Cannabis Law Report

MAY 28, 2022

Congress should either legalize cannabis or stop deputizing banks as drug enforcement investigators. Although 18 states have fully legalized, cannabis is still a sticky issue for banks and other financial institutions because it remains illegal at the federal level. The State of Banking. That can prove costly.

Banking 52

Banking State Laws Law DEA 52

Medicinal Genomics

NOVEMBER 5, 2019

Another potential headache for farmers is that analytical laboratories must be registered with the DEA in order to perform compliance testing. No existing cannabis labs are registered with the DEA because they handle a schedule 1 substance, which violates federal law. and seize all the testing samples. THC threshold.

THC 81

THC Hemp DEA Banking 81

The Blunt Truth

MARCH 5, 2020

The Department of Agriculture delayed a requirement that the DEA conduct all THC testing on hemp crops. He pleaded guilt y to ingesting marijuana and cocaine. FEDERAL NEWS. So what’s happening on the federal level? The requirement will take effect on October 21, 2021 or upon publication of a final rule, whichever comes first.

Banking 99

Banking DEA Hemp THC 99

The Blunt Truth

AUGUST 1, 2019

In other federal news, the DEA has, yet again, not approved new suppliers of marijuana for research. Meanwhile, the state of Arizona is experimenting with a new procedure to get around the lack of banking services for marijuana companies. There will have to be a bit more awaiting, it seems.

DEA 77

DEA Banking Dispensary Edibles 77

The Blunt Truth

DECEMBER 26, 2019

In February, we saw the first ever Congressional hearing on cannabis banking. On the federal level, however, the SAFE Banking Act was approved by the House Financial Services Committee (45-15). On to July, when the Senate Banking Committee had a hearing on cannabanking. The Senate failed to take action on the banking bill.

Banking 71

Banking Hemp Agriculture Seed-To-Sale 71

Cannabis Law Report

JULY 15, 2021

DEA case, Bob Hoban’s advising of more than 30 countries on cannabis policy and crafting of CBD legal strategies, and the expansion of global offices in more than 10 countries. With the anticipated passage of the SAFE Banking Act followed by the potential federal legalization of cannabis, the industry is moving at lightning speed.

Law 77

Law DEA Banking Policy 77

Cannabis Law Report

JUNE 16, 2022

Lack of access to banking services and capital, high barriers to entry into legal cannabis markets, and exorbitant tax rates at all levels of government are clearly hampering the ability of licensed cannabis businesses to compete with the unregulated market.

DEA 52

DEA Marijuana Data Programs 52

Cannabis Law Report

NOVEMBER 3, 2021

Ruis directed Turner, who had no criminal record, to open bank accounts and register businesses in her name to avoid detection by law enforcement or by financial institutions. Attorney for the Eastern District of Virginia; Jarod Forget, Special Agent in Charge for the Drug Enforcement Administration’s (DEA) Washington Division; Daniel A.

Cannabinoids 98

Cannabinoids Packaging DEA Law 98

Cannabis Law Report

JANUARY 16, 2020

Weisheit doubts that marijuana will be legalized at the federal level any time soon due to the Drug Enforcement Agency’s (DEA) position on the matter. . The DEA doesn’t even recognize medical marijuana,” Weisheit said. Due to marijuana’s status as a federal crime, banks cannot be involved with the business.

Law 45

Law Legalization DEA Marijuana 45

The Blunt Truth

JUNE 6, 2019

The latest piece of cannabis banking (cannabanking?) news is that protections for banks serving the legal marijuana industry have made their way into a Congressional spending bill. There was no shortage of speakers, from all walks of life, and those in favor of regulating the industry stressed the need for quick action.

Banking 40

Banking DEA Food History 40

Cannabis Law Report

MARCH 18, 2022

Food and Drug Administration (FDA) guidance on clinical trials, Drug Enforcement Agency (DEA) licensing, material transfer agreements and cooperative research and development agreements (CRDA).

Therapy 52

Therapy Research and Development Clinical Trials Environment 52

The Blunt Truth

OCTOBER 22, 2019

1595 – The Secure And Fair Enforcement Banking Act, which passed in the House , would prohibit federal banking regulators from penalizing banks that finance legitimate marijuana-related businesses, while its counterpart in the Senate, S. 1200 , The SAFE Banking Act, awaits a vote. 4390 and S.

DEA 51

DEA Banking Agriculture Law 51

Cannabis Law Report

NOVEMBER 12, 2019

Miller identifies the Rule’s highlights: It signals to banks and credit card companies that the hemp and CBD industry are legal and open for business. Its repeated shoutouts to the DEA raises concern of inappropriate enforcement actions.

