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The U.S. Department of Agriculture (USDA) published its Final Rule on Establishment of a Domestic Hemp Production Program On January 15, 2020, the U.S. Department of Agriculture (USDA) published its Final Rule on Establishment of a Domestic Hemp Production Program. According to the USDA, the Final Rule incorporates modifications to its Interim Final Rule based […]

The New York Department of Health (DOH) recently filed its much-anticipated proposed regulations to regulate cannabinoid hemp products... On October 28, 2020, the New York Department of Health (DOH) filed its much-anticipated proposed regulations to regulate cannabinoid hemp products. The newly-established Cannabinoid Hemp Program will license both cannabinoid hemp processors and retailers and set quality control standards that all cannabinoid hemp […]

Several financial regulators recently issued a statement making it easier for banks to provide services to hemp businesses… The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), the Office of the Comptroller of the Currency, and the Conference of State Bank Supervisors recently issued […]

The U.S. Department of Agriculture Recently Announced that Industrial Hemp Growers Can Qualify for Crop Insurance The U.S. Department of Agriculture (USDA) recently announced that industrial hemp growers can qualify for insurance coverage under the Whole-Farm Revenue Protection (WFRP) program for crop year 2020. WFRP allows coverage of all revenue for commodities produced on a […]

The National Credit Union Administration (NCUA) Recently Issued Guidance Giving Federally Insured Credit Unions the Green Light to Service the Legal Hemp Industry Cultivation, transport, and sale of industrial hemp is legal under federal law, but businesses have continued to face challenges gaining access to financial services. In a positive step forward, the National Credit […]

As a Result of a Recent U.S. Department of Agriculture Legal Opinion, Hemp Transport Across State Lines Appears to have been Greenlit The U.S. Department of Agriculture’s Office of General Counsel recently issued a legal opinion addressing the regulation of hemp under the Agriculture Improvement Act of 2018 (2018 Farm Bill). The opinion states that […]