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Quick Guide to Cannabis Business Opportunities

Canna Law Blog

Business Opportunities in the Cannabis Industry There are two main categories of cannabis businesses — plant-touching and ancillary. The legal requirements for each type are different, so it’s essential to research the laws around the company you want to start. Direct-to-consumer delivery is also legal in some states.

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Protecting Hemp-CBD Business Information

Canna Law Blog

According to recent reports, the hemp-derived cannabidiol (“Hemp-CBD”) market is expected to grow by 700 percent by 2020 and grow to $2.1 Given this significant growth forecast, sensitive business information (also known as trade secrets) has become an incredibly valuable asset for Hemp-CBD stakeholders. billion by 2020.

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Lawsuit Filed in Georgia Argues Delta-8 and Delta-10 Products are Legal Under State Law

Cannabis Law Report

A recent raid of a business selling delta-8 THC products in Gwinnett County, Ga., has sparked litigation in the state. Hemp Grower reports. A recent raid of a business selling delta-8 THC products in Gwinnett County, Ga., has sparked a lawsuit against authorities.

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The Top Four Risks for Cannabis Businesses and Investors in 2024

Canna Law Blog

2024 is going to be a crazy year for cannabis businesses and investors. Among many other things, there will be a general election, possible rescheduling to Schedule III of the Controlled Substances Act (CSA), an upcoming Farm Bill that could re-tool how hemp and hemp products are regulated, and maybe even some federal cannabis legislation.

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National Credit Union Administration Issues Statement About Serving Hemp Businesses

The Blunt Truth

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.

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How to Get a Credit Union Account for Your Hemp Business

Canna Law Blog

Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

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Virginia: Governor sends tweaked hemp regulations back to General Assembly

Cannabis Law Report

A proposed state law that has some local hemp-related businesses fearing for their futures isn’t written in stone just yet. Glenn Youngkin on Monday, rather than signing it immediately into law, recommended changes to legislation that would establish more regulations on the hemp industry in Virginia.

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