Hemp 45

Hemp DEA Banking Programs 45

Cannabis Law Report

MAY 5, 2022

Fahie and the mother and son Maynard duo are accused of agreeing to facilitate the safe passage through BVI ports of tons of Colombian cocaine headed to Miami, in exchange for millions which would be funneled through different businesses and bank accounts to hide the money’s source.

DEA 52

DEA Banking Collective Business 52

Cannabis Law Report

SEPTEMBER 1, 2021

3] Further, notwithstanding the determination of the Drug Enforcement Administration (DEA), which is required to defer to the Department of Health and Human Services’ assessment that cannabis has no acceptable medical utility, 37 states and four territories have enacted laws allowing for the medical use of cannabis products. [4]

Policy 100

Policy Cannabis Law Treatment 100

Otherside Farms

AUGUST 4, 2020

Due to cannabis businesses being considered high risk, banks will often not loan money. Credit Card Processing and Banking. The age of cannabis dispensaries has made it difficult for dispensaries to find trustworthy banking and credit card processing. You may already have the funding or you can seek a business loan.

Business 52

Business Banking Dispensary Research and Development 52

Cannabis Law Report

APRIL 24, 2019

The STATES Act passes in Congress, the President signs it and it becomes law which means that in the states where cannabis is legal : Banking system becomes available to cannabis businesses. The second path would be the administrative action by the Drug Enforcement Agency [“DEA”] and its Diversion Control Division.

Legalization 58

Legalization Collective DEA Banking 58

Cannabis Law Report

OCTOBER 22, 2019

1595 – The Secure And Fair Enforcement Banking Act, which passed in the House , would prohibit federal banking regulators from penalizing banks that finance legitimate marijuana-related businesses, while its counterpart in the Senate, S. 1200 , The SAFE Banking Act, awaits a vote. 4390 and S.

DEA 40

DEA Banking Agriculture Supply Chain 40

Sensi Seeds

NOVEMBER 28, 2018

All of these companies, the seeds banks, cultivators, manufacturers, grow shops, distributors, and online vendors operate in a grey market that permits them to sell their products as long as they follow some rules. As a result, GW’s latest CBD product, EPIDIOLEX ® was entered into the Spanish pharmacopeia over the summer.

CBD 71

CBD Seed-To-Sale Food Research and Development 71

Cannabis Law Report

MAY 17, 2019

Seq (1970) and Drug Enforcement Administration’s (“DEA”) clutches, 2019 hemp production and sales exploded. A wildly popular nutritional supplement and food additive, oil based hemp derived products like CBD racked up $1.1 Farm Bill’s Impact and Rise of the FDA. Beyond removing plant cannabis sativa L. Budgeted at $6.1

Food 10

Food DEA Hemp CBD 10

Cannabis Law Report

JULY 2, 2019

Starting today, US manufacturers and merchants can apply through LegitScript to certify CBD products and websites that are in compliance with USDA, FDA, FTC, and DEA regulations, as well as state-specific laws.

Compliance 40

Compliance Compliance Programs CBD 40

SMPL

AUGUST 14, 2019

ABA listed various problems that these businesses face under the current regulatory framework: a lack of access to banking services, “unusually high federal taxes,” no federal protection for their trademarks and an increased number of private lawsuits. “No One area that could be quickly improved is in the sourcing of research-grade marijuana.

Policy 40

Policy Research and Development Marijuana DEA 40

Marijuana Packaging

SEPTEMBER 23, 2024

Nonetheless, it remains illegal on a federal level with the DEA refusing to change the classification from the strictest Schedule I status last August. Until the federal status of the plant changes, weed shops will likely continue to deal with ongoing issues, from banking restrictions to advertising issues.

DEA 40

DEA Policy Banking Media 40

Cannabis Law Report

SEPTEMBER 23, 2021

With increased state and federal attention on these products, there is also an increased risk to industry participants beyond that of criminal liability, such as FDA/FTC enforcement, banking and insurance obstacles, and civil liability claims. We recently discussed some of these on our Hemp Legally Speaking podcast episodes.

THC 52

THC Concentrates Pets DEA 52

Cannabis Law Report

JANUARY 11, 2019

Accordingly, the Drug Enforcement Administration (DEA) no longer has any claim to interfere with the interstate commerce of hemp products, so as long as the THC level is at or below 0.3%. While the DEA is now officially out of the hemp regulation business, the U.S. The FDA’s position on CBD is unsettled and unsupported by law.

