There is a great line in the wonderful film Charlie Wilson’s War, where Charlie Wilson (played remarkably by the inimitable Tom Hanks) describes the successful, if relatively covert, involvement of the United States...more
Earlier this week, the Florida legislature passed a bill (SB 1698) that will limit the amount of THC in hemp-derived products and threatens to upend the novel cannabinoid industry in the state.
For the past few years,...more
3/12/2024
/ Agricultural Sector ,
Cannabidiol (CBD) oil ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Florida ,
Governor DeSantis ,
Hemp ,
Hemp Related Businesses ,
Marijuana ,
Marijuana Related Businesses ,
New Legislation ,
State and Local Government
Loyal Budding Trends readers and hemp operators at large know that the 2018 Farm Bill was a watershed moment for the hemp industry. It brought centuries-old hemp products back from near-extinction and lit the fuse for an...more
On Friday, the USDA published a long, long awaited Final Rule regulating the production of hemp in the United States. The Final Rule, which arrives more than two years after Congress first allowed for the widespread...more
Following sustained criticism from many aspects of the hemp industry, the United States Department of Agriculture (USDA) announced on Friday that it was reopening the comment period for the interim final rule (IFR) that was...more
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 27, just two months after issuing its long-awaited interim hemp rule, the United States Department of Agriculture (USDA) approved the first round of state and tribal hemp production plans.
Pursuant to the 2018...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
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