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. percent on a dry weight basis.” The Joint Statement.

Hemp 59

Hemp Business Banking Agriculture 59

Cannabis Law Report

FEBRUARY 5, 2019

Congressional Democrats Plan Hearing And Vote On Marijuana Business Banking. Party leaders are also laying the groundwork to vote on a marijuana banking bill soon, Marijuana Moment has learned. Congressional Democrats Plan Hearing And Vote On Marijuana Business Banking. Currently, the maximum level of THC allowed is 3 percent.

Digestion 53

Digestion Banking Hemp Retail 53

Cannabis Law Report

JUNE 3, 2021

For decades, the marijuana industry has been fighting stigmatizing rhetoric, the war on drugs, the smuggler and back alley feel, varying state laws, continued federal prohibition, lack of access to traditional banking, and on and on. And if a THC infused manufacturer can’t manage that simple task, I suspect they won’t last.

Supply Chain 55

Supply Chain Marijuana Packaging THC 55

Cannabis Law Report

JULY 6, 2022

Dafna Revah, co-founder and co-owner of cannabis dispensary CBD Kratom, had a lot of explaining to do when her bank referred her to a record keeper willing to provide her company with a 401(k) plan. ” None, she repeatedly explained, had Delta-9 THC, the cannabinoid that is illegal under federal law. ” Ms.

Legalization 52

Legalization Tincture Banking Edibles 52

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 178

Legislation Decriminalization Hemp Compliance 178

Cannabis Law Report

NOVEMBER 6, 2021

In the United States, the level of THC defines the difference between agricultural grade hemp and marijuana, Velazquez said. THC is the substance that contains psychoactive properties. of THC,” she said. “You can produce hemp in all 50 states as long as it contains less than the federal THC limits.”

Banking 52

Banking THC Hemp Cannabis 52

Nature's Way Medicine

MARCH 5, 2021

The IRS commissioner Charles Rettig told the House Appropriations Financial Services and General Government Subcommittee that he would prefer if state-legal marijuana businesses would pay taxes electronically. Right now the businesses are unable to use banks and are paying cash to the federal government.

Patients 76

Patients Sleep Cannabis THC 76

Cannabis Law Report

AUGUST 31, 2022

The United States Supreme Court once famously wrote that “[l]iberty finds no refuge in a jurisprudence of doubt.” 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? So What’s Next?

THC 40

THC Hemp Banking Law 40

The Blunt Truth

OCTOBER 22, 2019

who uses, shares (whether you do or don’t Bogart that joint ), or sells marijuana in any form, whether psychoactive THC or only non-psychoactive CBD. practicing law in the U.S. 1200 , The SAFE Banking Act, awaits a vote. Yes, of course, if you are a noncitizen: residing anywhere in the U.S. work here, or apply for a green card.

DEA 51

DEA Banking Agriculture Law 51

The Joint Blog

JUNE 15, 2021

Before going deeper into it, make sure you have the license to operate legally in the state you are living in. Know your State Laws. State laws govern whether you can ope rate your cannabis growing business. And different states have different approaches to that. New Jersey. With that being said, S.A.F.E.

Legalization 52

Legalization Decriminalization Recreational State Laws 52

Cannabis Law Report

NOVEMBER 29, 2021

The law took effect August 1, 2021. House Bill 1090 : State law previously permitted adults to legally possess up to one ounce of either marijuana flowers or concentrates for recreational purposes without penalty. The new law took effect upon signing. The law took effect July 1, 2021. EXPUNGEMENT. to one percent.

Legislation 98

Legislation Patients Retail Law 98

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

Retail 52

Retail Cannabinoids Policy Cultivation 52

The Blunt Truth

OCTOBER 29, 2019

The plans must incorporate procedures for sample and testing hemp to ensure that the cannabis grown and harvested does not exceed the acceptable hemp THC level. those with THC levels above 0.3%). The SAFE Banking Act May Help CBD Industry.

