The Hemp Standard is 0.3% THC. That Should Be Changed.
Recreational MarijuanaUncategorized January 11, 2020
We are heading into the first decade of scaled commercial hemp production in the United States since the 1920s. As a law firm that has been helping cannabis businesses succeed since 2010, we couldn’t be more excited. And for good reason: the recreational market is expanding. Hemp is legal. CBD and other cannabinoids are fast becoming…
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Is CBN Legal? What is CBN?
Uncategorized January 9, 2020
This is the second of a two-part installment on trending cannabinoids. For the previous post on cannabigerol (CBG), go here. This post concerns CBN (cannabinol). Like CBD and THC, CBN is among the 100+ molecules in the cannabis plant. CBN comes from oxidation and decomposition of THC, meaning that when THC is heated and exposed…
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Should Your Labels Include the Term “CBD”?
Uncategorized January 6, 2020
A year ago, we discussed a shift in nomenclature for hemp-derived cannabidiol (“Hemp-CBD”) products. Many CBD companies have swapped the word “CBD” for the terms “hemp extract” and “full spectrum hemp” in hope of mitigating the risk of FDA and local enforcement actions. As we previously explained, the main impetus behind this movement seems to…
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Is CBG legal? What is CBG?
Uncategorized January 3, 2020
Looking back, 2019 was the year of cannabidiol (CBD) in the cannabis industry. CBD continued to make its way into countless consumer products, from sodas to sports bras. The CBD craze was a long time coming: we began covering that cannabinoid back in 2015, when industry began promoting CBD products in earnest and the FDA…
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Top 4 Predictions for Hemp and Hemp CBD in 2020
Uncategorized January 2, 2020
2019 was, to put it lightly, an intense year for the hemp and hemp-derived cannabidiol (“Hemp CBD”) industries in the United States. We saw the implementation of the 2018 Farm Bill, strongly worded statements by the Food and Drug Administration (“FDA”) that Hemp CBD was unlawful in many products followed (amazingly) by almost zero enforcement,…
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Banking Woes and Wins for Hemp-CBD
Uncategorized December 24, 2019
Our firm represents a number of financial institutions and even a federal agency on banking state-legal cannabis. We have practiced in the space ever since the 2014 FinCEN guidelines were issued and it’s been slow going for the most part. The number one question we have received lately is: “do you know a bank or credit union…
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About a year ago, we were the first law firm to report on the legality of manufactured cannabidiol (“CBD”)-infused alcoholic beverages. Due to the growing popularity and mainstream nature of CBD-infused products, many alcohol beverage companies were surprised to read us conclude that blending CBD into their products was a risky business, even in hemp-friendly…
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Federal Agencies Provide New Guidance for Hemp Banking
HempUncategorized December 5, 2019
The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. As we previously explained: Commercial marijuana activity remains a federal crime, and the Bank Secrecy Act…
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Hemp and CBD: Submit Your Comments on USDA Interim Hemp Rules By December 30
HempUncategorized December 4, 2019
The hemp industry is up in arms over the USDA’s interim rules establishing a domestic hemp program. As of this writing you can find some 900 comments published on regulations.gov. The din of complaints about the deleterious effect of several rules caused Senator Chuck Shumer to send a letter on December 3 to U.S. Agriculture…
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BREAKING NEWS: MORE Act Passes in Historic Vote
Uncategorized November 23, 2019
The House Judiciary Committee approved a 2019 bill to decriminalize marijuana at the federal level and end cannabis prohibition on Wednesday. The Marijuana Opportunity Reinvestment and Expungement (MORE) Act passed by a vote of 24 to 10 after more than two hours of debate. Two Republican representatives, Matt Gaetz (R-FL) and Tom McClintock (R-CA), joined…
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