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A new study from an industry advocacy group in California examines the content of dozens of unregulated intoxicating “hemp” products that are easily available in the Golden State despite being banned by statelaw. The study, entitled The Great Hemp Hoax , was released Feb.
According to recent reports, the hemp-derived cannabidiol (“Hemp-CBD”) market is expected to grow by 700 percent by 2020 and grow to $2.1 Given this significant growth forecast, sensitive business information (also known as trade secrets) has become an incredibly valuable asset for Hemp-CBD stakeholders. billion by 2020.
Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with statelaw. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.
House of Representatives just voted to restrict the Department of Justice from interfering with the states that have legalized adult-use marijuana. New York state lawmakers approved legislation on Friday to further expand cannabis decriminalization and expunge certain records. CA resident? DE resident? Legislation is pending, S.
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.
A recent raid of a business selling delta-8 THC products in Gwinnett County, Ga., has sparked litigation in the state. Hemp Grower reports. A recent raid of a business selling delta-8 THC products in Gwinnett County, Ga., has sparked a lawsuit against authorities.
Rod Discusses Legal Challenges Facing Hemp and CBD with The CBD Guide. We discussed a number of topics, including: My first-hand experience with CBD and my path to representing businesses in the cannabis industry. Some of the biggest legal missteps CBD businesses make, and how they can be avoided. June 8, 2021.
Dozens of times per month, I am asked by clients and potential clients whether hemp-derived cannabidiol (“Hemp CBD”) products are legal in California. 3% delta-9 THC and excludes hemp, which is legally defined as the Cannabis sativa L. plant with more than.3% plant with.3% 3% or less delta-9 THC. plant with.3%
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.” However, Washington does not allow for the sale of ingestible hemp products (other than hemp seed ingredients) and SB 5372 does not change that.
The number one question we have received lately is: “do you know a bank or credit union that will bank my hemp-CBD business?” And if a financial institution is indeed banking your hemp-CBD business, they’re certainly doing it at their own risk in the face of the Bank Secrecy Act and federal anti-money laundering laws.
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. Governor Leon Guerrero (D) of Guam signed cannabis legalization legislation into law. CA 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.
State governments and the federal Food and Drug Administration (“FDA”) take wildly different approaches when it comes to Hemp-derived cannabidiol (“Hemp CBD”), and for the most part, the ball is still in the government’s court to actually regulate hemp and Hemp CBD. 1 Making Sure the Hemp is Legal.
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.
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 Agriculture Improvement Act of 2018 (“ 2018 Farm Bill ”) legalized hemp by removing the crop and its derivatives from the definition of marijuana under the Controlled Substances Act (“CSA”) and by providing a detailed framework for the cultivation of hemp. Each Sunday, we summarize a new state in alphabetical order.
On June 19, 2019, at 1:30 PST, the Washington State Bar Association’s Cannabis Law Section will be presenting an online CLE on hemp. I’ll be joined by my esteemed colleagues to shed some light on hemplaws both nationally and here in the Evergreen State. You can register to join us here.
Banking , intellectual property , food and beverage (and cosmetics ), international trade , domestic trade , statelaws , 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.
Specifically, the Texas StateLaw Library explains , The Texas Controlled Substances Act classifies tetrahydrocannabinols (THC) in penalty group 2 for the purposes of criminal penalties. The states legalization of hemp for agricultural purposes has resulted in some low THC marijuana being legal commercially.
Under existing statelaw, medical cannabis oil may contain no more than five percent THC, greatly restricting its therapeutic potential and medical efficacy. 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, 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?
Legislation is pending, House Bill 19-1234, to allow licensed marijuana businesses to deliver both medical and adult use marijuana to private residences. Under statelaw, adults face civil penalties for minor marijuana possession offenses. Click here to email your lawmakers in support of industrial hemp production.
Almost three years since the legalization of hemp production in the United States, the U.S. Food and Drug Administration (FDA) is still in the process of determining the regulatory framework for CBD and other hemp derivatives. 2d 1341 (D. Safety Data Matters. Charlotte’s Web, Inc.
Governor Jay Inslee (D) of Washington signed legislation into law allowing medical cannabis to be accessed by patients on school grounds, and separate legislation allowing the production of industrial hemp in accordance with new federal hemp regulations. Allows veterinarians to administer hemp and CBD products to animals.
A new lawsuit in Georgia seeks a court order declaring that a chemical related to the main intoxicating ingredient in pot is legal under statelaw. The chemical, called delta-8 THC, is mostly synthesized from CBD, a non-intoxicating chemical that’s prevalent in hemp. Read more at: [link].
