By Daniel Shortt, Attorney @ Harris Bricken This is the first post in a two-part series. Last week, the Food and Drug Administration (FDA) submitted a CBD enforcement policy to the White House. We do not yet have the text of that document but we anticipate that it will have a significant impact on hemp-derived […]
Hemp Business Executive
New breed of hemp growers in Beecher face resurgence of the crop
In early 2019, Rachael and Jesse Smedberg took a leap of faith and bought a corn farm in Beecher. A corn silo remains on the 65-acre property that is now Tulip Tree Gardens and Wellness Farm, but corn is no longer grown there. Instead, the Smedbergs operate a boutique-style farm stand and grow heirloom vegetables, […]
CBN, CBG More Alluring to Hemp Farmers as CBD Prices Drop?
Still benefiting from the glow of federal legalization, industrial hemp farming boomed in 2019. The industry’s growth has continued this year, but with some winners and many losers as a spurt of new farmers led to oversupplies of hemp and CBD, which in turn led to plummeting wholesale prices. With the majority of new hemp […]
Is CBN a Controlled Substance? Yes. No. Maybe.
By Natalie Bougenies, Attorney at Harris Bricken Earlier this year, we discussed the legality of lesser-known hemp-derived cannabinoids which appeared to be gaining success in the U.S. One of these promising cannabinoids is cannabinol (“CBN”). Put simply, CBN is a non-intoxicating cannabinoid that results from the degradation of THC. Because it is difficult, if not […]
ICYMI: The New FinCEN Hemp Banking Guidance
By Hilary Bricken, Co-founder Harris Bricken Last week, the Financial Crimes Enforcement Network (FinCEN), issued new guidance (the “FinCEN Guidance”) for financial institutions working with hemp-related businesses. The FinCEN Guidance centers on due diligence requirements as related to the Bank Secrecy Act (BSA). This guidance follows closely on the new National Credit Union Administration (NCUA) […]
New York to Require Licenses to Manufacture and Sell Hemp Derived CBD Products
By Jared Schwass, Matthew R. Kittay, and Michael R. Herz Hemp and hemp-derived cannabidiol (CBD) products have seen an increase in demand over the last few years, but the legal and regulatory structure behind those products has been unclear and confusing. One reason behind the confusion is that there has been a lag in the implementation […]
Despite setbacks, hemp proponents harbor optimism
Too much product, some high-profile bankruptcies and continued regulatory uncertainty contributed to making 2019 a tough year for hemp growers, but proponents of the versatile plant say it’s still viable in the long term for uses including CBD (short for cannabidiol), food and fiber. More than 500,000 acres were licensed for hemp planting last season, […]
Hemp CBD Across State Lines: What You Need to Know
By Daniel Shortt, Attorney at Harris Bricken The Agriculture Improvement Act of 2018 (2018 Farm Bill) legalized hemp by removing the crop and its derivatives from the definition of marijuana under the Controlled Substances Act (CSA) and by providing a detailed framework for the cultivation of hemp. The 2018 Farm Bill gives the US Department […]
Trump’s Ban On CBD For the Military Echoes Drug War, Anti-Hemp Oil Hysteria
The Drug Warrior takeover of the Trump administration now seems complete with the ban on CBD use by the military because it might interfere with marijuana testing. The MarijuanaMoment.net website reported the new policy calling it “little-noticed,” which is an accurate but ironic description of what should have been widely announced, if it was meant […]
Authorities Grapple With New Hemp Law Enforcement
Last September, I spoke on the importance of a whole-plant approach at the 2nd annual Southern Hemp Expo in Nashville, TN. But it’s not the whole-plant message I recall, rather it was the smokable hemp pre-rolls being handed out to attendees. This was the same in Las Vegas in December, and numerous other pre-COVID events around the […]
