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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. As of the last few months, that has been changing.

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Newly Published Paper: Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act

Cannabis Law Report

According to its sponsors and supporters, the Safe and Fair Enforcement (‘SAFE’) Banking Act would help address the challenges faced by small cannabis businesses that cannot currently access banking services or loans. Date Written: August 11, 2022. Clarify that cannabis criminal records are not an automatic red flag.

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Weekly Legislative Roundup 6/14/19

NORML

Activists in Mississippi have collected approximately two thirds of the needed signatures to qualify a medical cannabis ballot initiative in 2020. Update : SB 51 is scheduled for a hearing in the Assembly Banking And Finance Committee on 6/24/19. Click here to email your lawmakers in support of banking access. CA resident?

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The Week in Weed: May 22, 2020

The Blunt Truth

Senator Mitch McConnell (R-KY) criticized the cannabis banking provisions in the latest stimulus bill, while state Attorneys General wrote a letter supporting them. And finally, you can now buy hemp at Petsmart. cannabis banking. They are practicing social distancing while collecting signatures in person. massachusetts.

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Kelley Drye & Warren: CBD and Hemp Legal and Regulatory Roundup – August 2021

Cannabis Law Report

Welcome to our weekly roundup of CBD and hemp-related legal and regulatory news: CBD. This randomized controlled trial will collect data on 13 U.S. Farm Credit, USDA actions on lending have hemp industry concerned. Texas court overturns ban on distribution, sales of smokable hemp products. CStore Decisions. Agri Pulse.

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The Week in Weed: March 13, 2020

The Blunt Truth

As for banking, banking associations around the country sent a letter to Sen. Sherrod Brown (D-OH), asking that the Senate Banking Committee vote on a cannabis banking bill. Contrast this to the South Dakota state government, which has just worked out a hemp legalization deal. Mike Crapo (R-ID) and Sen.

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ABA survey says majority of Americans support SAFE banking for hemp and cannabis businesses

Cannabis Law Report

consumers support all legal cannabis businesses — including hemp and CBD — having access to banking services. 65% support allowing cannabis businesses to access banking services (e.g. SOURCE US HEMP ROUNDTABLE. Of the 2,210 adults interviewed for the survey — . EMAIL ALERT. 8 MARCH 2022.

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