On August 19, 2019, the National Credit Union Administration (“NCUA”) made an economically significant change to the hemp banking landscape.  As is the case with cannabis businesses generally, hemp operations have faced considerable limitations with respect to access to traditional
Continue Reading Credit Unions Lending to Hemp-Related Businesses is Permissible

On May 28, 2019, the United States Department of Agriculture’s (“USDA”) Office of the General Counsel issued a Legal Opinion, which attempts to address open questions relating to interstate transport of hemp. While the 2018 Farm Bill legalized hemp production,
Continue Reading USDA Legal Opinion Seeks To Clarify Interstate Transport of Hemp

Assembly Bill 228 is a promising piece of legislation that could soon bring an end to California’s prohibition on adding hemp-derived CBD to foods, beverages, and cosmetics.  The bill, in its current form, would add two provisions to the California
Continue Reading California Bill to Allow Hemp-Derived CBD in Foods, Beverages, and Cosmetics