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📰🌱 Cannabidiol News March 23 2019

posted Mar 23, 2019, 3:40 AM by Scott Salisbury   [ updated Mar 23, 2019, 4:51 AM ]




Seattle Washington
Q13 News Seattle
Now a local scientist is embarking on a new clinical trial studying CBD in hopes of helping children with a rare disorder called Fragile X syndrome.

Seattle Washington 

CVS also just announcing that they will start selling CBD products at 800 stores in 8 states.
Washington state is not one of the eight.


Banking

Cannabis Business Times
 🔥🔥🔥🔥🔥The law states banks can hold your money for 180 days. 
Brian Baum was pulling up to the Dallas-Fort Worth International Airport on March 19 when he got an email alert: His merchant services account had been terminated. The CEO of hemp-derived CBD product manufacturer Cannovia tells Cannabis Business Times that Evalon’s abrupt message forced him and his team into damage-control mode. They weren’t alone. 

SAFE Banking Act, which boasts 138 co-sponsors in the U.S. House.
The SAFE Banking Act, indeed, would go well beyond the merchant services provided briefly by the Evalons of the world. The legislation would open up the playing field for financial institutions interested in working with cannabis clients that are obeying state law, as well as with ancillary businesses that are otherwise vulnerable to money-laundering prosecution and other financial crimes. Already, it’s gotten more traction that nearly any other cannabis reform bill ever introduced in Washington.The SAFE Banking Act would prevent federal banking regulators from punishing banks for working with cannabis related businesses that are obeying state laws or halting their services, taking action on loans made to those businesses, or limiting a depository institution’s access to the Deposit Insurance Fund. The bill would also protect ancillary businesses that work with the cannabis industry from being charged with money laundering and other financial crimes, and requires the Financial Institution Examination Council to develop guidance to help credit unions and banks understand how to lawfully serve cannabis businesses. 


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GlobeNewswire
Hemp, Inc. CEO Bruce Perlowin Recognized as Man of the Year for Outstanding Achievement in the American Hemp Industry SPRING HOPE, NC, March 22, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with bi-coastal processing centers including the 85,000 square-foot multipurpose industrial hemp processing facility in Spring Hope, North Carolina, a state of the art processing center in Medford, Oregon, and a 500-acre hemp growing Eco-Village in Golden Valley, Arizona, announced today Hemp, Inc. CEO, Bruce Perlowin accepted The First Annual Hemp Awards recognition as “Man of the Year” for 2018, at the ASD Market Week show in Las Vegas.



Canada buys into Pennsylvania
Canopy Growth

Philly.com
Canadian cannabis giant plants a flag in Pennsylvania plans hemp industrial parks across the U.S.

Canopy Growth Corp., the Canadian cannabis behemoth, is acquiring AgriNextUSA of Reading with an eye on building its hemp business in the United States.

AgriNextUSA has been headed by Geoff Whaling, an evangelist for hemp and its many applications. Whaling said Canopy’s chairman, Bruce Linton, called him right after President Donald Trump signed the 2018 Farm Bill that legalized hemp and asked, “When are we growing hemp?”



Oregon 
Under proposed changes for the 2020 growing season, growers would pay a $250 registration fee plus $500 for each field; someone with one field would pay a total of $750. The state as of March 18 registered 730 growers planning to produce on a total of 22,167 acres this year, up from 584 who worked 11,514 acres in 2018.


TEXAS
Come April 5, hemp is being removed from the state of Texas list of controlled substances. 


State by State weekly
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