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.
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.
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
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.
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.
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.