Cue the Ron Paul “It’s Happening” gif and shout it from the rooftops: DEA will reschedule marijuana from Schedule I to Schedule III of the Controlled Substances Act, per a report from the AP. The United States federal...more
As we’ve noted before, Tennessee is likely to be the last Deep South state to legalize medical cannabis. But given the pace at which states have legalized (38 states plus the District of Columbia), last doesn’t necessarily...more
11/9/2023
/ Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Legislative Agendas ,
Licensing Rules ,
Marijuana ,
Medical Marijuana ,
Regulatory Agenda ,
Regulatory Requirements ,
State and Local Government ,
State Legislatures ,
Tennessee
According to a report from Bloomberg News, the U.S. Department of Health and Human Services (HHS) is officially recommending to the U.S. Drug Enforcement Agency (DEA) that marijuana be moved from Schedule I to Schedule III...more
Ah, South Carolina. Its siren song has tempted cannabis advocates for years with its diversity – political, geographic, geologic, and otherwise. But to date, nada.
That may change soon, as the South Carolina Compassionate...more
We have long suspected that North Carolina may be the next great cannabis market. In describing North Carolina as “the sleeping giant of the South,” we wrote recently:
From Murphy to Manteo, North Carolina is a state that...more
1/26/2023
/ Cannabis Products ,
Dispensaries ,
Legislative Agendas ,
Licenses ,
Marijuana ,
Medical Marijuana ,
New Legislation ,
North Carolina ,
Patients ,
Proposed Legislation ,
State and Local Government ,
Suppliers
FDA warning letters are nothing new in the cannabis industry. In fact, we here at Budding Trends have covered this topic a number of times (here, here, and here). Not resigned to playing the hits, however, the FDA issued a...more
12/13/2022
/ Cannabidiol (CBD) oil ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Enforcement ,
Farm Bill ,
Federal Trade Commission (FTC) ,
Food and Drug Administration (FDA) ,
Hemp ,
Hemp Related Businesses ,
Marijuana ,
Marijuana Related Businesses ,
Marketing ,
State and Local Government ,
Warning Letters
Welcome to the third installment of the Editors’ Roundtable, in which our editors – Whitt Steineker, Jay Wright, Hunter Robinson, and Slates Veazey – discuss cannabis issues in the news and take a stab at where the cannabis...more
Yesterday, President Joe Biden made two historic announcements which he described as steps to “end” the federal government’s “failed approach” to marijuana. First, he is issuing mass pardons for federal convictions of simple...more
10/7/2022
/ Biden Administration ,
Cannabis Products ,
Decriminalization of Marijuana ,
Department of Health and Human Services (HHS) ,
Deregulation ,
Legislative Agendas ,
Marijuana ,
Presidential Pardons ,
Presidential Proclamations ,
Regulatory Agenda ,
Regulatory Reform ,
Wrongful Conviction
Welcome to the second installment of the Editors’ Roundtable, in which our editors – Whitt Steineker, Jay Wright, Hunter Robinson, and Slates Veazey – discuss cannabis issues in the news and take a stab at where the cannabis...more
10/5/2022
/ Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Dispensaries ,
Hemp Cultivation ,
Legislative Agendas ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Regulatory Agenda ,
Regulatory Oversight ,
State and Local Government
The changes in the cannabis industry in Southeastern United States represent some of the most surprising and remarkable changes in the history of the industry...
Originally published by Bloomberg Law....more
9/15/2022
/ Alabama ,
Arkansas ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Florida ,
Georgia ,
Louisiana ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
North Carolina ,
Proposed Legislation ,
State and Local Government ,
State Legislatures ,
Tennessee
One of the largest headwinds facing the cannabis industry is the lack of access to banking services. Many financial institutions refuse to serve the multibillion-dollar cannabis industry given the regulatory uncertainty...more
6/22/2022
/ Banking Regulators ,
BSA/AML ,
Cannabis-Related Businesses (CRBs) ,
Controlled Substances Act ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
Legislative Agendas ,
Marijuana ,
Marijuana Related Businesses ,
Popular ,
SAFE Act ,
Suspicious Activity Reports (SARs)
When Neil Young wrote that “Southern change gonna come at last,” he wasn’t talking about cannabis— but he might as well have been in light of the recent and extraordinary developments in the cannabis industry in the southern...more
5/16/2022
/ Agribusiness ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Constitutional Challenges ,
Dispensaries ,
Healthcare ,
Legislative Agendas ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
New Legislation ,
Proposed Legislation ,
State and Local Government ,
State Legislatures
Only days ago, we discussed the prospects for cannabis reform in Tennessee. And lawmakers are already pushing such reform in the early days of this legislative session.
On the hemp front, Rep. Chris Hurt filed House Bill...more
Latin America’s largest economy recently moved one step closer to allowing domestic medical cannabis and industrial hemp cultivation.
On June 8, 2021, the Brazilian Chamber of Deputies’ Special Commission approved PL...more
The U.S. Food and Drug Administration (FDA) sent a shot across the bow of the cannabidiol (CBD) industry on November 25. The FDA disclosed that it issued warning letters to 15 companies “for illegally selling products...more
11/27/2019
/ Cannabidiol (CBD) oil ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Dietary Supplements ,
FDA Warning Letters ,
Federal Food Drug and Cosmetic Act (FFDCA) ,
Federal Trade Commission (FTC) ,
Food and Drug Administration (FDA) ,
Labeling ,
Manufacturers ,
Marijuana ,
Marijuana Related Businesses ,
Marketing ,
Product Labels
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
On Tuesday, the Federal Trade Commission (FTC) sent warning letters to three companies that sell cannabidiol (CBD) products regarding the health claims found in the companies’ advertisements. The FTC did not make the letters...more
9/12/2019
/ Advertising ,
Cannabidiol (CBD) oil ,
Cannabis Products ,
Dietary Supplements ,
Federal Trade Commission (FTC) ,
Food and Drug Administration (FDA) ,
Health Claims ,
Hemp ,
Marijuana ,
Marijuana Related Businesses ,
Marijuana-Infused Edibles ,
Product Labels ,
Warning Letters
On January 17, 2018, Florida’s new governor, Ron DeSantis, delivered news that could supercharge the growth of Florida’s medical-cannabis industry. Governor DeSantis indicated he may drop the State’s appeal from a trial...more
2/5/2019
/ Decriminalization of Marijuana ,
Department of Health and Human Services (HHS) ,
Dispensaries ,
Licensing Rules ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Smoking Bans ,
State Constitutions ,
Vertical Integration
For years, the “legal” cannabis industry – operating in states that have legalized cannabis under state law despite its long-standing prohibition under federal law – and the financial institutions that serve the industry have...more
Since 1996, when California became the first state to legalize marijuana (at the time, for medicinal purposes only), 28 additional states and the District of Columbia have legalized marijuana to some extent. Public support...more
5/29/2018
/ Banking Sector ,
BSA/AML ,
Cole Memorandum ,
Criminal Prosecution ,
Decriminalization of Marijuana ,
Department of Justice (DOJ) ,
Dispensaries ,
FDIC ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
Policy Memorandums ,
Regulatory Standards ,
Suspicious Activity Reports (SARs) ,
Trump Administration