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While most cannabis and hempbusinesses understand that they must follow a set of guidelines and implement certain quality control factors into their daily operations, many do not understand the depth of compliance and documentation needed to meet all state and federal requirements.
Is cannabis legal for business purposes in Australia? Industrial hemp (low-THC cannabis) is regulated under separate licensing frameworks in most Australian jurisdictions. Laws apply to business activities of all kinds at the local government level. What are the penalties for violating cannabis business laws?
Surprising no one, recent findings show that most hemp in Oregon runs hot. This hemp is often sold and marketed online without age verification, in packaging attractive to minors, or at unlicensed retail stores. The technical report at issue runs 45 pages, and covers marijuana as well as hemp. Not a great look overall.
Tommy Corbyn son of UK Labour party leader Jeremy Corbyn has gone into receivership with debts of £100K with his hemp company National Hemp Service “NHS” Accusations are flying about but at the moment simple mismanagement appears to be the issue. Tommy Corbyn – National Hemp Service – Last Tweet August 2019.
HEMP ROUNDTABLE ANNOUNCES DIVERSE, INFLUENTIAL SLATE OF 2021 NATIONAL OFFICERS. Hemp Roundtable, the hemp industry’s national business advocacy organization, today announced the addition of Hannah Johannes, Natasha Cuda, and James Shorris to its roster of officers for 2021. ABOUT THE US HEMP ROUNDTABLE.
We’ve been writing a lot lately about recent major changes in federal hemp laws that will likely affect every hemp company in the United States (see here , here , and here ). ” A business derives at least 50 percent of its annual revenues from selling consumers’ personal information. This is a mouthful.
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.
Also this week, the House Committee on Small Business held a hearing to discuss the economic and employment opportunities in the emerging legal cannabis industry and the challenges that federal prohibition and criminalization pose in regards to the Small Business Administration. CA resident? Update : S. NC resident? New Jersey.
introduced a never-before-seen bill—the Capital Lending and Investment for Marijuana Businesses Act (“the CLIMB Act”). What Business Services Would the CLIMB Act Protect? 8200 intends for a broad interpretation so that cannabis and cannabis-related companies are put on an even playing field with traditional business operations.
This Act amends the Controlled Substances Act to reduce the number of instances in which federal law enforcement agencies could carry out legal actions against state-licensed cannabis businesses or other related enterprises. Update : SB 34 was approved by the Senate Business, Professions and Economic Development Committee on 4/3/19.
Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts. That is changing.
On November 20th, the Washington State Department of Agriculture (“WSDA”) released the hemp cultivation plan (the “Plan”) that it intends to submit to the US Department of Agriculture (“USDA”) along with a corresponding set of hemp regulations (“Hemp Rules”). This post will provide an overview of Washington’s hemp plan.
Governor Laura Kelly (D) of Kansas signed industrial hemp production legislation into law. Update : AB 286 is scheduled for a hearing in the Assembly Business And Professions Committee on 4/23/19. Update : Ab 1465 is scheduled for a hearing in the Assembly Business And Professions Committee on 4/23/19. CA resident? CA resident?
Legislation is pending, House Bill 213, to establish an industrial hemp program to be in compliance with the new federal hemp regulations. Click here to email your lawmakers in support of industrial hemp production. Click here to email your lawmakers in support of industrial hemp production. GA resident?
The measure would require the Department of Health and Senior Services to prioritize licensing applications submitted by women and minority owned business applicants. 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.
On April 16, 2021, Governor Jay Inslee signed Senate Bill 5372 (SB 5372), “An Act relating to hemp processor registration and a hemp extract certification into law.” SB 5372 went into effect on July 25, 2021, and creates a voluntary registration and certification program that hemp processors can opt-in to in the Evergreen State.
House of Representatives’ Small Business Committee will hold a hearing on Wednesday on the challenges and opportunities small businesses face in the cannabis industry. Update : SB 34 was heard and approved by the Assembly Business And Professions Committee on 6/11/19. CA resident? CA resident? NH resident? North Carolina.
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?
On October 12, 2019, Governor Newsom announced that he had signed SB-153 , a bill aimed at making significant changes to California’s hemp cultivation law. As I’ve written before , the bill is a major change for California hemp laws for the following reasons: The bill adds a new definition of “industrial hemp”.
VINEYARD, Utah–(BUSINESS WIRE)– #CBD –Dynamic Blending Specialists just became certified by the U.S. Hemp Authority. Hemp Authority® Certification Program is the industry initiative to provide high standards, best practices, and self-regulation, giving consumers and retailers confidence in hemp and CBD products.
Department of Agriculture (USDA) published its interim final rules for the production of hemp under the 2018 Farm Bill. Our firm has provided a broad overview of the rules and written about the potential impact of the testing rules on the hemp industry. The EIN number of the business entity. Who is a key participant?
Hawaii has put forth new regulations surrounding the cultivation of hemp, a class of cannabis plants that contain 0.3% When it comes to hemp—and the world of cannabis in general—frequent and chaotic changes are the name of the game. The History of Hemp Regulations in Hawaii. The Newest Hemp Regulations in Hawaii.
