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ADVOCACY UPDATE




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Hemp and Cannabis Banking

2/21/2020

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​HB 847 was presented to the Agriculture and Consumer Affairs Committee Representative John Corbett (R), Lake Park on Tuesday.  This Bill relates to hemp farming and establishes certain state requirements in order to comply with federal laws and regulations.  This bill is a clean up from HB 213 from last session.  The USDA did not come out with rules and regulations until last year.  The bill clarifies the ability of a greenhouse grower to sell to a farmer.  In addition, clarification was added so that college and universities can conduct research for third parties. 
 
The author of the bill was very clear that Hemp is not a controlled substance and therefore not subject to civil forfeiture laws.  The prosecuting attorney’s council testified that this is indeed true.  Numerous questions were raised by several legislators about whether or not the bill may be criminalizing hemp and contradicting with federal law.  The core issue during the discussion was presented by the criminal defense attorneys as the lack of willingness or affordability of a test for field officers.  Both the author of the bill and the chairman of the committee indicated that as long as the transporter has the proper paper documentation with them as it relates to Hemp, then there should not be any issues. 
 
The bill was passed by the Committee.  CBA will continue to monitor the progress of the bill.

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    Lori Godfrey
    EVP, Chief of Staff, Government & Regulatory Relations
    View my profile on LinkedIn
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  • HOME
  • ABOUT CBA
    • Board of Directors
    • CBA Committees
    • LEAD Division
    • Office Directions & Hours
    • Our Team
    • Privacy Policy
    • Remembering Julian Hester
  • MEMBERSHIP
    • Member Login
    • Associate Members >
      • Associate Member Benefits & Application
      • Associate Member Directory >
        • Company Listing Update
    • Bank Members >
      • Member Benefits
      • Member Bank Directory >
        • Bank Listing Update
      • Lifetime Service Awards
    • Preferred Service Providers
    • ADVERTISING & SPONSORSHIP OPPORTUNITIES
    • Resources >
      • CBA Legal Hotline
      • CBA Career Center
      • CBA Wellness Solutions
      • April is Community Banking Month
      • Marketing Resources
      • Useful Websites
  • PROFESSIONAL DEVELOPMENT
    • Community Bankers College
    • Programs >
      • Calendar
      • Programs by Functional Category
      • Webinars
      • Banker Regulatory Forum
      • Barret School of Banking
      • Community Bank Leadership Academy
      • Compliance Professionals Package >
        • 2023 Compliance Professionals Package
      • Connect (Convention)
      • Executive Channel
      • HR & Talent Development League
      • WINSPIRE - Women in Banking
    • Resources >
      • Cancellation Policies & Facility Maps
      • Compliance Resources
      • Disaster & Pandemic Support & Preparedness
      • FDIC Regulatory Calendar
      • Financial Literacy
      • Speakers
    • Scholarships/Student Development >
      • Julian & Jan Hester Scholarship
      • McNair Scholarship
      • Walraven Scholarship
      • Rise Up - College Student Development Program
  • PUBLICATIONS
    • Advocacy Update
    • Education Buzz
    • eNewsletter - CBA Today
    • Georgia Communities First Magazine
    • Georgia Financial Directory
    • Innovation Circuit
    • Peachy Posts
    • Swaggin Wagon Adventures
  • ADVOCACY
    • Programs >
      • Clay Shoot
      • TopGolf Tournaments
      • Town Hall Talks
    • Advocacy Fund >
      • T-Shirt Advocacy Fundraiser
      • Corporate Donations
      • Individual Donations
    • Advocacy Update
    • ICBA Plan for Prosperity
    • Locate Your Legislator
    • Priority Legislation SB 157 >
      • SB 157 Survey
    • SBA/PPP Resources >
      • THE CARES ACT & SBA LENDING
      • Paycheck Protection Program
      • PSP & Associate Member Support During Covid-19
    • Silent Auction Items