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Bank of America Shuts Down Cannabis Researchers Bank Account, Texas Delta 8 Law Explained

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Bank of America canceled the account of marijuana and psychedelics researcher Sue Sisley’s Scottsdale Research Institute—even though they have Drug Enforcement Administration approval for their studies.

Bank of America is quoted in saying: “This decision is final and won’t be reconsidered.”

A U.S. Department of Agriculture survey of more than 20,000 hemp producers across the country is officially in the mail as of this week—and state agriculture departments are working to make sure that farmers in their jurisdictions participate.

Texas regulators issued guidance on delta-8 THC.

Texas Health and Safety Code Chapter 443 (HSC 443), established by House Bill 1325 (86th Legislature), allows Consumable Hemp Products in Texas that do not exceed 0.3% Delta-9 tetrahydrocannabinol (THC). All other forms of THC, including Delta-8 in any concentration and Delta-9 exceeding 0.3%, are considered Schedule I controlled substances. A list of Schedule I controlled substances can be found at the following link: Schedule I Controlled Substances.

Complaints regarding controlled substances should be referred to law enforcement. DSHS has no regulatory authority over controlled substances.

The Texas Department of Agriculture (TDA) oversees the growing, harvesting, handling and transporting of hemp. To learn more, visit the TDA’s hemp regulations webpage.

A Maine law decriminalizing drug paraphernalia took effect.

Ohio’s House speaker said he thinks new marijuana legalization legislation will get hearings.

Florida lawmakers filed legislation to allow medical cannabis patients to obtain recommendations via telemedicine.

Texas regulators issued guidance on delta-8 THC.

An Illinois judge will hold a hearing on regulators’ motions to dismiss lawsuits challenging marijuana business licensing award processes on Tuesday.

Italian activists are collecting signatures for a marijuana referendum at in-person events across the country.

A study found that “cannabidiol inhibits SARS-Cov-2 spike protein-induced cytotoxicity and inflammation.”

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