Proposed Bill Would Legalize Hemp in US

During a press conference at the US Hemp Roundtable in Frankfort, Kentucky, Senate Majority Leader Mitch McConnell announced a plan to introduce legislation next week that would protect and advance hemp production in the United States. The proposed Hemp Farming Act of 2018 would "finally legalize … Read more about Proposed Bill Would Legalize Hemp in US

Rohrabacher-Blumenauer Remains – Omnibus Passes Including Protections for Medical Marijuana

The Rohrabacher-Blumenauer amendment protecting medical marijuana initiatives at the state level has survived yet another budget crisis. Early this morning, Congress has passed a $1.3 trillion spending bill comprising multiple budgetary areas, hence its "omnibus" bill designation. This massive bill, … Read more about Rohrabacher-Blumenauer Remains – Omnibus Passes Including Protections for Medical Marijuana

President Trump Advancing Plan Which Advocates for Stronger Penalties for Drug Dealers

It now appears that the Trump administration is advancing their plan to impose stricter penalties in order to address the opioid epidemic, and may make it public as early as next Monday, when the President is scheduled to appear in New Hampshire. Among other things, the plan calls for a mandatory … Read more about President Trump Advancing Plan Which Advocates for Stronger Penalties for Drug Dealers

RLG Reacts to the Restraining Excessive Federal Enforcement and Regulations of Cannabis Act (REFER Act) 

A bill has been introduced in the House that would protect states with cannabis laws from interference by the Federal government. Known as the Restraining Excessive Federal Enforcement and Regulations of Cannabis Act (REFER Act), the bill would protect both medical and recreational cannabis at the … Read more about RLG Reacts to the Restraining Excessive Federal Enforcement and Regulations of Cannabis Act (REFER Act) 

Feds Reviewing Marijuana Banking Guidance

The Treasury Department is reviewing existing guidance that provides a process for marijuana businesses to bank without causing issues under federal law. The previous guidance from the Treasury remains in place - for now - but at a Senate hearing on Monday, Sigal Mandelker, the Treasury's deputy … Read more about Feds Reviewing Marijuana Banking Guidance

MED Releases Statement Regarding Sessions’ Revocation of Guidance

The Colorado Department of Revenue Marijuana Enforcement Division (the "MED") has responded to last week's news that Attorney General Jeff Sessions had rescinded previous guidance regarding marijuana enforcement, including the Cole Memo. The text of the bulletin reads: January 5, … Read more about MED Releases Statement Regarding Sessions’ Revocation of Guidance

US Attorney General Jeff Sessions Rescinds Cole Memo, RLG Emphasizes Importance of Rohrabacher-Farr

Today, in a disheartening development for the cannabis industry, US Attorney General Jeff Sessions issued a memo rescinding previous nationwide marijuana-specific enforcement guidance. The memo stated: “Given the Department’s well-established general principles, previous nationwide guidance specific … Read more about US Attorney General Jeff Sessions Rescinds Cole Memo, RLG Emphasizes Importance of Rohrabacher-Farr

Banking for the Cannabis Industry

Other than the fact that cannabis remains federally illegal, the single largest issue that cannabis companies run into is cash management – most banks are unwilling to accept cannabis cash, and as such, businesses are often forced to keep large amounts of cash on hand to cover the costs of doing … Read more about Banking for the Cannabis Industry