Topic
Hemp
750 published works
Tracking Cannabis
FinCEN guidance looks to enhance availability and transparency of financial services to hemp companies
By Kevin Young, Matthew Misichko
On June 29, the Financial Crimes Enforcement Network (“FinCEN”) provided additional guidance for financial institutions that monitor hemp-related companies (the “Guidance”). Such Guidance provides a clarification that “is intended to…
Kight on Cannabis
Oregon Hemp- An Overview of ODA Rules
By Rod Kight
The key takeaway is that transparency is rewarded. The ODA monitoring program will consist largely of education and outreach, and will start with random site record keeping visits. Continue reading…
International Trade Law
FinCEN Provides Additional Guidance for Financial Institutions on Hemp-Related Businesses
By Caroline Brown, Carlton Greene, Erik Woodhouse, Tyler Brown, Amanda Lineberry
On June 29, 2020, the Financial Crimes Enforcement Network (FinCEN) issued helpful guidance on due diligence requirements for hemp-related businesses under the Bank Secrecy Act (BSA). The four-page guidance builds upon a…
Kight on Cannabis
Congress Should Allow 1% THC in Hemp- Will You Sign the Petition?
By Rod Kight
We encourage our readers to sign a petition sponsored by our friends at Vote Hemp that urges Congress to amend the definition of hemp to increase the THC limit to…
Ogden Glazer + Schaefer Blog
Changes Coming: Wisconsin’s Hemp Pilot Program Transitions to Comply with the 2018 Farm Bill on October 31, 2020.
All good things must come to an end. On October 31, 2020 Wisconsin’s Hemp Pilot program that was ushered in by the 2014 Farm Bill will be replaced with a…
Bank Law Monitor
At Long Last, FinCEN Offers Much Awaited Guidance Regarding BSA Due Diligence Requirements for Hemp Businesses
Ever since Congress passed the 2018 Farm Bill and hemp was declassified under federal law as a Schedule I controlled substance, financial institutions have struggled with whether and how to…
Money Laundering Watch
The Banking of Cannabis and Hemp-Related Customers: An Update
By Peter D. Hardy, Shauna Pierson
Ballard Spahr to Present on Banking and Cannabis FinCEN and the National Credit Union Administration Both Issue Guidance on Hemp and Banking We are really pleased to presenting on July…
Financial Services Perspectives
Hemp Banking – FinCEN Issues New Guidance Regarding AML/BSA Obligations
By J. Hunter Robinson, Whitt Steineker, James W. Wright Jr.
This article was written in collaboration with Jake Fanella and Jessica Caballero at VeriLeaf. VeriLeaf is a modern RegTech platform that optimizes the onboarding, review and ongoing compliance required for…
In The Weeds
Cooper Signs NC Farm Act Without Hemp Provisions
The highly anticipate North Carolina Farm Act, Senate bill 315, was recently signed by the Governor. However, all reference to updating the state’s industrial hemp program was removed from the…
A Seat at the Table
Council for Responsible Nutrition Submits Citizen Petition Requesting FDA Rulemaking to Allow CBD and other Hemp-Derived Ingredients in Dietary Supplements
By Martin Hahn, Samantha Dietle
The Council for Responsible Nutrition (CRN) submitted a citizen petition to the Food and Drug Administration (FDA) requesting that FDA: FDA exercise its statutory authority to establish a regulation under which…