Legal Issues

Banking and Hemp-Related Businesses: Federal Guidance

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…]

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DEA Will NOT Reschedule Marijuana

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…]

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