Hemp Businesses Can Bank with Credit Unions, Regulatory Agency Says

A federal financial agency released updated guidelines on banking in the hemp industry on Aug. 19, 2019, following up on requests from lawmakers to provide clarity on the issue. The National Credit Union Administration (NCUA) said in its interim guidance that providing banking services to hemp businesses is allowable since the crop and its derivatives […]

DPA Analysis of 2018 National Survey of Drug Use and Health (NSDUH)

New York, NY – Below is analysis from Sheila Vakharia, PhD, Deputy Director of the Drug Policy Alliance’s Department of Research and Academic Engagement, in response to the 2018 National Survey of Drug Use and Health released today by SAMHSA. Among the findings: Youth rates of marijuana use remain mostly unchanged in recent years, while […]

Credit union regulator reminds banks hemp businesses can be served – with caution

Hemp businesses should have access to banking services, a top banking regulator reiterated this week amid ongoing complaints about banking and credit challenges in the newly legal industry. The National Credit Union Association (NCUA), an independent federal agency that oversees and insures banking deposits for more than 100 million U.S. account holders, released a statement Monday […]

Statement on Bernie Sanders Adding Safe Consumption Sites to His 2020 Platform

New York, NY – Below is a statement from Maria McFarland Sánchez-Moreno, Executive Director of Drug Policy Action, in response to 2020 presidential contender Sen. Bernie Sanders adding supervised consumption sites to his criminal justice platform. “Senator Bernie Sanders has rightly recognized the life-saving value of supervised consumption sites as a way to curb the […]

North Dakota retailer prevails in drug case over selling CBD vapes

A North Dakota vape shop owner who sells CBD has succeeded in getting criminal drug charges against him dismissed, after a two-year battle that went to his state’s Supreme Court. The retailer, Falesteni A. Abu Hamda, was charged with seven drug crimes in 2017, when police seized CBD vape pens and gummy bears from two of his Tobacco Depot shops. Hamda argued […]

USDA: National THC test for hemp ‘as challenging as you think it is’

Federal agriculture authorities are struggling to craft a nationwide THC testing standard so that state and local regulators can tell hemp from marijuana, complicating the release of standardized production rules, according to an official with the U.S. Department of Agriculture. William Richmond William Richmond, head of the Specialty Crops Program in the USDA’s Agricultural Marketing […]

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