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?

Legislation 194

Legislation Patients Access Seed-To-Sale 194

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.

Banking 52

Banking Hemp Business Access 52

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. Update : HB 1383 was heard and approved by the Committees on Judiciary and Public Safety, Intergovernmental, and Military Affairs on 3/19. Click here to email your lawmakers in support of banking access.

Legislation 166

Legislation Hemp Patients Compliance 166

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%

THC 81

THC Hemp DEA Banking 81

Cannabis Law Report

DECEMBER 14, 2021

monetary banking protocols in banking cannabis and hemp operations. This honor is part of a financial services certification program overseen by the Policy Center for Public Health & Safety (PH&S) in collaboration with state attorneys general. ALBUQUERQUE, N.M. , Dec.

Banking 52

Banking Hemp Compliance Compliance 52

The Blunt Truth

MAY 15, 2020

The big news this week is that cannabis banking is included in the latest federal relief bill. cannabis banking. Whether the Senate will retain this language, considering that they have taken no action on the SAFE Banking Act, is not certain. SBA funds, however, are not. There’s also lots of state news. ” sba loans.

Banking 106

Banking Research and Development Programs Advocacy 106

Cannabis Law Report

DECEMBER 19, 2019

He’s demanding more studies and much tighter rules around banking and the crop. Chairman Crapo Outlines Concerns with Cannabis Banking Legislation. Requests feedback on potential changes to address public health and safety issues. I also do not support the SAFE Banking Act that passed in the House of Representatives. .

Banking 71

Banking Legalization Safety Research and Development 71

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

Last week, the National Credit Union Administration (NCUA) issued interim guidance stating that federally insured credit unions may provide certain financial services to legally operating hemp businesses. The need for cannabis businesses to have access to banking services continues to gain federal support.

Banking 40

Banking Hemp Marijuana Events 40

NORML

FEBRUARY 15, 2019

The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses. Click here to email your lawmakers in support of industrial hemp production. This was a big week for marijuana in Congress.

Legislation 190

Legislation Hemp Compliance Compliance 190

Cannabis Law Report

SEPTEMBER 25, 2019

House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act 321-103. Neal Levine of the Cannabis Trade Federation states … The bipartisan SAFE Banking Act ( H.R.1595 It aims to address the state-legal cannabis industry’s lack of access to banking and other financial services.

Banking 55

Banking Safety Compliance Compliance 55

Cannabis Law Report

JANUARY 3, 2022

Hemp Industry Daily Report. Here’s a breakdown of seven federal bills on the docket – plus one state measure – and a look at why they’re important to hemp farmers and business owners. CBD Product Safety and Standardization Act of 2021. Hemp Access and Consumer Safety Act. Hemp champion Sen.

Hemp 52

Hemp Packaging Banking Food 52

SpeedWeed

FEBRUARY 15, 2019

Six years after introducing the Secure and Fair Enforcement (SAFE) Banking Act, a cannabis banking reform measure, co-author Denny Heck finally saw it enjoy its first committee hearing in Congress on Wednesday. Here’s How Cannabis Companies Are Banking Legally on the Down Low. “We are all late,” Rep. .

Banking 53

Banking Dispensary Safety Seed-To-Sale 53

Cannabis Law Report

APRIL 25, 2022

” The Public Health & Safety Cannabis Financial Service Certification helps law enforcement and state regulators distinguish legal cannabis operators from illicit. monetary banking protocols among cannabis and hemp operators as well as those who are meeting good manufacturing practices. Helping our world work better.

Hemp 52

Hemp Banking Safety Compliance 52

Cannabis Law Report

SEPTEMBER 29, 2021

Hemp Roundtable made a lot of national news noise – and it’s no wonder, given the all-star lineup that joined the Roundtable in its virtual DC “fly-in.” The membership subsequently met with the USDA’s new Hemp Work Group, and White House officials that serve the President on agriculture and drug control policy.

