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Can someone tell this to our bank? 😂 it will get easier they say, yes, it will, one day. We are one step closer. The number of banks in the United States willing to lend to hemp producers can be counted on one hand. That is about to change. Federal and state bank regulators announced Tuesday that they were scrapping a burdensome requirement that banks said kept them away from the hemp business. Banks will no longer have to treat their hemp customers as suspicious and file reams of paperwork to anti-money-laundering authorities for each interaction. The change could provide a major boost to a niche product that began its own legalization process last year. “Banking has been an ongoing problem,” said Erica McBride Stark, the executive director of the National Hemp Association, a trade group for growers. “So this actually should be quite helpful.” ADVERTISEMENT Continue reading the main story Hemp products are made from the same plants that produce marijuana, but they are cultivated to have far less tetrahydrocannabinol, or THC, the chemical that produces a “high” when ingested. The plants’ stalks can be woven into fabric and their seeds processed into oils used in food, but they cannot be made into drugs. Even so, federal law long considered hemp to be as forbidden as cocaine and heroin. But with the legalization of marijuana spreading across the country — 33 states have legalized the drug for medical use and 11 states will allow sales for recreational use by January — lawmakers in Washington decided to do away with the designation for its milder sibling. Unlock more free articles. Create an account or log in Last year Congress legalized hemp as a crop and directed the Agriculture Department to start regulating hemp production. It took the agency almost a year to devise rules for the industry, but once they were released, on Oct. 31, bank regulators prepared to take action. Tuesday’s statement, from the Federal Reserve, the Federal Deposit Insurance Company and other state and federal regulators, informs banks that they can now treat hemp producers like other customers, as long as the companies can prove they’re following licensing requirements. HEMP Pol

I think we all know what hemp contains as well 😉 🙏 Mice with pancreatic cancer treated with a combination of cannabidiol (CBD) and chemotherapy survived nearly three times longer than those treated with chemotherapy alone, according to a new study that spotlights the potential for human treatment. CBD, the non-psychoactive (non-intoxicating) compound in marijuana, has already been shown to improve side effects of chemotherapy like nausea and vomiting. The latest results provide more justification for testing in humans, building on prior animal research that uncovered possible anti-cancer properties of the compound. “Cannabidiol is already approved for use in clinics [in the UK], which means we can quickly go on to test this in human clinical trials,” said lead researcher Marco Falasca from Queen Mary University of London. While human trials involving CBD as a cancer treatment may move faster in the UK, similar efforts could face obstacles in the U.S., where CBD derived from marijuana is still considered an illegal (Schedule 1) substance under federal law. Progress is being made, however, with the US FDA approving the first drug comprised of CBD to treat severe forms of epilepsy in June of this year. Pancreatic cancer is among the deadliest forms of cancer in the world in terms of overall survival rates. According to the American Cancer Society, for all stages of pancreatic cancer combined, the one-year relative survival rate is 20%, and the five-year rate is just under 7%. It’s the 12th most common cancer globally, with the highest incidence occuring in developed countries. “The life expectancy for pancreatic cancer patients has barely changed in the last 40 years because there are very few, and mostly only palliative care, treatments available,” Dr. Falasca added in a press statement. “Given the five-year survival rate for people with pancreatic cancer is less than seven percent, the discovery of new treatments and therapeutic strategies is urgently needed.” While this study hasn’t yet been replicated in humans, the results underscore the importance of continued research involving marijuana compounds. As we’ve seen since the legalization moveme

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Whoops! Put that in your pipe and smoke it 😂 USPS all day ✊ New York City police took a 106-pound shipment of cannabis off the streets. Soon after they did that, there are questions as to whether the packages were actually legal hemp and not weed. And the possible mix-up has some Vermont farmers out thousands of dollars. In the fields in New Haven, hemp farmers are racing to harvest the last of this year’s commercial crop. To get it dried and packaged for the market isn’t easy, and Jahala Dudley, of Fox Holler Farms, said he was pretty happy to get the 106-pound shipment out the door Friday night. “Everything was fine,” she said. “We’ve done shipments with FedEx before, many times.” Federal Express in Williston signed off and sent the shipment to Brooklyn, where someone apparently tipped off the NYPD. Officers quickly seized the shipment and arrested the representative for the buyer, a CBD store in New York City. The police department then posted the news on Facebook and Twitter, congratulating their officers of the 75th Precinct for their relentless effort to keep 106 pounds of weed off city streets. According to the farmer, the shipment is all legal, and that they did everything by the books. The farmers said they really tried to do everything the right way. Hemp strains may look and smell just like cannabis. Growers say every box contained clear documentation and test results showing “undetectable levels of THC.” If the hemp contains less than 0.3% THC it is legal to ship to all 50 states. An NYPD spokesman said Tuesday he was unaware of any mistake. Now, a shipment worth $17,500 sits in a police warehouse. “This shipment will make or break the farm this year,” Dudley said. “If this sale goes through, we’re going to be OK. We’re going to break even. If this sale doesn’t go through, we didn’t break even this year.” Vermont’s Agency of Agriculture is also involved now, trying to help sort out the error. Meantime, the two young farmers wait. Dudley says a lawyer told her to make one change going forward — switch to the using the U.S. Postal Service.