Illinois MMJ News

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ICYMI: The New FinCEN Hemp Banking Guidance

Last week, the Financial Crimes Enforcement Network (FinCEN), issued new guidance (the “FinCEN Guidance”) for financial institutions working with hemp-related businesses. The FinCEN Guidance centers on due diligence requirements as related to the Bank Secrecy Act (BSA). This guidance follows closely on the new National Credit Union Administration (NCUA) guidance for federally-chartered credit unions, which …

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Jamaica to Help Small Farmers Enter the Cannabis Industry

Jamaica is making it easier for its small business owners and farmers to enter the cannabis industry. The Cannabis Licensing Authority of Jamaica (CLA) announced in late June that its special permit policy is in an advance stage of completion and consultations with interested parties have begun. The goal of the CLA is to lower …

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Cannabis May Reduce Deadly COVID-19 Lung Inflammation: Researchers Explain Why

As COVID-19 cases continue to rise, researchers have started to look for solutions in an unlikely place – the cannabis plant. Cannabis’ active compounds have a number of properties that make it appealing as a potential adjunct treatment for infections from the novel coronavirus, and recently scientists have begun looking at its potential for reducing …

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Cannabis Leases: Eight Important Tenant Considerations

Cannabis laws give landlords a unique amount of control and bargaining power over tenants. This usually translates to above-market rent and one-sided lease agreements. Fighting with landlords is no fun, especially for cannabis tenants who cannot simply relocate to a new property and must deal with their lessor for the life of a license. In …

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