As business owners continue to wonder when all CBD products will be eligible for trademarks, the primary obstacle stems from conflicting federal regulations—including those related to food and drugs and the Farm Bill—and state rules regarding cannabis products. One such area involves federal banking regulations and the cannabis industry.

Last month, the U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing to re-introduce a crucial piece of legislation designed to address banking challenges faced by state-legalized cannabis businesses. Despite its name, the Banking Act (also known as the Secure and Fair Enforcement (SAFE) Banking Act) could be a significant step toward federal legalization of cannabis, which is expected to harmonize federal laws and bring consistency with state laws pertaining to cannabis.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]