Hemp 49

Hemp CBD Law Seed-To-Sale 49

Canna Law Blog

DECEMBER 6, 2022

As we blogged about last week, the SAFE Banking Act is trying to claw its way back from the dead during this lame duck session of Congress. Interestingly, on December 2, Punchbowl News reported that the Department of Justice (DOJ) issued a memo outlining its “issues” with the SAFE Banking Act. Section 280E.

Banking 98

Banking Compliance Compliance State Laws 98

SpeedWeed

MARCH 7, 2021

Because back then, at the start, banking was a big issue and it was a whole cash only thing, and our finance people were like, how are we going to handle this?And And now the DEA just recently poked their head into that too, so I think there’s a lot of question marks for both cultivators and processors with respect to hemp.

Extraction 52

Extraction Data Hemp Research and Development 52

Canna Law Blog

NOVEMBER 8, 2023

Indeed, just like when these states started licensing, cannabis is still on Schedule I of the Controlled Substances Act (CSA), 280E is still a nuisance, big banks still won’t bank cannabis money , and so on. I say “apparently” because HHS’s letter to DEA is redacted to the point of uselessness.

Legalization 117

Legalization DEA Banking Business 117

Canna Law Blog

JULY 17, 2020

A: OK, after your get the IRB approval letter, you need permission from the Drug Enforcement Agency (DEA)– Q: Hold on. But it’s set up so that DEA works with FDA and its parent, the Department of Health and Human Services (HHS), to schedule and control all of these substances. How do I get DEA permission?

DEA 104

DEA Research and Development Therapy Banking 104

Canna Law Blog

NOVEMBER 21, 2024

Therefore, this is not like with the SAFE Banking Act , where we have a proposed law specific to cannabis that may or may not ever pass. For more on this topic, check out our massive hemp and CBD archive , or these specific, recent posts: More Bad News for Intoxicating Hemp (California, Missouri, New Jersey) Loper Comes for the DEA.

Hemp 101

Hemp Seed-To-Sale DEA Sativa 101

Canna Law Blog

FEBRUARY 4, 2025

(See Thoughts on the Terrible Pageant of Marijuana Rescheduling ) Even if marijuana is moved into Schedule III, it will still be illegal to buy and sell interstate without a DEA license, and state markets won’t fundamentally change. marijuana operators. law provided that the investment does not involve importing marijuana into the U.S.

Marijuana 108

Marijuana DEA Banking Topical 108

Canna Law Blog

NOVEMBER 3, 2023

They would get similar access to banking, SBA loans, and federal tax treatment, for starters. In short, state-legal marijuana businesses would be treated more like other businesses, outside of the frustrating prohibition on marijuana crossing state lines.

Topical 124

Topical DEA Cannabis State Laws 124

Canna Law Blog

NOVEMBER 20, 2020

The hemp industry has definitely had its fair share of hurdles since legalization – there is uncertainty surrounding the regulatory framework, litigation against DEA , ongoing access challenges to bank and other financial services, and of course, the ripple effects of the pandemic.

Hemp 65

Hemp Business DEA Banking 65

Veriheal

FEBRUARY 21, 2022

Empyreal operates in 28 states, acting as a cash courier for cannabis businesses and their banks. It specifically argues that the FBI and the DEA violated federal law prohibiting the states from spending government money to interfere with legal, medical cannabis businesses in states where medical cannabis dispensaries are legal.

Dispensary 116

Dispensary Business Legalization DEA 116

Cannabis Law Report

SEPTEMBER 20, 2019

They write… In this week’s edition: Plans to vote on cannabis banking legislation announced in both chambers of Congress, with predictions that House will pass the SAFE Act by the end of October. DEA increases the cannabis research quota. Idaho is the home state of Senate Banking Committee Chairman Mike Crapo.

Vaping 40

Vaping Banking Research and Development DEA 40

Cannabis Law Report

JUNE 11, 2021

The most aggressive CPOM state we’ve seen so far is probably New York where recent court cases have really narrowed what an MSO can do when it comes to a PC (including a prohibition on holding or having access to any bank accounts on behalf of the PC).

Law 80

Law Compliance Compliance DEA 80

SpeedWeed

JULY 17, 2021

Legal weed businesses would be able to open bank accounts, access loans, or list on the US stock market. If passed, the bill would transfer most of the regulatory authority over cannabis from the Drug Enforcement Administration (DEA) to the Food and Drug Administration (FDA).

Legalization 52

Legalization Collective Hash Legislation 52