Hemp 45

Hemp Legislation CBD Research and Development 45

The Herb Collective

APRIL 29, 2019

The laws have said that it’s here in the long-term. Although THC infused candy bars and other individual products don’t have to be child-resistant yet, that’s on its way too by 1st January 2020. A Cash-Only Industry The final California cannabis regulations still haven’t fixed the banking problem.

Law 45

Law Marijuana Banking Packaging 45

Connor & Connor PLLC

AUGUST 30, 2018

Specifically, the Court stated: “The conclusions in the [expert] report are an attempt to present reconstructed income tax returns as evidence of petitioners’ correct tax liabilities. The report is not based on personal knowledge of THC’s business. To determine the correct COGS for THC, substantiation of THC’s expenses is necessary.

Business 49

Business Marijuana Banking Collective 49

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

Because of the federal prohibitions described above, these institutions, which receive federal funds, are not able to use cannabis or other plants with a tetrahydrocannabinol (THC) level above 0.3% Hemp, which also contains THC but at lower levels, was previously included on the list of controlled substances.

Research and Development 52

Research and Development Education Programs Policy 52

Cannabis Law Report

MARCH 17, 2020

As Congress is considering legislation to provide banks with a safe harbor for providing services to those in the cannabis industry, other areas, from financial services to soft drink manufacturers, are actively assessing how the explosion of this new market will impact their products and services.

Compliance 45

Compliance Compliance State Laws Law 45

Cannabis Law Report

OCTOBER 22, 2019

who uses, shares (whether you do or don’t Bogart that joint ), or sells marijuana in any form, whether psychoactive THC or only non-psychoactive CBD. practicing law in the U.S. Citizenship and Immigration Services (USCIS) has declared that “certain conduct involving marijuana. 1200 , The SAFE Banking Act, awaits a vote.

DEA 40

DEA Banking Agriculture Supply Chain 40

Cannabis Law Report

AUGUST 8, 2019

THC (legal term “marijuana”) is classified as a Schedule 1 drug and is illegal under federal law for any purpose (with the exception of FDA-approved research programs) by way of the Controlled Substances Act 1970. Whilst English law presumes that English criminal statutes do not extend to acts wholly undertaken outside the U.K.,

Legalization 40

Legalization Banking Compliance Compliance 40

Cannabis Law Report

MARCH 21, 2019

The USDA’s Agricultural Marketing Service Administrator Bruce Summers said last week that the agency will aim to complete the hemp production regulations by fall 2019, in time for states to submit plans for the 2020 spring hemp planting season. House Committee to Vote on Cannabis Banking Bill Next Week.

Digestion 49

Digestion Dispensary Recreational Legislation 49

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).

Extraction 59

Extraction Collective Supply Chain Strains 59

SpeedWeed

MARCH 7, 2021

” I said, “Look,” and this is exactly what I told people, “if you don’t have money in the bank to take down, about $15,000 per acre to take down to Biloxi and throw it on black and walk away losing it, you don’t need to get into hemp.” That’s the law. Will we produce CBG or CBN?

Extraction 52

Extraction Hemp Media Data 52

Canna Law Blog

MAY 12, 2025

THC and hemp when referring to cannabis at, or below, 0.3% marijuana policy: stuck in the past Despite growing state-level legalization, federal marijuana policy in the United States still tracks closer to authoritarian regimes like Russia and China than to progressive jurisdictions like Europe and Canada. Under current U.S.

DEA 99

DEA Marijuana Supply Chain Policy 99

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 89

Banking Pets Cultivation Legislation 89

NORML

APRIL 2, 2019

1/4/19), SB 5131: Amends the state’s medical cannabis law so that qualified medical marijuana patients and designated providers can purchase immature plants, clones, or seeds from a licensed producer. While he supports legalization, he also believes that there should be limits on advertising and THC levels.

