Legal & Regulatory News for Hemp Businesses

Four nations to watch in the hemp market

The United States may be driving innovation in international marijuana markets, but when it comes to hemp, U.S. producers are scrambling to catch up with established trade opportunities for a crop that has long been legal in other countries.

Hemp is taking root in the United States, thanks to the 2014 Farm Bill, which allowed limited production. But booming U.S. demand for hemp products is still largely filled by overseas producers.

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Hemp legalization gains more allies: top Senate Democrat, American Farm Bureau

A Senate bill to take hemp out of the Controlled Substances Act is racking up allies. Senate Minority Leader Chuck Schumer, a New York Democrat, and the American Farm Bureau are backing the measure introduced by Senate Majority Leader Mitch McConnell. Schumer’s endorsement comes about two weeks after he announced his support for legalizing marijuana. […]

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New SBA lending rules could curb loans to hemp businesses

The U.S. Small Business Administration updated its lending guidelines with new rules that could have a major impact on businesses servicing the cannabis industry – and not just those on the marijuana side.

The revised guidance, published in early April, prohibits banks from issuing SBA-backed loans to any company that has a direct business relationship with a cannabis or hemp firm.

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New Mexico hemp legalization finally takes effect after high court’s decision

New Mexico’s long-stalled measure to legalize hemp is finally law, thanks to a decision by the New Mexico Supreme Court. The court ruled last week that Republican Gov. Susana Martinez was wrong to veto a bill last year that authorized hemp production. The hemp bill was among a bundle of Democratic measures vetoed by the […]

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Oklahoma removes hemp from drug definitions

Oklahoma has taken hemp out of its drug code, becoming the 37th state to allow hemp cultivation. Oklahoma Gov. Mary Fallin signed the hemp law Monday, The Norman Transcript reported. Under the law, hemp will not be considered marijuana if it doesn’t contain more than 0.3% THC and is grown as part of Oklahoma’s hemp […]

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CBD epilepsy treatment wins unanimous approval from FDA advisers

A British pharmaceutical company is closer to getting its CBD medicine to the U.S. market with the government’s blessing, a first for the cannabis industry and potential game-changer for all marijuana and cannabidiol producers. A panel of government health advisers gave a unanimous recommendation Thursday to the U.S. Food and Drug Administration to approve Epidiolex, […]

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Hemp legalization bill expedited to full Senate

A long-awaited hemp bill is on the fast track in the U.S. Senate. The measure to remove hemp from the Controlled Substances Act got a boost Monday, according to The Hill. Sen. Mitch McConnell, the bill’s sponsor and the Senate Majority Leader, invoked a Senate procedure to allow the bill to skip over the committee […]

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Oregon delays some hemp licenses to finalize rules for sales in marijuana system

Oregon has put some hemp licenses on hold while regulators finalize rules for including the crop in the state’s marijuana system. The Oregon Liquor Control Commission announced Friday that it will suspend issuing “hemp certificates” to growers and handlers who want to join the marijuana supply chain, pending the creation of new regulations. A new […]

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