continue reading » Greetings Compliance Friends!A few weeks ago, we provided an update on the Marijuana Banking Landscape, including NCUA’s recent Regulatory Alert 19-02 which reaffirms credit unions’ authority to serve lawful industrial hemp businesses and provides a Bank Secrecy Act (BSA) framework for hemp banking. Since this time, the U.S. Department of Agriculture (USDA) has issued an interim final rule establishing a regulatory regime for domestic hemp production. In light of these developments, NAFCU expects NCUA to update its guidance at a future time. Until then, recent joint guidance from financial regulators may help credit unions further develop their BSA/AML compliance program if making the business decision to serve hemp-related businesses.The USDA’s Interim Final RuleAs a refresher, hemp is defined as the plant cannabis sativa and any part or derivative of that plant with a delta-9 tetrahydrocannabinol concentration (THC level) of not more than 0.3 percent. The THC level is what separates hemp from marijuana, and a THC level at or below 0.3 percent does not cause an intoxicating “high” effect. The cultivation of hemp was fully legalized under the Agriculture Improvement Act of 2018 (2018 Farm Bill) which distinguished hemp from the definition of “marihuana” under the Controlled Substances Act of 1970 (CSA). A few years prior, the Agricultural Act of 2014 (2014 Farm Bill) permitted hemp production where authorized through a state or tribe’s research and development pilot program. The 2018 Farm Bill extends this authorization, providing states and tribes the option to regulate hemp production within their borders. The law also requires USDA to establish procedures for approving state or tribal plans and for regulating lawful domestically-produced hemp in states or tribes without a USDA-approved plan. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
From the sound of it, those guys are letting the rookies know how they feel.“They make it apparent,” Shamet said before Game 2. “That’s important too, for rookies, to constantly get the affirmation that you’re where you’re supposed to be, doing what you’re supposed to be doing, knowing you’re gonna make mistakes, but that’s basketball.“They make it obvious that they believe in us and want us to help contribute.”What that looked like through their first two games: Twenty-year-old Gilgeous-Alexander averaged 11 points and shot 50 percent from 3-point range, and used his go-go-gadget arms to collect four steals, three blocked shots – in addition to six assists, including that especially savvy, monumentally clutch one.And Shamet, 22, who fired fearlessly – going 5 for 13 from 3-point range in his first 53 playoff minutes – and impressed Clippers coach Doc Rivers with how effectively he’s chased around Klay Thompson and Steph Curry. Clippers vs. Mavericks Game 5 playoff updates from NBA beat reporters LOS ANGELES — One hundred-to-one odds that if you asked anyone in the Clippers organization about starting guards Shai Gilgeous-Alexander and Landry Shamet in the past few weeks, their answer would have included the word “poise.”It’s a fitting description for the pair, whose pass and shot plunged the dagger into the Golden State Warriors’ sweep aspirations as the Clippers completed their historic playoff comeback victory on Monday in Oakland.“No matter how big the moment is, it’s the poise of them,” said Patrick Beverley, the team’s emotional leader, earlier this week. “You stress the right play so much throughout the season and then when it comes to a big game like that, Shai could’ve easily … gotten to his midrange, but he made the right play.”“Man,” JaMychal Green said. “They’ve been doing a great job. They’re playing with a lot of poise, I don’t even think they’re rookies; they’re not playing like rookies out there.” Clippers hope they can play to their capabilities, quell Mavericks’ momentum Kristaps Porzingis ruled out as Clippers, Mavericks set for Game 5; Follow for game updates Newsroom GuidelinesNews TipsContact UsReport an Error For Lakers’ LeBron James, Jacob Blake’s shooting is bigger issue than a big Game 4 victory Related Articles What the Clippers are saying the day after Luka Doncic’s game-winner tied series, 2-2 “I’ve been impressed with that, just the speed defensively (and) his ability to pick up the gameplan for such a young guy,” Rivers said. “He’s probably carrying it out better than almost anybody on our team, so yeah, I’ve been very impressed. J.J. Redick told me we were getting that when we got him, he texted and told me, ‘You won’t believe how focused this guy is. He does not act his age.’ ”FRONT OFFICE IN DEMANDThe Clippers granted New Orleans permission to discuss a senior front-office position with their assistant general manager Trent Redden, ESPN first reported and a league source confirmed.Redden and David Griffin, the Pelicans’ new executive vice president of basketball operations, worked together in Cleveland when the Cavaliers won the 2016 NBA title.Redden stepped into his role with the Clippers – whose front office is headed by President of Basketball Operations Lawrence Frank – shortly after leaving Cleveland in 2017.Clippers General Manager Michael Winger also is expected to interview with the Minnesota Timberwolves for their president of basketball operations role, a league source said.