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…

Can I Grow Hemp in Texas?

Since implementation of the Agricultural Act of 2018 (“Farm Bill”) on January 1, 2019, we have had several business and individuals in Texas contacting our office regarding growing hemp in Texas. Most want to begin growing hemp on their land in Texas or want to know how to lease their land to a hemp farm…