Yesterday, the Federal Reserve, along with the Financial Crimes Enforcement Network (FinCEN) and other agencies, issued guidance advising financial institutions, including banks, that they no longer need to file "suspicious activity reports" (SARs) with the U.S. Treasury when they take customers in the cannabis industry...
Earlier today, the US Department of Agriculture released "interim final" rules to implement the Agriculture Improvement Act of 2018 (also known as the 2018 Farm Bill). The law removed hemp and hemp-derived products with less than 0.3% THC from being a Schedule I drug under...
In a rather symbolic moment in the march to the legalization of industrial hemp, the caretakers at George Washington’s Mount Vernon farm announced in May (although it has only recently received news attention) that they have planted a small crop of industrial hemp. They are...