NCUA is Excited for Hemp Banking Last year National Credit Union Administration (NCUA) Chairman, Rodney Hood, encouraged credit unions to thoughtfully consider serving hemp-related businesses within their field of membership[1]. Now in 2020, Chairman Hood sees hemp as an exciting new opportunity for rural communities![2] This month NCUA released additional guidance for credit unions considering…

2020 Sun Cup Winners Gleam Law is proud to be a sponsor of the annual Sun Cup, a competition between outdoor farmers organized by the Washington SunGrowers Industry Association (WSIA). Competition is stiff since many of the state’s top outdoor growers enter submissions. Congratulations to all of this year’s award recipients! Best Full Term THC…

Virginia Governor Signs Bill Regulating CBD as Food Virginia Governor Ralph Northam has signed a bill into law that would classify CBD as food. The importance of this to the hemp and CBD industry cannot be understated. Currently, the FDA has not approved CBD as either Generally Recognized as Safe (GRAS, for introduction to food items) or as a…

Don’t Miss Our 4/20 Reddit AMA It is one of our favorite days of the year, 4/20, and once again, we are celebrating by hosting an Ask Me Anything (AMA) on Reddit. This is an opportunity for us to interact directly with the public to answer any, and we mean any, burning questions you have…

A lot is happening in the news as of late surrounding the COVID-19 pandemic. Keeping apprised of how to best lookout for your health and that of your employees and your patrons may seem like a daunting task. Within the last 24 hours, the OLCC has issued two temporary rules and Governor Brown has issued…

Attorneys in Gleam Law’s Portland office have been working with the Oregon Liquor Control Commission (OLCC) on temporary rule and policy changes that will serve the dual purpose of keeping the industry afloat and promoting safety during the COVID-19 pandemic. In the past 24 hours, the OLCC has issued temporary rule changes to promote these…

Washington State passed the final hurdle for solidifying its status as a hemp-producing powerhouse. On February 20, 2020,  the USDA issued its approval of Washington’s Hemp Plan. The plan was an outgrowth of the passage of Senate Bill 5276, Washington’s Hemp Production Bill, which passed on April 26, 2019.   The Agricultural Improvement Act of…

It’s another busy week for cannabis-related legislation in Olympia, WA. Check out what will be focused on and click the links to get updates on the current status of each bill. The Cannabis Commission (HB 1974) died in committee. Feb. 24th at 1:30 p.m. – House Committee on Gaming & Commerce SB 6057 – Price Differentials…

Update on Hemp Banking On December 3, 2019, the Federal Deposit Insurance Corporation (FDIC) issued a letter to financial institutions highlighting the interagency guidance on providing banking services to customers engaged in hemp production. The letter provided the following: The Agriculture Improvement Act of 2018 (2018 Farm Bill) removed hemp as a Schedule 1 controlled…

King County Superior Court Judge invalidates I-502 Advertising Restrictions In a groundbreaking ruling involving the Washington State Liquor and Cannabis Board, a King County Superior Court judge found a statute and provision of the Washington Administrative Code unconstitutional. The provisions relate to the “content, size, and manner of affixing of on-premises advertising by marijuana retailers.”…