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President Biden Announces Next Step in Reclassification of Cannabis

by Omar Figueroa and Lauren Mendelsohn May 16, 2024   On May 16, 2024, the Biden Administration announced that the United States Department of Justice is taking the next step in the reclassification of cannabis from a Schedule I controlled substance to a Schedule III controlled substance — which would […]

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U.S. Department of Health and Human Services (HHS) Recommends that Cannabis Be Rescheduled to Schedule III Under Federal Law

by Omar Figueroa and Lauren Mendelsohn August 30, 2023 The U.S. Department of Health and Human Services (HHS) is suggesting that cannabis should be reclassified from Schedule I to Schedule III under federal law. This significant shift reflects the view that cannabis no longer has a high potential for abuse […]

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DEA Confirms that Cannabis Seeds, Tissue Culture, and Other Genetic Material Are Not Necessarily Controlled under the CSA

by Omar Figueroa December 21, 2022     The Drug Enforcement Administration (DEA) has confirmed that any seed, tissue culture, or other genetic material is not controlled under the Controlled Substances Act (CSA) as long as it has less than 0.3% of delta-9-THC. Specifically, on December 20, 2022, the DEA […]

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Federal Bank Regulators OK Hemp Banking and Financial Services

December 6, 2019 By Andrew Kingsdale On December 3, 2019, federal banking agencies released a joint statement clarifying requirements under the Bank Secrecy Act (BSA) for banks providing financial services to hemp growers.  Because hemp is no longer a Schedule I controlled substance under the Controlled Substances Act, banks are […]

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Attorney General Jeff Sessions Rescinds Federal Memoranda Regarding Marijuana Enforcement

January 4, 2018 – Today, United States Attorney General Jefferson B. Sessions, III rescinded a number of federal memoranda that provided guidance regarding marijuana and medical marijuana enforcement. Included in the memos that were rescinded is the Cole Memo, which laid out eight marijuana enforcement priorities for federal prosecutors in […]

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