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Federal Agencies Provide New Guidance for Hemp Banking

Canna Law Blog

The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

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Halo Collective Announces Reorganization of International Assets to Create Akanda, a Leading African Medical Cannabis Company

Cannabis Law Report

2021 /CNW/ – Halo Collective Inc. (“Halo”) (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN), a vertically integrated multinational cannabis company, today announced that its board of directors has unanimously approved the reorganization (the “International Reorganization”) of its non-U.S. TORONTO , June 22,?2021

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Lesotho – Canadian Bankers In Town To Value Bopelo Bioscience & Wellness

Cannabis Law Report

Bophelo is being spun off by Canadian parent Halo Collective into a new, non-US, international entity, Akanda. CNW Group/Halo Collective Inc.). . … The suits have descended on Lesotho to start putting a value on Bophelo Bioscience and Wellness , which aspires to be the world’s biggest cannabis grow.

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Report: Federal Reserve Bank of Kansas City -“Is the Colorado Marijuana Industry Showing Signs of Maturation?”

Cannabis Law Report

Starting in 2020, farmers in states that have received USDA approval will be allowed to grow industrial hemp for production purposes as long as the final hemp cultivation contains less than 0.3 Tax Collections in the Marijuana Industry. xxix Tax collections through September were 11.3 percent THC. Any crop that exceeds 0.3

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Guam Eventually Set to Accept Adult-Use Cannabis License Applications

Cannabis Law Report

The April 2019 law, which legalized recreational cannabis on Guam states the government must start accepting applications from cultivators, manufacturers, testing labs and retailers no later than 90 days after the rules and regulations took effect, which was May 29. Licenses are for cultivation, manufacturing, testing and retail stores.

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Article – National Law Review: House Vote on Cannabis Industry-Related SAFE Banking Act Scheduled for September 2019

Cannabis Law Report

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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Alabama’s Medical Cannabis Program Could Be Delayed

SpeedWeed

With the company’s previously announced acquisition of OhiGrow, LLC, one of 34 licensed cultivators in Ohio, and Ohio Green Grow LLC (collectively, “OhiGrow”), Jushi expects to start its first cannabis plants this month at the OhiGrow facility in Toledo, Ohio.