The Financial Crimes Enforcement Network (FinCEN) just issued guidance to financial institutions doing business with hemp-related businesses. “Hemp” is a part of the Cannabis Sativa L. family that contains no more than .3 percent potency level of Delta-9 tetrahydrocannabinol (THC). Hemp was removed from the controlled substances list and reclassified[Read More…]
With the recent increase in legalization of recreational and medicinal marijuana use, many people have become interested in starting or investing in marijuana businesses
One of the common assertions about marijuana is that many of the people in jail or prison for drug related offenses were convicted, and are serving lengthy sentences, for “simple possession” of marijuana.
Topics discussed in the report include increased youth use, rises in homeless populations, increased crime rates, and impacts on businesses
The DEA recently made several significant announcements regarding marijuana. Most importantly, the agency’s acting administrator has denied two separate petitions to reschedule marijuana. Under the Controlled Substances Act, marijuana has a schedule 1 classification; this means that it has high potential for abuse, and no currently accepted medicinal use. The agency[Read More…]