CBD Trademarks - 2019 Update

CBD Trademarks 2019 Update: USPTO distinguishes between cannabis and CBD and provides guidance for brands filing for Trademarks. Must be lawful products under FDA regulations and contain less than 0.3% THC. Any applications filed before the Farm Bill (12/20/2018) must be amended and refiled.

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Psilocybin Update - House Amendment fails; Oakland Decriminalizes

AOC introduced an amendment that would have allowed further research into psilocybin - the House rejected the amendment this week; also earlier in June the Oakland City Council passed a resolution to decriminalize psilocybin and other Psychedelics.

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Can California Vets Prescribe Cannabis to Pets? SB 627

California Senate Bill 627 would allow vets to prescribe medical cannabis to animals, if it becomes law. This would avoid the unnecessary use of other pharmaceutical products on pets and provide holistic therapeutic treatment.

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SB 51 Cannabis Banking Reform Progresses in California

Many cannabis businesses in California remain unbanked due to the perceived risks of banking with cannabis companies. Despite FinCEN guidance and different levels of SARs reporting available to banks, many still steer clear of cannabis companies, viewing it as too risky. The result is that even though over 500 banks have filed cannabis related SARs recently, thousands of cannabis companies in California are still operating on a cash-only basis. To address this issue, California’s State Senator Bob Hertzberg has re-introduced a bill that would enable limited-purpose banking through private banks and credit unions. Senate Bill 51 would create the Cannabis Limited Charter Bank and Credit Union Law and a corresponding advisory board to oversee all financial activity related to cannabis businesses opting to use these state-chartered cannabis banks.

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AB 1356 Cannabis Retail - State Proposal says No More NIMBY

AB 1356 would create more cannabis retail opportunities in California by placing a minimum requirement on cities and counties that voted over 50% in favor of Proposition 64

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