Canna Law Blog

APRIL 6, 2019

Unfortunately still the position for most banks and hemp. Shortly after the 2018 Farm Bill passed, legalizing industrial hemp, we predicted that banking services for hemp businesses would be slow going. Legal hemp businesses should be treated just like any other businesses and not discriminated against,” the letters urged.

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Banking Hemp Access Business 77

Cannabis Law Report

SEPTEMBER 25, 2019

House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act 321-103. It is the first standalone cannabis policy reform bill to ever reach a House floor vote. Neal Levine of the Cannabis Trade Federation states … The bipartisan SAFE Banking Act ( H.R.1595 1595 ) was introduced by Reps.

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Banking Safety Compliance Compliance 55

Cannabis Law Report

JUNE 8, 2021

We discussed a number of topics, including: My first-hand experience with CBD and my path to representing businesses in the cannabis industry. Some of the biggest legal challenges that cannabis businesses face, such as the lack of access to banking, and merchant processing. You can contact him by clicking here.

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Hemp CBD Legalization Banking 105

Cannabis Law Report

MAY 25, 2022

There’s been a string of robberies affecting Washington State cannabis dispensaries, culminating in three deaths over just four days in March. Those robberies have led to tremendous personal and financial losses, not to mention additional operating hurdles for legitimate cannabis business owners. Hint: it’s not about cannabis.

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Business Law Banking Dispensary 52

Canna Law Blog

AUGUST 1, 2023

One of the most important business decisions cannabis businesses need to make is whether to lease or buy real estate. I have worked on too many cannabis real estate transactions to count. 1 – Deferring costs for a later day Even long before the cannabis recession , cannabis businesses were cash strapped. . #1

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Banking Hash Business Cannabis 63

Cannabis Life Network

OCTOBER 11, 2019

Cannabis is Canada is legal, and was sold as being big business, but as we approach the one year mark of Canadian cannabis legalization, big banks across the country are turning away from weed money.

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Banking Business Legalization Cannabis 41

Cannabis Law Report

MARCH 13, 2019

Here’s their press release in full…… DeJoy, Knauf & Blood LLP Launches Cannabis and Hemp Advisory Practice. DKB’s expertise and experience with other regulated industries, especially the alcoholic beverage market, can help make sure businesses get it right. ROCHESTER, N.Y., ROCHESTER, N.Y.,

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Hemp Business Banking Concentrates 71

Cannabis Law Report

APRIL 18, 2022

Cannabis Law Firm of the Year for 2022. Since 2015, Duane Morris’ Cannabis Industry Group has represented businesses and individuals at every level of the commercial cannabis (marijuana and hemp) ecosystem. cannabis company. cannabis company.

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Burns Levinson (Cannabusiness advisory)

MARCH 23, 2022

Readers, welcome back to the CannaBusiness Advisory blog! It has been a busy last few months as we took a short hiatus from publishing weekly posts. Burns & Levinson’s 2021 Annual State of the Cannabis Industry Conference was our biggest and most successful event since we kicked off the conference series five years ago.

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Events Business Law Cannabis 80

The Blunt Truth

JUNE 11, 2020

Our big news this week is that the American Bar Association asked the Small Business Administration to make marijuana-related companies eligible for relief funds. We have a look at which states are most likely to legalize cannabis and there’s more on the Petsmart saga. There’s plenty of state news also. new jersey.

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Pets Decriminalization Banking Programs 95

Cannabis Life Network

NOVEMBER 15, 2019

· Supreme Cannabis achieves 122% year-over-year net revenue growth, Q1 2020 gross margin of 62%, and reports Adjusted EBITDA of $(4.9 The post Supreme Cannabis Announces Q1 2020 Financial Results and $90 million Credit Facility led by Bank of Montreal appeared first on Cannabis News | Lifestyle Tips | Expert Opinions | Stocks.

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Banking Cannabis Business Marijuana 41

Canna Law Blog

FEBRUARY 23, 2023

The cannabis industry is in dire straits, perhaps even in a recession. Cannabis businesses cannot seek standard bankruptcy protections and are looking for creative ways to deal with the distressed market. A business that is simply “abandoned” (i.e., It also may look different for the type of entity at issue.

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Banking Business Cannabis Law 75

Otherside Farms

MAY 5, 2020

It is very challenging to manage finances in any business, especially when it comes to small businesses. Financing for the cannabis industry is much harder to secure because of the complex regulations associated with this industry; most transactions have to be made in cash. Financing Options for Weed Businesses.

