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. While hemp and marijuana are both derived from the plant Cannabis sativa L, they are legally distinguished on both a federal and state level by their THC content.
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.
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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?
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.
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.
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.”
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.
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