Canna Law Blog

JANUARY 16, 2019

We have spilled a lot of ink on this blog related to the 2018 Farm Bill , which legalized hemp at the federal level. This blog post is going to cover financial institutions and hemp at about 10,000 feet. Going forward, hemp will be subject to stiff regulation at the state and federal levels. It’s huge news. Seems easy, right?

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Banking Hemp Environment Access 84

Cannabis Law Report

JANUARY 21, 2021

The world of banking Cannabidiol (CBD) businesses is a chaotic one. Despite the legalization of hemp and hemp-derived products under… Read More. The post CBD Banking: Three Trends and Predictions for 2021 first appeared on Cannabis Law Report.

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Banking CBD Hemp Business 105

Canna Law Blog

MAY 26, 2019

Looks like marijuana banking is stuck, again. The banking associations from all 50 states and 1 U.S. territory sent a joint letter to leaders of the Senate Banking Committee on Monday, to urge advancement of bipartisan legislation that would protect financial institutions that service marijuana businesses.

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Banking Marijuana Safety Legislation 108

Cannabis Law Report

AUGUST 17, 2022

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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Banking Access Research and Development Compliance 98

NORML

APRIL 5, 2019

Governor Janet Mills (D) of Maine signed legislation into law to allow the production and retail sale of hemp-derived CBD products. Governors Doug Burgum (R) of North Dakota and Henry McMaster (R) of South Carolina signed industrial hemp production legislation into law. Click here to email your lawmakers in support of banking access.

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Legislation Banking Hemp Compliance 204

Cannabis Law Report

FEBRUARY 13, 2021

Here’s the introduction to a piece written by Jessica Caballero, CRCM, CERP for the ABA Banking Journal Industrial hemp is… Read More. The post Article: Initiating a Hemp Banking Program first appeared on Cannabis Law Report.

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Banking Programs Hemp Law 59

Cannabis Law Report

JULY 1, 2021

Cannabis banking options are still quite limited for marijuana entrepreneurs, despite 36 states legalizing medical marijuana and 17 states permitting recreational adult use, according to the National Conference of State Legislatures. Are there cannabis-friendly banks? Compare 5 cannabis-friendly banks and credit unions.

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Banking Compliance Compliance Business 84

Cannabis Law Report

JULY 30, 2020

As the hemp-related product industry continues to grow, institutional lenders now have clarifying guidance to consider as they conduct diligence regarding potential borrowers. Specifically, the … Read More.

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Hemp Banking Business 94

Canna Law Blog

SEPTEMBER 26, 2019

Back in March, former Food and Drug Administration (“FDA”) Commission, Scott Gottlieb, explained it would take several years for the agency to come up with rules that would legalize the use of hemp-derived cannabidiol (Hemp-CBD) in food products, unless Congress stepped in.

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Hemp Law CBD Banking 100

NORML

FEBRUARY 22, 2019

Arizona Governor Doug Ducey signed legislation into law this week permitting the production of industrial hemp in accordance with the new federal regulations. Senate Bill 1003 / House Bill 2273 to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. AZ resident?

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Legislation Hemp Compliance Compliance 192

Cannabis Law Report

AUGUST 9, 2021

Welcome to our weekly roundup of CBD and hemp-related legal and regulatory news: CBD. CBD brands: Altwell, Charlotte’s Web, Columbia Care, Healer, Lord Jones, Maven Hemp, MD Farma, Peels, Prospect Farms, Puraura Naturals from Enhanced Botanicals, Rae Wellness, Trokie and Verséa Wellness. CStore Decisions. Agri Pulse.

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Hemp CBD Legalization Edibles 105

Cannabis Law Report

JUNE 8, 2021

Rod Discusses Legal Challenges Facing Hemp and CBD with The CBD Guide. Some of the biggest legal challenges that cannabis businesses face, such as the lack of access to banking, and merchant processing. Some of the biggest legal challenges that cannabis businesses face, such as the lack of access to banking, and merchant processing.

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Hemp CBD Legalization Banking 105

Cannabis Law Report

AUGUST 19, 2021

The Fiji Times reports… Works have already commenced by the Fijian Government in its study of growing industrial hemp as an alternative form of agricultural produce. Some countries of course are producing hemp for medicinal purposes, which actually has higher levels of THC.

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Hemp Agriculture THC Banking 105

NORML

JUNE 14, 2019

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. Legislation is pending, House Bill 459, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations.

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Legislation Banking Access Hemp 181

Cannabis Law Report

JULY 23, 2020

Expanding on its hemp exchange, cryptocurrency and cooperative farming program, Swissx is offering microloans for land and equipment in the Golden State Malibu, CA, July … Read More.

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Programs Banking Hemp Cannabis 86

Greenspoon Marder Cannabis Law Group Blog

AUGUST 7, 2019

Larry Smart, professor in the Horticulture Section of the School of Integrative Plant Science at Cornell University, in a greenhouse examining industrial hemp. industrial hemp germplasm repository, or seed bank, was recently announced by New York State Senator Charles Schumer. Photo Credit: Justin Muir/Cornell University.

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Banking Hemp Research and Development Supply Chain 53

NORML

MARCH 29, 2019

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. It now awaits consideration by the U.S.

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Legislation Decriminalization Hemp Patients 195

Cannabis Law Report

FEBRUARY 26, 2021

THE PRICE – Free THE DATE – Thursday, March 18, 2021 THE RATING – THE BLURB – Hemp and CBD… Read More. The post Key Banking and Credit Card Processing Issues that All Hemp Businesses Must Get Right. first appeared on Cannabis Law Report.