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Business Banking Seed-To-Sale Compliance 52

Canna Law Blog

MARCH 11, 2022

The policy is part of the Marijuana Regulation and Taxation Act’s (MRTA) social and economic equity plan, which Simon Malinowski wrote about in this blog post last April. See How New York Cannabis Legalization Prioritizes Equity , New York Cannabis: $200 Million for Social Equity. These programs are not without critics ).

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Retail Policy Banking Programs 79

Cannabis Law Report

APRIL 28, 2022

A group of Illinois cannabis companies face an antitrust lawsuit alleging that they maintained illegal interlocking directorates. On April 18, 2022, a plaintiff named True Social Equity in Cannabis, an association of consumers, workers, and others in Illinois, filed a complaint in the Northern District of Illinois alleging that Akerna Corp.,

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Banking Environment Business Cannabis 52

The Blunt Truth

OCTOBER 17, 2019

You might think news about Rudy Giuliani and Ukraine wouldn’t appear on a blog devoted to cannabis, but you’d be wrong. One of their targets was a Nevada gubernatorial candidate; they hoped he would provide them with a cannabis license. Finally, times have changed in higher education.

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Banking Education Packaging Legislation 49

The Blunt Truth

SEPTEMBER 26, 2019

In addition to banking, research loomed large on the federal scene. Both the FDA and NIH are looking into cannabis products. In other federal news, the 10th Circuit Court of Appeals ruled that marijuana businesses must comply with the Fair Labor Standards Act (FLSA). We blogged about this decision here.

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Banking Recreational Legislation Topical 76

Cannabis Law Report

JANUARY 10, 2020

To kick off 2020, we thought it would make sense to provide an update on what’s been going on in Illinois over the last few weeks (there’s been a lot) and is continuing to keep us extremely busy. This unfortunate incident underscores two important and related issues the cannabis industry is wrestling with: banking and security.

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Banking Dispensary Agriculture Recreational 59

Otherside Farms

AUGUST 4, 2020

Any entrepreneur looking to get onto something big should look at the opportunities that the cannabis industry offers. Concrete extraction technicians, researchers, marijuana cultivators, marketers, marijuana processors, cannabis branding, and developers will all have a place in the industry. A Business Plan. Fund your Business.

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Business Banking Dispensary Research and Development 52

Canna Law Blog

AUGUST 24, 2023

Most cannabis companies are not wound up properly, some cannabis companies (and their owners) suffer repercussions for this, and all cannabis companies (and their owners, and investors!) This blog post will cover some basics on the cannabis business wind-up process. Most businesses eventually fail.

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Cannabis Business Banking Topical 70

Burns Levinson (Cannabusiness advisory)

APRIL 7, 2022

Earlier this week, Burns & Levinson’s attorneys Lauren Medeiros Forster and Gustav Stickley V (Gus) spoke on a panel hosted by the Law Firm Alliance about their experiences practicing law in the red-hot cannabis industry. Today on the blog, they’re sharing their perspectives, experiences as cannabis attorneys, and industry predictions.

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Cannabis Law Business Banking 84

Cannabis Law Report

JANUARY 1, 2020

Teri reports at her blog Smashmouth. A private text exchange between an Aphria deal lawyer and a member of the board calls into question the accuracy of an regulatory filing with the Securities and Exchange Commission about a bid cannabis company Green Growth Brands made to takeover Aphria. 31 Dec 2019.

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Banking Media Business Cannabis 59

Canna Law Blog

AUGUST 2, 2022

The Oregon Liquor and Cannabis Commission (OLCC) plans to drop the hammer on bad actors in the regulated Oregon market. For good effect, it is subtitled “Bad actors won’t get an easy off-ramp to sell their business.” For good effect, it is subtitled “Bad actors won’t get an easy off-ramp to sell their business.”

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Cannabis Life Network

FEBRUARY 24, 2020

It was recently reported that the Business Development Bank of Canada (BDC) – a venture capital and business development-focused bank aimed at fostering business in Canada – isn’t listening to pitches from cannabis businesses that work directly with the plant.

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Banking Business Cannabis Legalization 71

Canna Law Blog

AUGUST 14, 2020

On August 5 th , Harris Bricken attorneys Griffen Thorne , Jihee Ahn and Jesse Mondry presented a webinar entitled Cannabis Litigation – Trends And Q&A. If you missed the live webinar, we will publish a replay tomorrow here on the blog. The webinar was well attended, and we received numerous questions from the audience.

