News & Analysis as of

U.S. Department of Agriculture Hemp Related Businesses Controlled Substances Act

King & Spalding

Congressional Crack Down on Hemp Loophole? Significant Changes Loom for Hemp Industry

King & Spalding on

The House Committee on Appropriations approved legislation that would prohibit the production, distribution, and sale of hemp-derived delta-9 tetrahydrocannabinol (“THC”) and related cannabinoids at the federal level. If the...more

Snell & Wilmer

Ownership and Financial Interest Issues in Cross-Borders Cannabis and Hemp Transactions

Snell & Wilmer on

The legalization of cannabis in Canada at a time when the Controlled Substances Act still applies in the United States has created a unique situation where Canada’s stock exchanges are attractive for United States cannabis...more

White & Case LLP

Hemp Businesses and Financial Institution Due Diligence

White & Case LLP on

On June 29, 2020, the Financial Crimes Enforcement Network (FinCEN) issued guidance explaining how financial institutions can conduct due diligence for hemp-related businesses and identifying the type of information and...more

White & Case LLP

Federal Banking Agencies Open a Pathway to the Provision of Banking Services to Hemp-Related Businesses

White & Case LLP on

On December 3, 2019, in a rare public statement regarding the provision of banking services to cannabis- or hemp-related businesses, the Federal Banking Agencies, including the Board of Governors of the Federal Reserve...more

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