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Banking Hemp Business CBD 59

Cannabis Law Report

JUNE 22, 2019

Will hemp taint your banking relationship? . Farmers across the country have started growing hemp under the 2014 farm bill while the regulations for the 2018 farm bill are sorted out by the USDA and state departments of agriculture. If you wish to re-publish this story please do so with following accreditation.

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Banking Hemp Business Agriculture 45

Cannabis Law Report

DECEMBER 4, 2019

Despite the 2018 US Farm Bill clearly permitting financial transactions in the hemp industry, many banks and other financial institutions have been slow to participate, blaming their fear of the risk of federal regulatory crackdowns.

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Banking Hemp Advocacy Business 45

Cannabis Law Report

FEBRUARY 5, 2020

The “Roadmap to Cannabis Banking & Financial Services”, aims to increase the number of financial service providers in Colorado who serve the state’s legal marijuana and industrial hemp industries. 1595, the Secure and Fair Enforcement Act of 2019 (SAFE Banking Act). Roadmap to cannabis banking_January 2020. “As

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Banking Safety Business Cannabis 69

Cannabis Law Report

JULY 3, 2020

On June 29, 2020, the Financial Crimes Enforcement Network (FinCEN) released guidance (the “Guidance”) on the Bank Secrecy Act (BSA) and anti-money laundering (AML) obligations … Read More.

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Hemp Banking 98

NORML

JUNE 23, 2019

Governor John Bel Edwards (D) of Louisiana signed legislation into law to deschedule hemp and hemp-derived CBD from the state’s list of controlled substances. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of industrial hemp production. CA resident?

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Legislation Hemp Decriminalization Agriculture 207

The Blunt Truth

SEPTEMBER 10, 2019

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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Hemp Business Compliance Compliance 78

The Blunt Truth

MARCH 12, 2020

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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Banking Chronic Pain Hemp Decriminalization 105

The Blunt Truth

MAY 21, 2020

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. Arizona and Nebraska legalization efforts are hit by the pandemic. massachusetts. and finally.

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Banking Collective Recreational Hemp 115

Cannabis Law Report

DECEMBER 3, 2019

The number of banks in the United States willing to lend to hemp producers can be counted on one hand. Federal and state bank regulators announced Tuesday that they were scrapping a burdensome requirement that banks said kept them away from the hemp business. That is about to change. Read full article [link].

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Banking Hemp Business Legalization 53

Cannabis Law Report

MARCH 8, 2022

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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Banking Hemp Business Access 52

Cannabis Law Report

DECEMBER 11, 2019

Mertz , is being accused of civil theft and conspiracy for keeping hundreds of thousands of dollars from the sale of unhealthy hemp clones to a Colorado farm and then using that money to improve his hemp farm infrastructure so the two year old farm could be flipped and sold. National Hemp Exchange was started in Monte Vista, CO.

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Hemp Seed-To-Sale Strains Banking 98

Canna Law Blog

AUGUST 23, 2019

Commercial marijuana activity remains a federal crime, and the Bank Secrecy Act (“BSA”) generally prohibits financial institutions from accepting marijuana-generated dollars. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

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Hemp Business Cultivation Banking 85

Cannabis Law Report

DECEMBER 12, 2019

United States: Bank On Hemp: Federal Banking Regulators Loosen The Reins. On December 3, 2019, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (“FDIC”), the Financial Crimes Enforcement Network… United States: Feds Issue Badly Needed Hemp And CBD Banking Guidance.

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Banking Hemp Law Collective 45

NORML

MARCH 8, 2019

This week, a bipartisan coalition of more than 100 co-sponsors has reintroduced legislation in Congress, The Secure and Fair Enforcement Banking Act (SAFE Banking Act), HR 1595, to allow state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions. AR resident?

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Legislation Patients Access Seed-To-Sale 194

Canna Law Blog

MAY 14, 2019

Banking , intellectual property , food and beverage (and cosmetics ), international trade , domestic trade , state laws , ag production contracts , etc., When it comes to industrial hemp, the 2018 Farm Bill upended all of these things. All told, the amount of private capital flowing into hemp and hemp-CBD is extraordinary.

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Hemp CBD Policy Banking 87

Canna Law Blog

MARCH 22, 2019

Department of Agriculture (“USDA”) held a public meeting during which hemp stakeholders shared their opinion on the promulgation of rules to regulate the crop. Specifically, the federal agency is to review and approve “plans” submitted by states and Indian tribes that choose to hold primary regulatory authority over hemp.

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Hemp Supply Chain Agriculture Banking 76

Medicinal Genomics

NOVEMBER 5, 2019

Last week the USDA issued its much-anticipated interim final rule for hemp manufacturing. In a conference call, the USDA further clarified that hemp samples should only include flower and could be as little as the top 2” of the upper-most flower. . The language in the 2014 Farm Bill classified hemp as cannabis with less than 0.3%

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THC Hemp DEA Banking 81

NORML

MARCH 22, 2019

House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. Senate Bill 1353 seeks to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. Click here to email your lawmakers in support of banking access.

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Legislation Hemp Patients Compliance 167

Cannabis Law Report

OCTOBER 20, 2021

On this episode of the Lancaster Farming Industrial Hemp Podcast, we talk to Ashley Hess from Jonestown Bank & Trust. She is a certified cannabis banking professional, and she gives good advice on how to navigate the tricky waters of cannabis banking. Listen to the podcast at.

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Banking Hemp Cannabis 52