Marijuana 279

Marijuana Legislation Policy Legalization 279

Nature's Way Medicine

APRIL 23, 2021

SAFE Banking Act Approved in Congress. Even bigger news comes in the form of the Secure and Fair Enforcement (SAFE) Banking Act, which has been approved by the House of Representatives for the fourth time. The SAFE Banking Act has been approved three times before and needs to be sent to the Senate for consideration. State Laws.

Banking 82

Banking Patients Cannabis THC 82

Canna Law Blog

NOVEMBER 17, 2021

(Georgia is a cannabis backwater, but it legalized the growth, manufacture, and sale of low-THC oil in 2015.). In denying the motion, the Georgia Supreme Court deferred obsequiously to federal law and the illegality of cannabis. It held that passage of state laws permitting and regulating federal crimes do not alter the 1.2(d)

Cannabis 97

Cannabis Banking Oil Treatment 97

Cannabis Law Report

OCTOBER 13, 2021

Updated cannabis state-by-state rankings guide – August 2021 – by Barry Weisz and Michael Rosenblum at Thompson Coburn. FDA And CDC Issue Warnings Regarding Health Risks Of Using Delta-8 THC Products – by Kathryn Russo at Jackson Lewis.

Law 98

Law Banking Hemp Cannabis 98

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. Financing: Because cannabis is still illegal at the federal level, most banks won’t provide loans to cannabis companies.

Business 107

Business Supply Chain Edibles Dispensary 107

Cannabis Law Report

MAY 14, 2022

FDA Issues Warning Letters to Companies Illegally Selling CBD and Delta-8 THC Products . Large Majority of Americans Favor Legal Recreational Cannabis Under Federal Law – Nearly two-thirds of Americans want recreational cannabis use to be legal under federal law and in their own state.

Banking 52

Banking Recreational Research and Development Cannabis 52

SpeedWeed

JULY 15, 2021

The attorney general would be required to finalize removing “marihuana and tetrahydrocannabinols [THC]” from the schedule of controlled substances no later than 180 days after the enactment of the act. . All cannabis transported across state lines shall, upon arrival, be subject to the operation and effect of the laws of that state.

Banking 52

Banking Programs Decriminalization Legislation 52

SpeedWeed

JULY 15, 2021

The attorney general would be required to finalize removing “marihuana and tetrahydrocannabinols [THC]” from the schedule of controlled substances no later than 180 days after the enactment of the act. . All cannabis transported across state lines shall, upon arrival, be subject to the operation and effect of the laws of that state.

Business 52

Business Banking Programs Decriminalization 52

SpeedWeed

JULY 15, 2021

The attorney general would be required to finalize removing “marihuana and tetrahydrocannabinols [THC]” from the schedule of controlled substances no later than 180 days after the enactment of the act. . All cannabis transported across state lines shall, upon arrival, be subject to the operation and effect of the laws of that state.

Banking 52

Banking Programs Decriminalization Legislation 52

Cannabis Law Report

AUGUST 30, 2019

US Senator Mike Crapo (R-ID) , chairman of the Senate Committee on Banking, Housing and Urban Affairs, expressed interest in addressing banking issues facing cannabis businesses operating legally in their states. The SAFE Banking Act (H.R. The SAFE Banking Act (H.R.

Banking 45

Banking Research and Development Legislation Programs 45

The Cannigma

MARCH 12, 2021

There are no payment systems, there’s no banking and cannabis. And he’s looking at it and all these words are coming out, cannabinoids, THC, CBD, ratios, terpenes, and the customer realizes they have no idea what they’re doing. and those are intertwined in – they do want THC, but not just THC.

Legalization 132

Legalization Patients Education Dispensary 132

Cannabis Law Report

DECEMBER 30, 2019

The hearing marked the first time in decades that members have entertained debate regarding the need to end the federal criminalization of cannabis and deschedule it from the Controlled Substances Act, which would end federal prohibition and allow states to determine their own policies. Progress on the SAFE Banking Act.

Legislation 45

Legislation Patients Access Banking 45