This time last year we were trumpeting the arrival of the Farm Bill and making predictions about how that landmark legislation would shape the hemp industry. And even though that seems like only yesterday, the past year...more
On December 3, several federal agencies issued guidance (Guidance) that, by its terms, “provide[s] clarity” regarding “the regulatory requirements under the Bank Secrecy Act (BSA) for banks providing services to hemp-related...more
12/6/2019
/ Agricultural Sector ,
Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
Due Diligence ,
Farm Bill ,
FDIC ,
Financial Services Industry ,
FinCEN ,
Hemp ,
New Guidance ,
OCC ,
Regulatory Agencies ,
Suspicious Activity Reports (SARs) ,
U.S. Treasury
After 10 months of anticipation from the American hemp industry, on October 31, the United States Department of Agriculture (USDA) published its interim final rule (Rule) establishing the regulatory framework for hemp...more
11/5/2019
/ Agricultural Sector ,
Cannabis-Related Businesses (CRBs) ,
Controlled Substances Act ,
DEA ,
Farm Bill ,
Hemp ,
Interim Final Rules (IFR) ,
Interstate Commerce ,
Marijuana ,
Marijuana Cultivation ,
Tribal Governments ,
USDA
The average American consumer has probably noticed an increase in products for sale that include cannabidiol (CBD), a non-psychoactive component of cannabis. These products have seen an exponential increase in popularity,...more
Centuries after American colonists were required by law to grow hemp, and decades after it was later outlawed by Congress, one of the nation’s oldest and most versatile crops appears to be having a moment.
The Jan. 1...more
7/2/2019
/ Banking Sector ,
Cannabidiol (CBD) oil ,
Controlled Substances Act ,
Decriminalization of Marijuana ,
Farm Bill ,
Financial Institutions ,
Hemp ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Risk Mitigation
The United States Department of Agriculture (USDA) has offered much-needed clarity about the manufacture, distribution and sale of hemp and hemp-derived products. The USDA’s recent pronouncement, however, may not be the news...more
6/4/2019
/ Cannabidiol (CBD) oil ,
Cannabis Products ,
Controlled Substances ,
Criminal Convictions ,
Decriminalization of Marijuana ,
Dispensaries ,
Farm Bill ,
Felonies ,
Hemp ,
Interstate Commerce ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Schedule I Drugs ,
Shipping ,
Transportation Industry ,
USDA
Centuries after American colonists were required by law to grow hemp, and decades after it was then outlawed by Congress, one of the nation’s oldest and most versatile crops is poised for a resurgence. The 2018 Farm Bill,...more
2/25/2019
/ Agricultural Sector ,
Cannabidiol (CBD) oil ,
Controlled Substances Act ,
Decriminalization of Marijuana ,
Department of Agriculture ,
Farm Bill ,
Food and Drug Administration (FDA) ,
Hemp ,
Investors ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Regulatory Oversight ,
Research and Development