Back in November 2025, President Trump signed the “Continuing Appropriations, Agriculture, Legislative Branch, Military Construction and Veterans Affairs, and Extensions Act” (H.R. 5371) which effectively created a federal ban on intoxicating hemp-derived THC products such as delta‑8, delta‑10, high-THCA items, and certain synthetic cannabinoids. In essence, it closed the hemp loophole which ultimately means certain products that were in fact “legal” may now be considered illegal marijuana products.
This obviously has the potential to significantly impact financial institutions and their BSA/AML/CFT policies and procedures.
While the change was slated to take effect on November 12, 2026, we recently learned that the effective date has been pushed back to December 11, 2026.
Emily explains this change and the potential impact in the video:
Published 2026/10/27