Hemp 52

Hemp Banking Legislation Policy 52

Cannabis Law Report

FEBRUARY 14, 2020

Mike Crapo urging him to support the SAFE Banking Act and hold a markup in the Senate Banking Committee. . The House of Representatives passed the SAFE Banking Act by a vote of 321-103 in September, with 91 Republicans voting in favor. Without banking services, U.S. This is not a partisan issue, or a regional issue.

Banking 45

Banking Safety Environment Business 45

Greenspoon Marder Cannabis Law Group Blog

SEPTEMBER 25, 2019

House of Representatives is expected to vote on the Secure and Fair Enforcement Banking Act of 2019 (the “SAFE Banking Act”) today. In light of these concerns, most banks have denied cannabis-related businesses access to bank accounts and other financial services.

Banking 40

Banking Hemp Safety Business 40

Cannabis Law Report

JUNE 21, 2021

Here’s their letter to the Chair and Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee. The inability of these state-legal entities to bank their significant cash reserves is an issue of public safety. The bill also provides protections for hemp and hemp-derived CBD related businesses.

Banking 51

Banking Legislation Safety Dispensary 51

Veriheal

AUGUST 14, 2023

In a recent controversial move, Mastercard issued a directive to United States banks, ordering them to block cannabis purchases on its debit cards. This new mandate struck a chord because, unlike credit cards, debit cards are linked directly to an individual’s bank account. THC by dry weight.

Banking 98

Banking Dispensary Recreational Cannabis 98

Cannabis Law Report

SEPTEMBER 12, 2021

Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup. Hood Remarks at the PBC Conference 2021: Payments, Banking, Compliance in the Cannabis Industry. Here’s his full presentation. September 2021. NCUA Board Member Rodney E. Board Member Rodney E.

Banking 89

Banking Law Legalization Hemp 89

Greenspoon Marder Cannabis Law Group Blog

JULY 26, 2019

On Tuesday July 23, 2019, the United States Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing to discuss national safety implications relating to federal regulations that force cannabis businesses to operate on a cash basis. And that puts them and the Americans they do business with at risk. .

Banking 40

Banking Cannabis Business Safety 40

Cannabis Law Report

NOVEMBER 7, 2019

A press release issued by Folium April 3, 2019 said Dowty had served as a strategic advisor to create Folium Finance, a collection of financial products and services designed as a new means for cannabis start-ups to get banking services from non-traditional banks. Craig Brand, Lawyer. .

Hemp 104

Hemp Research and Development Banking CBD 104

Cannabis Law Report

NOVEMBER 15, 2021

Lab Testing and Product Safety. Banking, Finance, and Taxation. Cannabinoid Hemp. Impaired Driving and Traffic Safety. Social and Economic Equity. Medical Use and Research. Public Health and Data Monitoring. Public Education. Packaging, Labeling, and Advertising. Environment and Energy. Federal Engagement.

Compliance 98

Compliance Compliance Programs Topical 98

The Blunt Truth

OCTOBER 29, 2019

Plus, the USDA just issued an interim rule for hemp production. USDA Issues Proposed Rule for Hemp Production. The 2018 Farm Bill, which federally legalized hemp (formerly a Schedule I drug like its close cousin, marijuana), opened the gates for mass hemp production—well, almost. those with THC levels above 0.3%).

Hemp 45

Hemp Legislation CBD Research and Development 45

Illinois News Joint

DECEMBER 17, 2024

CBAI listed five key points, including increasing diversity, regulating intoxicating hemp, lowering taxes, regulatory changes, and expanding access. REGULATE INTOXICATING HEMP The proliferation of intoxicating hemp products is undermining Illinois carefully crafted legal cannabis market.

Legalization 98

Legalization Dispensary Programs Hemp 98

SMPL

MAY 15, 2020

As you likely know, the federal SAFE Banking Act would make it easier for cannabis businesses to secure banking access. We believe the strongest new argument among Republicans is that banks need the currency to lend out to other businesses in need. Here’s where we see things at the moment: In the House. In the Senate.

Banking 40

Banking Packaging Safety Business 40

Cannabis Law Report

JANUARY 11, 2019

Hemp Roundtable, Frost Brown Todd, Lexington, KY. Hemp Roundtable, Amin Talati Upadhye, Washington, DC. . Upon the December 20, 2018 signing of the 2018 Farm Bill, the era of hemp prohibition is over. federal law protects the retail sale of hemp-derived CBD. . Jonathan Miller , General Counsel to the U.S.