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Canna Law Blog

JUNE 24, 2019

If you think your Chinese investor will be able to get your cannabis venture the promised investment funds any time soon, you are in for a long slog. In conducting due diligence about his investment, I was interested to see that he was the only person involved in the business who was non-Chinese. Chinese would-be investors in U.S.

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Business Banking Cannabis Law 57

Canna Law Blog

NOVEMBER 17, 2021

It was the first conference for the ABA’s new Global Cannabis section and the first live event I’ve done since COVID started. The panel discussed “Legal Ethics in International Cannabis.” ” My colleague Adams Lee participated too, but on another panel covering the international cannabis trade. b): Misconduct.

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Cannabis Law Report

FEBRUARY 24, 2022

In recent months, our office has received inquiries from entrepreneurs eager to obtain a license in New York’s yet-to-be established legal cannabis market. Because, as the saying goes, idle hands are the devil’s plaything, this post outlines five mistakes to avoid if you want a New York cannabis license. We share their excitement!

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Business Consumption Law Cannabis 52

Cannabis Law Report

AUGUST 22, 2019

Three South Florida men have been arrested as part of a ring of cannabis stock manipulators by the Northern Ohio Department of Justice. bank accounts. The cannabis stocks involved in the scheme include: PotNetwork Holdings ($POTN) , Vaper Group ($VPOR) , and White Label Liquid ($WLAB). bank accounts. Dror Svorai.

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Banking Media Cannabis Law 85

Cannabis Law Report

JUNE 13, 2022

It has already been a busy year for marijuana law! Governor Daniel McKee signed the Rhode Island Cannabis Act. The statute: Legalizes possession of small amounts of marijuana and cultivation of up to three mature and three immature cannabis plants per dwelling for personal use. Stanley Jutkowitz. June 13, 2022. Development.

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Law Marijuana Legislation Retail 52

Canna Law Blog

JULY 27, 2023

It’s pretty easy to write about everything that’s going wrong in today’s cannabis industry. Today, I want to change gears and talk about some of the strategies we’ve seen work for distressed cannabis businesses in the past. Yes, some of these strategies may seem obvious at first.

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Business Cannabis Supply Chain Banking 52

Otherside Farms

MAY 20, 2020

For one, you will need a business license. Most small businesses will register as Limited Liability Corporations (LLC). The recent legalization of CBD with the Farm Bill (2018) has opened the floodgates to CBD businesses. Open a Bank Account & Find a Payment Processor. Get Your Licenses. Research the Market.

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CBD Packaging Banking Research and Development 52

Canna Law Blog

MAY 1, 2022

Unfazed by the federal leadership vacuum on cannabis, states continue to roll out cannabis proposals and programs. A total of 34 states considered cannabis reform proposals in 2021. I’ve spent a good deal of time noodling and directly experiencing what works and what does not in state cannabis regulation.

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Cannabis Law Report

AUGUST 21, 2019

PUBLISHER: CANNABIS LAW REPORT. IRS Updates CTR Exams – While we do a very significant amount of writing for our clients, partners, friends and the cannabis industry in California as a whole, we also do a very substantial amount of reading, and perhaps our three “go-to reads” are. AUTHOR: “Jordan Zoot. “ aBIZinaBOX Inc.,

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Banking Data Access Business 45

Marijuana Lawyer Blog

APRIL 15, 2019

Attorney General said he’d favor a new bill protecting cannabis businesses and users from federal prosecution as long as they were in compliance with federal law. This measure has broad bipartisan support, as does another that would shield banks doing business with these companies from federal money laundering charges.

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Canna Law Blog

JULY 30, 2019

Commercial cannabis licensing in California kicked off on January 1, 2018. Attorney General, Jeff Sessions, rescinded all former Department of Justice guidance on federal enforcement of the Controlled Substances Act in states with legal cannabis. All state commercial cannabis markets take time to establish and settle out, though.

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Dykema (Cannabis Law Blog)

JULY 8, 2020

The most notable change to the medical prequalification application include the elimination of the disclosure requiring bank account information in its entirety, including 12 months of statements for all accounts. Instead, more limited information about other business interests is now requested in the body of the application.

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Recreational Marijuana Banking History 40