Now that the New Year is here and in full swing, B&L’s Cannabusiness advisory practice is taking some time to reflect on successes and shortfalls in the cannabis industry’s over the past 12 months. Following a momentous 2018...more
1/8/2020
/ Banking Sector ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Controlled Substances Act ,
Decriminalization of Marijuana ,
Farm Bill ,
Financial Services Industry ,
Legislative Agendas ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
SAFE
With the cannabis space continuing its significant pace of growth, the industry has witnessed new players enter the arena: hemp and cannabidiol (“CBD”). The demand for hemp and CBD has skyrocketed in recreational, industrial,...more
11/19/2019
/ Cannabidiol (CBD) oil ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
Food and Drug Administration (FDA) ,
FTC Act ,
Hemp ,
Interim Guidance ,
Regulatory Agenda ,
Regulatory Oversight ,
USDA
Since the Secure and Fair Enforcement (SAFE) Banking Act (the “Act”) found bipartisan support in the House Financial Services Committee back in March, the industry has been waiting for even the slightest sign of its...more
10/16/2019
/ Banking Sector ,
Cannabis Products ,
Capital Markets ,
Controlled Substances Act ,
Decriminalization of Marijuana ,
Depository Institutions ,
Financial Institutions ,
Financial Services Industry ,
Hemp ,
Legislative Agendas ,
Marijuana ,
Marijuana Related Businesses ,
SAFE ,
Safe Harbors
As we discussed in a post back in February, one of the biggest hurdles facing the legal cannabis industry today remains the lack of access to banking services. Despite the legalization of cannabis on the state level, banks...more
4/17/2019
/ Banking Sector ,
Congressional Investigations & Hearings ,
Criminal Liability ,
Decriminalization of Marijuana ,
Financial Institutions ,
Financial Services Committee ,
Financial Services Industry ,
Legislative Agendas ,
Marijuana ,
Marijuana Related Businesses ,
SAFE