Federal regulations on hemp banking protocols loosened

Posted by - December 5, 2019

The 2018 Farm Bill is forcing changes across the landscape Before the 2018 Farm Bill was approved and hemp and its derivatives legalized in the US, all the financial institutions had the obligation to file suspicious activity report (SARs) for accounts associated with the crop. Before this bill, hemp was also categorized as a Schedule

USDA discusses response to marijuana feedback request

Posted by - March 14, 2019

The department has sought input following the approval of the 2018 Farm Bill The Department of Agriculture (USDA) has opened the floor to comments regarding hemp and its place in the nation’s economy. The move comes after the government approved the 2018 Farm Bill, which legalizes hemp cultivation, but which still authorizes the USDA to

Senators urge Bureau of Reclamation to update marijuana policy

Posted by - January 18, 2019

The lawmakers don’t want the federal shutdown to stall legislation The 2018 Farm Bill opened the doors to hemp farming across the country. However, the current federal government shutdown, now in its 28th day, closed them almost as quickly. Despite the continued infighting at the top levels of the government, Congressmen are pushing at least

FDA issues statement on cannabis regulations

Posted by - December 27, 2018

The FDA weighs in following the approval of the 2018 Farm Bill After President Trump signed off on the Agriculture Improvement Act of 2018, also known as the 2018 Farm Bill, the U.S. is preparing to see a huge increase in hemp production. The bill has caused some confusion as to how far the legislation

President Trump signs the 2018 Farm Bill, legal hemp now official

Posted by - December 21, 2018

The Farm Bill is now law, will become effective as of January 1 It’s now official. President Trump gave his signature to the 2018 Farm Bill yesterday, paving the way for legalization of the hemp industry in the U.S. All of the hard work and effort that has been expended over the course of 2018

U.S. cannabis market poised for $20-million explosion

Posted by - December 14, 2018

The passage of the 2018 Farm Bill could help the marijuana industry have a happy new year Now that both the Senate and the House have approved the 2018 Farm Bill, there is a very bright future for the cannabis industry. The bill authorizes $867 billion for agricultural operations of many types, but one stands

Farm Bill headed to Trump’s desk for signatur

Posted by - December 12, 2018

The legislation could pave the way for legalized hemp production It’s been in the works for several months and it finally looks as though the Farm Bill will be enacted into law. After going through some last-minute changes in the Senate, Congress has now completely signed off on the bill and is preparing to send

Federal lawmakers reach agreement on hemp bill provision

Posted by - December 5, 2018

The compromise moves the Farm Bill one step closer to being approved In a rare show of bipartisan support, lawmakers in Congress have agreed to compromise on a provision in the Farm Bill. The provision specifically deals with the ability of certain individuals with felony drug convictions to work in the hemp industry and has