Hoban Law’s Weekly Roundup

Congressional Funding Bill Protects Cannabis Banking and Lets DC Legalize Marijuana Sales 
Federal officials would be blocked from punishing banks for working with marijuana businesses under an annual spending bill released by congressional Democratic leaders on Sunday. The legislation, which is set to be considered by a House subcommittee on Monday, would also remove a longstanding rider that prevents the city of Washington, D.C. from spending its own money to legalize and regulate recreational cannabis sales. Read more
Majority Of State Attorneys General Tell Congress To Pass Marijuana Banking Bill
The top law enforcement officials from 38 U.S. states and territories are calling on Congress to pass legislation to increase marijuana businesses’ access to banks. The move comes just days after the treasurers of 17 states issued a separate call in support of the pending cannabis financial services bill. Read more
Illinois Accepting Applications to Grow Industrial Hemp for 1st Time in 80 Years
A law signed last summer allowing commercial production of the crop used for clothing, food, medicine and more makes Illinois one of 40 states allowing cultivation, although in some places, it’s still limited to research or pilot-program purposes. Officials could not immediately say how many states had approved full production like Illinois. Read more
How Banking Challenges Impede The Growth Of The Cannabis Industry Today
With recreational cannabis now legal in Canada and many U.S. states, 2019 seems poised to become a turning point for the industry. However, within U.S. borders, one thing still limits growth: Cannabis companies’ lack of access to banking and financial services. Read more
Marijuana Legalization Bill Announced
Legislation introduced Thursday would make Delaware the 11th state with recreational marijuana, enabling individuals 21 and older to legally get high by smoking or otherwise consuming the drug. Read more
Front Range Biosciences Applauds Signing of Colorado Hemp Bills; Advocates on Behalf of Hemp Industry at FDA Hearing on CBD
Front Range Biosciences® (“FRB”), which provides hemp, coffee, and high-value crop producers with high-performing Clean Stock® plants and seed by combining the best practices in agriculture with innovative technologies, applauds the State of Colorado on the signing of bills SB-220 “Hemp Regulation Alignment with 2018 Federal Farm Bill” and SB-240 “Industrial Hemp Products Regulation.” Read more
Murray River Organics Approved to Grow Low-THC Cannabis
Agriculture Victoria gave the company the green light to grow the plant on its Nangiloc property, opening up opportunities for the vine fruit producer to enter this growing market. Read more
Clearing Up the Haze Surrounding Cannabis Product Liability Risks
When a thriving cultivator purchased additional cannabis from a wholesale grower to meet the 5,000 pounds he was short, he was left holding the bag. A customer complained of a strong sulfur taste, and soon it was discovered that the wholesaler had applied the wrong pesticide concentration, rendering the cannabis unusable.  Read more
Now That Hemp-Based CBD Oil is Legal in Texas, Here’s What To Know
Hemp and hemp-derived products that have become increasingly easy to find in Texas are now legal, too, after Gov. Greg Abbott signed a bill legalizing its production this week. Read more
Oregon State launches Global Hemp Innovation Center in Corvallis
Oregon State University plans “to launch the nation’s largest research center devoted to the study of hemp,” the University announced Thursday. Read more

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