Government
Federal Regulators Ease Banking Restrictions on Hemp Industry
Federal Regulators Ease Banking Restrictions on Hemp Industry

Federal and state regulators this week clarified rules around banking for hemp-related businesses, paving the way for more financial institutions to back growers and cultivators without filing burdensome paperwork.

Newly Formed Hemp Trade Group Hopes to Shape Federal Policy
Newly Formed Hemp Trade Group Hopes to Shape Federal Policy

A recently formed Washington D.C. trade association founded by a pair of Beltway veterans is hoping to be the voice of hemp industry stakeholders across the U.S. Launched by Chris Thorne and Scott Graves on October 30, the Hemp Federation of America is the brainchild of a small group of hemp farmers, processors and other farm services providers.

FDA: ‘CBD Has the Potential to Harm You’
FDA: ‘CBD Has the Potential to Harm You’

The U.S. Food and Drug Administration (FDA) wants cannabidiol (CBD) users to know that the popular additive found in everything from bath salts to beverages could be harmful. On Monday, the agency sent warning letters to 15 companies that it said were illegally selling products containing CBD

The Buzz: Michigan Issues First Recreational Licenses; 2 States Ban Products with Vitamin E Acetate
The Buzz: Michigan Issues First Recreational Licenses; 2 States Ban Products with Vitamin E Acetate

In this week’s edition of The Buzz: Michigan’s Marijuana Regulatory Agency issued the state’s first recreational licenses, Michigan and Washington banned vitamin E acetate, and New York’s Acreage Holdings announced plans to acquire New Jersey’s Compassionate Care Foundation.

Cannabis Lending Levels Off, US Treasury Report Suggests
Cannabis Lending Levels Off, US Treasury Report Suggests

American financial institutions could be waiting for the U.S. Senate to pass its version of the Secure and Fair Enforcement (SAFE) Banking Act of 2019 before offering services to more cannabis businesses, recent federal data indicates.

US House of Representatives Passes SAFE Banking Act
US House of Representatives Passes SAFE Banking Act

In a historic display of bipartisanship, Democrats and Republicans in the U.S. House of Representatives came together on Wednesday to pass the Secure and Fair Enforcement (SAFE) Banking Act of 2019 by a vote of 321-103.

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