On Thursday, April 23, 2020, Representatives Earl Blumenauer (D-OR) and Ed Perlmutter (D-CO) introduced the Emergency Cannabis Small Business Health and Safety Act (the “Act”) in the House. If passed, the Act would allow...more
On December 3, 2019, FinCEN, along with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, in consultation with the Conference of...more
12/9/2019
/ Agricultural Sector ,
Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
Cannabidiol (CBD) oil ,
CSBS ,
Farm Bill ,
FDIC ,
FinCEN ,
Hemp ,
Hemp Cultivation ,
Interim Rule ,
New Guidance ,
OCC ,
Regulatory Agencies ,
Suspicious Activity Reports (SARs) ,
U.S. Treasury ,
USDA
On October 29, 2019, the US Department of Agriculture (the “USDA”) issued interim rules for the domestic production of hemp and requested comments on the rules over the next 60 days. The rules provide minimum requirements for...more
11/7/2019
/ Agricultural Sector ,
Cannabis Products ,
Comment Period ,
Controlled Substances Act ,
DEA ,
Farm Bill ,
Hemp ,
Interim Rule ,
Laboratories ,
Licensing Rules ,
Regulatory Requirements ,
Reporting Requirements ,
Testing Requirements ,
Tribal Governments ,
USDA
An October 2019 decision in the U.S. District Court for the Northern District of California confirmed that cannabis companies can form contracts even if the purpose of the contract is for an illegal purpose and that...more
On Friday, May 31, 2019, the Food and Drug Administration (“FDA”) conducted its first public hearing to create a regulatory framework for the legal marketing and sale of cannabidiol (“CBD”) products. The FDA asked the...more
6/6/2019
/ Cannabidiol (CBD) oil ,
Comment Period ,
Controlled Substances Act ,
Farm Bill ,
FDA Warning Letters ,
Federal Trade Commission (FTC) ,
Food and Drug Administration (FDA) ,
Marijuana ,
Marijuana Related Businesses ,
Public Comment ,
Public Hearing ,
Regulatory Oversight
Colorado Was Busy On May 29 -
In addition to public company ownership, Governor Polis approved bills for social consumption and delivery of Cannabis....more
On May 29, 2019, Governor Jared Polis signed six bills introducing new regulations on marijuana, including capital raising, social consumption and delivery.
Colorado Expands Ownership of Cannabis Companies -
Since the...more
6/4/2019
/ Beneficial Owner ,
Capital Raising ,
Dispensaries ,
Investors ,
Marijuana ,
Marijuana Related Businesses ,
New Legislation ,
Passive Investments ,
Popular ,
Private Equity ,
Publicly-Traded Companies ,
Stock Exchange
This past week, the Illinois legislature approved legislation to legalize cannabis. Governor J.B. Pritzker is expected to sign the legislation and, if signed, it will take effect January 1, 2020....more
2018 Farm Bill: An Overview -
The Agricultural Improvement Act of 2018, commonly known as the “2018 Farm Bill,” is an omnibus piece of legislation that Congress uses to set national agricultural, nutrition, conservation...more
3/18/2019
/ Agricultural Sector ,
Cannabidiol (CBD) oil ,
Controlled Substances Act ,
Decriminalization of Marijuana ,
Department of Agriculture ,
Farm Bill ,
Federal Food Drug and Cosmetic Act (FFDCA) ,
Food and Drug Administration (FDA) ,
Hemp ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses
As the U.S. cannabis market continues to grow at an extraordinary pace, a number of celebrities and companies have extended their names or brands to cannabis products via partnerships with licensed growers and dispensaries. ...more
The most popular question we get is whether CBD oil products derived from hemp are federally legal.
Basically the popular thinking goes like this: the 2014 Farm Bill made hemp and hemp derived products federally legal. ...more