Canna Law Blog

NOVEMBER 16, 2023

We are helping build out another cannabis banking program here in Oregon. MRB defined The term “MRB” is used pervasively in cannabis banking, yet this term is not defined in the moldering 2014 Financial Crimes Enforcement Network “FinCEN” Guidance. And I apologize in advance for all the acronyms. That’s banking.

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Cannabis Law Report

MAY 16, 2022

Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. The 15% excise tax on cannabis sales would remain, and the collection and remittance of that tax would be limited to retail sales beginning January 1, 2023.

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Cannabis Law Report

JUNE 21, 2022

It was the best of times… the passage of the Virginia Cannabis Control Act (CCA) in 2021 was celebrated by many as the first bill in the South to legalize adult-use cannabis (read about the status of cannabis programs in other Southern states here ). By Agustin Rodriguez & Christina Sava. June 21, 2022.

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Cannabis Law Report

MAY 13, 2022

Good afternoon, The Governor’s Office today released a revised 2022-23 state budget proposal, building on the state’s ongoing work to make historic investments in California’s future, including efforts to create a safe, sustainable, and equitable legal cannabis market. million to help expand access to legal retail throughout California.

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Canna Law Blog

MARCH 7, 2023

Cannabis and business immigration don’t mix. That’s not because a particular investment may not be sound, rather because federal law creates inherent conflicts between immigration eligibility and participating in a cannabis venture. EB-5 program. Cannabis and immigration U.S. Bright Green Corp., Not necessarily.

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Canna Law Blog

JUNE 26, 2023

It’s been an eventful month in Oregon cannabis. Overall, we expect ongoing issues given the novelty of the proceeding: neither the Court nor OLCC, nor anyone, anywhere, has seen a court-supervised sell-off of cannabis assets at anything near this scale. The Chalice receivership I covered this last month as the ship was going down.

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Cannabis Law Report

JULY 11, 2022

AB-195 contains several significant reforms to California’s cannabis laws. The most noteworthy changes are outlined below, beginning with the much-anticipated changes to cannabis taxes. California Cannabis Cultivation Tax Eliminated. The budget trailer bill eliminated the cannabis cultivation tax beginning July 1, 2022.

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Canna Law Blog

AUGUST 30, 2023

It’s no secret that the cannabis industry is on a steep decline in a variety of states, including California. We have time and again written about the specific woes plaguing the California cannabis industry. Cannabis repeal may be on the horizon. Of course, cannabis NIMBYs are not unique to California.

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Cannabis Law Report

SEPTEMBER 16, 2022

The changes in the cannabis industry in Southeastern United States represent some of the most surprising and remarkable changes in the history of the industry. The South is well positioned to be a leader in the cannabis industry, and in some ways, it should be expected. Existing Cannabis Regimes. Hunter Robinson. Slates Veazey.

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Canna Law Blog

OCTOBER 28, 2019

Seems like not a month goes by in California where the Assembly isn’t trying to pass a slew of cannabis bills to help regulate the state’s industry under the Medicinal and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA”). There’s no real gold standard for state cannabis taxation.

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Cannabis Law Report

SEPTEMBER 10, 2022

The Oregon legislative Task Force on Cannabis-Derived Intoxicants and Illegal Cannabis Production is exploring potential reforms to the state’s regulation of cannabinoid products and legislation for 2023 to combat what law enforcement believes is an increase in illicit marijuana production.

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Greenspoon Marder Cannabis Law Group Blog

APRIL 19, 2021

Ordinance Repealing the Cannabis Consumption Pilot Program. Ordinance Repealing the Cannabis Consumption Pilot Program. Although I-300 was undoubtedly a milestone for cannabis normalization, because of the restrictive nature of the bill, no more than a handful of businesses were granted a Denver consumption license.

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Cannabis Law Report

NOVEMBER 13, 2019

Europe, forecasted to be the world’s biggest legal cannabis market by 2024 will exceed North America, the dominant market today, according to Prohibition Partners. They are learning quickly from the successes and failures in Canada’s legal medical cannabis program that has been active since 2001.

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WeedAdvisor

AUGUST 20, 2019

In the world of legal cannabis, we could argue that California is famous for two things. This means that the black market currently takes in about 68% of the state’s total cannabis revenue. Assuming the current trend continues, predictions state that by 2024, $7.2 billion this year, with $8.7 billion this year, with $8.7

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Cannabis Law Report

AUGUST 18, 2021

Cannabis Market Upon Federal Legalization. cannabis legalization (or Tilray’s waiver of such condition).In cannabis legalization (or Tilray’s waiver of such condition).In MedMen is a leading cannabis retail brand in the U.S., It’ll be interesting to see if they run with the MedMen brand. Prior to U.S.

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Cannabis Law Report

AUGUST 17, 2021

Cannabis Market Upon Federal Legalization. cannabis legalization (or Tilray’s waiver of such condition).In MedMen is a leading cannabis retail brand in the U.S., cannabis market, is a critical step towards delivering on our objective as we work to enable Tilray to lead the U.S. Prior to U.S.

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Cannabis Law Report

FEBRUARY 8, 2020

Cannabis sustainability has a long, winding road ahead before perceptible change occurs and progress slowly begins. As a society, we are obsessed with “ green ,” regardless of your definition: money, cannabis, recycling, or our politics.

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Cannabis Law Report

AUGUST 18, 2021

As we previously reported , on February 22, 2021, New Jersey Governor Phil Murphy signed three separate cannabis reform bills into law ( NJ A21 , NJ A 1897 , and NJ A5342/NJ S3454 ), formally legalizing the use and possession of recreational marijuana in the Garden State. Other jurisdictions are catching up to the marijuana law frenzy.

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Cannabis Law Report

AUGUST 4, 2021

from the second half of 2021 onwards as the Group fully repaid in May and June 2021 its 2022 and 2023 Eurobonds and successfully purchased a significant portion of its 2024 and 2026 Eurobonds which were bearing much higher interest rates. Second investment grade credit rating from Fitch Ratings after the one secured with Moody’s last year.

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