Jurisdiction: Federal

Is Cannabis Banking Reform Finally on the Horizon?

Those who follow the cannabis industry (and our blog) well know by now that federal cannabis reform is speculated about regularly, but has not seen much tangible progress to date. Industry followers also know that lack of access to traditional banking and financing remains a major handcuff on most industry participants. While some have been able to navigate these constraints better than others, there can be no reasonable debate that this issue is a prevalent hindrance on the industry.

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Proposed House Bill Would Legalize CBD in Dietary Supplements and Reduce Uncertainty Surrounding CBD

Last Friday, a bipartisan bill was introduced in the House of Representatives that would legalize cannabidiol (CBD) and other hemp-derived products for use in dietary supplements. The bill—H.R. 8179—was co-sponsored by Rep. Kurt Schrader (D-OR) and Rep. Morgan Griffith (R-VA) and is referred to as the “Hemp and Hemp-Derived CBD Consumer Protection and Market Stabilization Act of 2020.”

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It’s a Litigious World, After All: Great-Grandmother Arrested for CBD Oil Possession Last Year Sues Disney

As we blogged about in May 2019, a then-69-year-old great-grandmother was arrested at Disney World when an Orange County deputy found CBD oil in her purse. The incident received national attention and highlighted the confusion over federal and state laws surrounding cannabis and cannabis products.

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