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

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

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

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 Is it cost savings, increased sales, less waste, safety, all the above? ‍ Mark Diener : Yeah, that’s a good point, Ed. At first, there was a lot of skepticism.

Extraction 52

Extraction Data Hemp Research and Development 52

Cannabis Law Report

AUGUST 5, 2021

Regulatory authority would move from the DEA to the FDA, but also the ATF and the Alcohol and Tobacco Tax and Trade Bureau (TTB). There will also be a role for the Treasury and the Consumer Product Safety Commission. There are no provisions on banking, but making cannabis legal should remove money laundering issues.

Banking 111

Banking Vaping Education DEA 111

Veriheal

DECEMBER 1, 2022

CRO Financial Services: The SAFE Banking Act. The SAFE Banking Act was introduced in 2019 and has passed the House seven times, but it still needs to make it to the Senate floor. Throughout the years, the SAFE Banking Act has been revised and is now referred to as the SAFE Banking Plus Act.

Access 111

Access Banking Policy Legislation 111

Canna Law Blog

NOVEMBER 16, 2021

This includes bills on banking (see the SAFE Banking Act , which has passed the House no less than five times) and overall federal legalization (see the MORE Act as well as its sister Senate legislation, the Cannabis Administration Opportunity Act (“CAOA”)). The enforcement role moves from DEA to ATF.

DEA 98

DEA Business Banking Food 98

Veriheal

FEBRUARY 21, 2022

Empyreal operates in 28 states, acting as a cash courier for cannabis businesses and their banks. These seizures don’t stop crime or improve public safety; they just enrich these agencies, which get to split the proceeds from civil forfeiture. The armored car was driving into Barstow via a Mojave Desert freeway back in November 2021.

Dispensary 116

Dispensary Business Legalization DEA 116

Puff Puff Post

NOVEMBER 11, 2019

Following his announcement of a new “war on drugs” in 1971, Richard Nixon created the Drug Enforcement Administration (DEA) in 1973. The DEA is responsible for curbing narcotic use and the illicit drug trade, and enforcing the Controlled Substances Act (CSA), also signed into law by Nixon in 1970. Schedule 1. Psilocybin. Schedule II.

DEA 53

DEA History Legislation Banking 53

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

Cannabis Law Report

DECEMBER 1, 2019

1595 [the Secure And Fair Enforcement (SAFE) Banking Act of 2019] was introduced to increase public safety by expanding financial services to marijuana-related legitimate businesses and service providers and reducing the amount of cash at such businesses. The taxpayers in Feinberg v. Comm’r (T.C.

Marijuana 59

Marijuana Business State Laws DEA 59

Cannabis Law Report

SEPTEMBER 19, 2019

From where I am sitting, however, it seems highly unlikely that the same grey-haired Congress that hasn’t yet managed to pull it together on a simple banking bill is all of a sudden going to rise up and legalize the leaf nationwide as its Christmas gift to the nation. Reason #1: Police confused on how to distinguish the difference between?

Vaping 55

Vaping Hemp Education Patients 55

Cannabis Law Report

MARCH 25, 2019

The DEA has made previous requests–in 2001 and 2006–to the FDA for an evaluation of marijuana. But DEA regulators determined after both of those reviews that marijuana should remain a Schedule I substance. 1960), and the BSA. Preventing marijuana possession or use on federal property. .

Banking 45

Banking Law Marijuana State Laws 45

The Joint Blog

JUNE 2, 2020

Tom previously discussed his intention to provide financial services to minority- and women-owned marijuana companies through his and his wife’s community bank. The issue of legalization is left to the state, taking the health and safety of the public into account. During her speech on Feb. Tulsi Gabbard Rep.

Decriminalization 29

Decriminalization Recreational Advocacy Policy 29