Hemp 49

Hemp CBD Law Seed-To-Sale 49

Cannabis Law Report

DECEMBER 16, 2021

AB 45: California hemp legalization. It also amends the definition of Industrial Hemp to include cannabis plants and ANY part of that plant with THC concentration of no more than 0.3%. Both sides of the aisle support cannabis reform, with multiple federal bills seeking to address everything from banking to social justice.

Law 98

Law Supply Chain Banking Cultivation 98

Cannabis Law Report

APRIL 5, 2022

This included both the Porsche and Lamborghini that had to be turned over to David Brockway at 5star Bank by 2pm on February 15th. 5star Bank also issued Folium one of its $2 million PPP loans, which government records show Folium says was used to retain around 200 employees during Covid-19 lockdowns. . Kashif Shan. 5Star Stip.

Banking 52

Banking Extraction Law Safety 52

Cannabis Law Report

SEPTEMBER 24, 2019

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.

Banking 40

Banking Law Compliance Compliance 40

Cannabis Law Report

DECEMBER 21, 2019

The CEO of Folium Biosciences, Kashif Shan, is accused of violating a cease and desist order issued by the Colorado Spring fire department who had attempted to shut down the company’s CBD extraction plant because a host of regulations and safety codes were being ignored by the company and its senior management team. 3% or less of THC.

Hemp 94

Hemp Seed-To-Sale Extraction THC 94

Otherside Farms

FEBRUARY 14, 2019

A long time ago, the great country of North America, the United States, was in love with industrial hemp. We all know that, in addition to the candles of Christopher Columbus, the American flag and the papers with which he declared his independence were made with hemp fiber. billion of those sales in hemp-derived CBD products.”.

CBD 65

CBD Legalization Hemp Chronic Pain 65

Cannabis Law Report

JUNE 28, 2021

Dan Roda is co-founder and CEO of Abaca, a digital financial platform connecting cannabis businesses with bank accounts, payment processing, lending, and more. for cannabis and hemp industries. Full name: Daniel Jonathan Roda, however, he goes by Dan Roda. To me, this represents more than just the growth of our company.

Banking 66

Banking Access Hemp Business 66

Sensi Seeds

NOVEMBER 28, 2018

Spain’s cannabis market is a diverse mix of Spanish and foreign-owned companies selling everything from seeds, fertilizer and grow lamps to hemp-infused beers and CBD tinctures, oils, and creams. According to the 2018 Hemp & CBD Industry Factbook , CBD sales in the states could exceed $1 billion by 2020.

CBD 71

CBD Seed-To-Sale Food Research and Development 71

Cannabis Law Report

JUNE 22, 2022

As the FDA acknowledges, “Delta-8 THC is one of over 100 cannabinoids produced naturally by the cannabis plant” [1] , but its natural presence in Cannabis and the fact that it can be derived from federally legal “Industrial Hemp” does not make legal or safe in the eyes of the federal government or state lawmakers. 2] Sounds scary, right?

Banking 52

Banking Hemp THC Cannabinoids 52

Cannabis Law Report

FEBRUARY 26, 2020

Folium, who uses the llc name Whole Hemp Company, was financed by investments from private individuals and a few family funds, according to Folium’s records. Cannabis Law Report previously reported on Folium violating safety and building regulations which included the storage of dangerous chemicals and was fined for it.

CBD 100

CBD Seed-To-Sale Hemp Extraction 100

Cannabis Law Report

DECEMBER 23, 2019

To kick us off, hemp was legalized at the federal level, and we entered into unchartered territory, navigating uncertain waters of the newest arm of the cannabis industry with a lack of regulation or guidance. We also started 2019 with the legalization of hemp and the journey to develop what that means for CBD companies and consumers alike.

Law 59

Law Banking Hemp Retail 59

SpeedWeed

APRIL 2, 2021

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

Education 40

Education Banking Hemp Compliance 40