extraction THC 94

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. .

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Hemp Research and Development Banking CBD 104

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.

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Law Supply Chain Banking Cultivation 98

Miss Marijuana

JULY 23, 2020

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CBD Wellness and Beauty Sleep Oil 94