Jurisdiction: Federal

Is the tail wagging the dog? Large retailers’ embrace of CBD health products may force the ‎FDA’s hand

The 2018 Farm Bill marked a significant victory for the cannabis industry because it removed hemp from the list of federal controlled substances. It was widely believed that this legalization would increase acceptance of cannabidiol (CBD), a non-psychoactive cannabinoid that can be extracted from hemp and, its proponents argue, provide a range of health benefits.

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SAFE or UN-SAFE? U.S. House Committee Hears Testimony on Proposed Secure and Fair Enforcement Banking Act

“Duffel bags and sometimes suitcases of cash would arrive quarterly at some of our designated offices and some business owners had to drive 350 miles to pay their taxes.” That was the testimony of Fiona Ma, California’s State Treasurer, regarding the difficulties legal cannabis-related businesses and state officials have in paying and collecting taxes given the dearth of legitimate financial services available to such businesses.

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Stuck in the Middle with You: State Legalization of Marijuana Places Federal Prosecutors in an Awkward but Powerful Position

Marijuana is now legal for medical use in at least thirty states and for recreational use in ten. But it remains illegal for all types of use at the federal level. Accordingly, millions of U.S. citizens find themselves in the paradox of complying with state law while violating federal law.

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