Back in September 2018, I wrote about how important it was for hempbusinesses to carefully plan the routes they would use to ship hemp and hemp products, including hemp-derived CBD. This is because some states are hostile towards hemp and do not recognize a difference between hemp and marijuana.
Here’s their press release in full…… DeJoy, Knauf & Blood LLP Launches Cannabis and Hemp Advisory Practice. DKB’s expertise and experience with other regulated industries, especially the alcoholic beverage market, can help make sure businesses get it right. ROCHESTER, N.Y., ROCHESTER, N.Y.,
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. But still, many financial institutions have been hestitant when it comes to servicing hemp clients.
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. HI resident? MT resident? New Hampshire.
Despite access to sustainable packaging alternatives such as hemp, plastic packaging remains the preferred material for packaging cannabis products. Many believe that hemp-based packaging could be a solution to the plastic problem in the cannabis industry—so why isn’t it being used more widely?
meeting, Illinois State Representatives Lakesia Collins, La Shawn Ford, and Cyril Nichols announced they will invite fellow lawmakers, impacted businesses, advocates, and other stakeholders to come together to develop a comprehensive plan for safe regulation of delta-8 and other similar intoxicating hemp products in Illinois.
Legislation is pending, Senate Bill 51, to assist financial institutions in safely conducting transactions with licensed cannabis businesses. House Bill 491 would regulate industrial hemp production as well as allow the production and retail sale of hemp-derived CBD products. CA resident? LA resident? LA resident? NV resident?
If you’ve been following the hemp scene in Washington state, you know it’s been a bit of a roller coaster. The latest “drop” comes in the form of an August 1 memo from the Washington State Department of Agriculture (“WSDA”) titled Restrictions on the use of hemp CBD as a food ingredient.
Department of Agriculture held a hemp listening session this week as regulators work to establish rules and regulations for production. At the state level, activists in Idaho have begun efforts to qualify a medical cannabis and hemp ballot initiative for the 2020 ballot. The bill will now be transmitted to the governor. AR resident?
Today, we further explore this issue and discuss how it is affecting industry players’ ability to export and import hemp and hemp products to the Beaver State. In addition, the ODA rules state that “[a] registrant may not sell an industrial hemp product that contains more than 0.3 percent tetrahydrocannabinol ” (emphasis added).
Update : SB 34 is scheduled for a hearing in the Senate Committee on Business, Professions, and Economic Development on 4/1/2019. Senate Bill 1353 seeks to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. CA resident? HI resident? IL resident? KS resident?
With the passage and signing of Assembly Bill 533, Nevada created the Cannabis Compliance Board (CCB). provisions governing the sales of products and commodities made from hemp. provisions governing the sales of products and commodities made from hemp. 1] NRS 678A.390. 2] [link]. [3] 3] [link]. [4] 4] NRS 678A.360 360 (5)-(9).
Earlier this week, I wrote about how hempbusinesses should not yet rely on the 2018 Farm Bill to protect them from their products being seized. As such, the cultivation of hemp is still governed by the 2014 Farm Bill, which allows state departments of agriculture to license the cultivation of industrial hemp.
Legislation is pending, House Bill 19-1234, to allow licensed marijuana businesses to deliver both medical and adult use marijuana to private residences. House Bill 300 would allow Idaho to regulate industrial hemp production in addition to allowing for the transportation of hemp throughout the state. CO resident? ID resident?
Because they are held to consistent standards and must prove compliance with these standards, companies which obtain GMP certifications can often present stronger acquisition targets. Kim Stuck is the founder and CEO of Allay Consulting , a compliance strategy and services provider serving the hemp and cannabis industries nationwide.
While Oregon legalized hemp production in 2015, the Beaver State has seen a huge influx of hemp grower and handler registrations since the enactment of the 2018 Farm Bill , which legalized hemp under federal law. Many of our hemp clients have been asking how these rules would impact their businesses.
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? AR resident?
–(BUSINESS WIRE)–Hemp, CBD, THC-cannabis and psilocybin compliance consulting firm Allay today announced a first-of-its-kind partnership with Cannabis Connect Insurance (CCI) to offer discounted rates to cannabis companies working with Allay to gain critical safety certifications. “In PORTLAND, Ore.–(BUSINESS
DENVER–(BUSINESS WIRE)– #CBD — Agricor and Botanacor – sister lab-service companies – today announced the appointment of Miles Lanning as the new Vice President of Quality Assurance and Regulatory Affairs for both companies. As of today, Botanacor is Colorado’s only certified hemp laboratory.). About Botanacor.
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?
State/Federal agencies accept the certification model as the compliance standard, as well as for applying risk-mitigating strategies. Eagle Federal Credit Union earned a certification in safe monetary banking protocols that establishes high levels of compliance standards and risk-mitigating strategies for banking cannabis and hempbusinesses.
The FDA site has helpful guidance on products that contain hemp and/or CBD in the United States.”. Shopify also requires all users to complete an Attestation for the Sale of Hemp and Hemp-Derived Products, for which it again urges users to consult with an attorney for legal guidance. cosmetics, dietary supplements, etc.)
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