At the state level, Governor Brian Kemp (R) signed legislation into law to facilitate regulations governing the licensed production and distribution of oils and other products containing limited amounts of plant-derived THC. Governor Laura Kelly (D) of Kansas signed industrial hemp production legislation into law.
Arizona Governor Doug Ducey signed legislation into law this week permitting the production of industrial hemp in accordance with the new federal regulations. Legislation is pending, House Bill 2149, to amend the definition of “cannabis” under the 2010 voter-approved medical marijuana law. AZ resident? California.
Join GLLG shareholder Andrew DeWeese and Allay Consulting principal Kim Stuck for this webinar as they discuss this important certification, and why up-and-coming hemp and cannabis companies may want to investigate getting GMP certified. Andrew founded the Oregon Cannabis Law Group in 2014 and merged with Green Light Law Group in 2019.
As everyone knows by now the 2018 Farm Bill legalized hemp production by de-scheduling the crop under the Controlled Substance Act. We’ve written extensively about federal hemp rules and regulations as well as those in California , Oregon and Washington. We’ve also offered a free webinar on West Coast Hemp CBD. Because money.
The letter responded to a number of questions raised by the Chief regarding hemp. South Carolina, like many other states, regulates the cultivation, handling, and processing of hemp. It distinguishes between raw hemp and “hemp products.” The situation in South Carolina is murky at the moment.
Senate Bill 34 would exempt compassionate care programs from paying state cannabis taxes when they are providing free medical cannabis to financially disadvantaged people living with serious health conditions. Update : SB 34 is scheduled for a hearing in the Senate Committee on Business, Professions, and Economic Development on 4/1/2019.
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.)
On December 3, 2019, four federal agencies, in consultation with state banking regulators, clarified the legal status of hemp growth and production under the Bank Secrecy Act (BSA) for banks 1 providing financial services to hemp-related businesses. state and federal regulation of marijuana. Background.
Legislation is pending, House Bill 847, that seeks to criminalize the possession and transportation of hemp flower in the state. This bill comes after lawmakers passed legislation in 2019 that allows the growing and production of hemp and hemp-derived products, as long as the THC concentration is below 0.3%.
Governor Jay Inslee (D) of Washington signed legislation into law to allow individuals with prior low-level cannabis convictions to apply to the sentencing court to have their record vacated. Governor Kevin Stitt (R) of Oklahoma signed legislation into law to permit the retail sale of hemp and hemp-derived CBD products.
We have written extensively about the FDA’s increasing intolerance for companies making “over the line” health claims about CBD and warned that retailers ought to be concerned about selling hemp-derived CBD in cosmetics. Our human customers are already reaping the benefits of CBD with Curaleaf Hemp.
House of Representatives has for the first time included limited protections for cannabis businesses engaged in the legal marketplaces in 33 states. Governor John Bel Edwards (D) of Louisiana signed legislation into law to allow the production of industrial hemp and hemp-derived CBD products. CA resident?
Consumer products law blog. Class actions against CBD companies proliferate under federal and statelaw. Hemp-derived CBD was legalized in 2018 under the Agriculture Improvement Act of 2018, or Farm Bill. Class actions against CBD companies proliferate under federal and statelaw. Is it worth the risk?
Earlier this year, the Food & Drug Administration disclosed that it would not regulate non-pharmaceutical CBD products, thereby putting the onus on Congress to devise an appropriate regulatory framework for cannabidiol and other hemp-derived cannabinoids. 5 The so-called “hemp” market is no longer predominantly a wellness market.
The structure of the leasing relationship and the terms of the lease are key components, both for getting funds out of the primary business and mitigating your risks, of which there can be many. You also should not use a cannabis lease in place of a hemp lease, and vice versa, because those products are treated completely differently.
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.
Additionally, Representatives Charlie Crist (D-FL) and Don Young (R-AK) introduced The Fairness in Federal Drug Testing Under StateLaws Act to explicitly bar federal agencies from discriminating against workers solely because of their status as a cannabis consumer, or due to testing positive for marijuana use on a workplace drug test.
A notable exception has been the crackdown on Delta-8 THC, which is derived from hemp. Several states, including New York, have moved to ban the manufacture and sale of the substance. But that is only the tip of the iceberg for regulation of hemp and hemp derived substances. It defines hemp as “cannabis sativa L.
Legislation is pending, Senate Bill 225, to amend the state’s existing industrial hemplaw to be in compliance with the new federal hemp regulations. Click here to email your governor in support of industrial hemp production. Click here to email your lawmakers in support of descheduling hemp.
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