The SAFE Banking Act of 2019 passes the House Financial Services Committee

What is one of the biggest problems facing cannabis businesses today? What to do with the money. Currently, most banks are reluctant to service cannabis businesses as such activity could threaten the bank’s charter since marijuana remains a Schedule I substance federally. Cannabis businesses cannot generally use credit cards or electronic funds transfers. Cash, which…

Hemp to be Descheduled by SHS in Texas

If you have been following the blog, then you know that hemp and CBD are both considered illegal substances under current Texas statutory law. However, we  have some clarity and action from the Texas Department of State Health Services (“SHS”) in relation to its scheduling of controlled substances. The Drugs and Medical Devices Division of…

Is CBD Legal? Part III: Texas Law

If you live in Texas, you have probably noticed some of the recent news segments and articles regarding the question of CBD legality in Texas. Currently, there are several Texas counties that are actively raiding stores selling CBD goods and seizing those goods. Others are charging and prosecuting end-users of CBD products. On every news…

Is CBD Legal? Part I: Federal Law

What is CBD? Cannibidiol (CBD) is a natural phytocannibinoid found in the Cannabis sativa plant. Unlike tetrahydrocannabinol (THC), CBD will not cause a user to experience hallucinogenic or other psychoactive effects. CBD has been hailed as a miracle compound, with many clinical studies finding that its analgesic, chemopreventitive, and anti-inflammatory properties may be used in…

Texas Supreme Court Declines to Decide Whether ANTI-SLAPP Motion Applies in Pre-Suit Depositions in Texas

The Texas Supreme Court punted on deciding an important issue for litigants facing online defamation and disparagement in Glassdoor, Inc. v. Andra Group, LP, No. 17-0463 (Tex. January 25, 2019).   The Texas Citizens Participation Act (“TCPA”), often referred to as the Texas Anti-SLAPP law, protects the first amendment freedoms of individuals and businesses.  It…

Chelsie Spencer featured on “Cannabis and Credit Unions: The Opportunities and Risks”

Ritter Spencer Attorney Chelsie Spencer is featured on “Cannabis and Credit Unions: The Opportunities and Risks” podcast with Robert McGarvey, who recently interviewed Ms. Spencer on issues facing credit unions seeking to service cannabis accounts. Mr. McGarvey is an expert in credit union technology and frequently covers issues affecting the credit union industry.   On…