Sound the trumpets, because the USDA released its interim hemp rules on October 29. Stakeholders have 60 days to submit comments on the interim hemp rules, and there are several critical components to the rules. Let’s check out the highlights. Per the rules in the 2018 Farm Bill, states and Indian tribes are required to […]
The National Cannabis Industry Association (NCIA) published a whitepaper on October 1, urging Congress to deschedule cannabis and oversee it with current regulatory infrastructure. The NCIA whitepaper provides guidance to the federal government on how to regulate cannabis at the federal level, discussing in-depth processes such as removing outdated regulation, establishing new rules, and breaks […]
The Secure and Fair Enforcement Banking Act, also known as the SAFE Banking Act, passed the House earlier in September by a vote of 321 to 103. This is one step closer to allowing the cannabis industry, which is legal in some states but illegal federally, access to banking and financial services — a big […]
Business is booming in the cannabis industry, and there is a potential to make a hefty profit as the industry continues to grow. Over half of the United States has legalized cannabis medically or recreationally, but the process can seem daunting at times, with laws and regulations at the state and local levels adding to […]
CBD popularity has exploded since the passage of the 2018 Farm Bill in December federally legalized hemp. When President Donald Trump signed the bill into law after months of preparation and debate, it officially legalized the nationwide cultivation and sale of industrial hemp. The Farm Bill removed hemp — which is cannabis that contains less […]
Growth equals green in more ways than one. The cannabis industry wants a seat at the table with lawmakers. The burgeoning industry is working to ensure continued growth, and it’s putting money where it counts, with a forecast for spending $3.2 million on lobbyists in Washington. This slightly eclipses the $2.7 million it spent lobbying […]
In an effort to overcome the banking hurdle faced by the legal cannabis industry, Senate Bill 51 passed legislation to allow state-chartered cannabis banking. The bill still requires the approval of the Assembly and California State Governor Gavin Newsom before it becomes law. Through the provisions of SB 51, private banks and credit unions would […]
