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Quick Guide to Cannabis Business Opportunities

Canna Law Blog

Although cannabis remains illegal at the federal level, many states and municipalities have loosened their regulations. As of early 2023, 37 states have approved medical cannabis use by qualified individuals, and 21 states have approved it for recreational use. billion from 2020 to 2025 at a CAGR of 21.74%.

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California’s Cannabis Businesses Continue to Struggle Under Federal Limitations

Veriheal

Operating cannabis-based businesses in The Golden State is no easy feat for retailers. With the plant’s legal status confined by the federal Controlled Substances Act (CSA ) boundaries, cannabis stores are still operating illegally. California’s Cannabis Industry Generates $5.6 Billion Annually.

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In Massachusetts, Cannabis Cultivation Workers Can Unionize

Veriheal

The promise of a developing cannabis industry is one of the strongest points in favor of cannabis legalization, both at the state and federal level. It turns out that the cannabis industry could be wonderful for the economy , especially during times such as these when the economy is struggling.

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California’s Cannabis Taxes Are a Disaster

Canna Law Blog

Cannabis regulation efforts are usually sold to voters or legislators with the express promise that a state will be able to milk the new industry for all it’s got through cannabis taxes. To make matters more, unnecessarily complicated, these taxes were not paid by cultivators and retailers, but by middlemen distributors.

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LexBlog Article: New York Cannabis: Lawyers Can Consume, Advise Businesses and Own Them (if They Dare)

Cannabis Law Report

In the continuing trend of normalizing the cannabis industry for practical reasons, the New York State Bar Association’s (NYSBA) Committee on Professional Ethics issued Opinion 1225 (the Opinion). In short, the NYSBA now expressly permits lawyers to represent clients in New York’s recreational cannabis industry.

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Judge Instructs Illinois to Stop Awarding Adult-Use Craft Cannabis Cultivation Licenses

Veriheal

The Illinois high court has rejected a request to permit further licensing for craft cannabis cultivators for the state’s adult-use marijuana program, which launched in January 2020. Craft cannabis cultivation typically involves growing cannabis in small batches, and the farming practices used are organic and sustainable.

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Does Involvement in the Cannabis Industry Preclude Your Business From Bankruptcy Protection?

Cannabis Law Report

Despite the growing public acceptance of marijuana and the fact that a majority of states have legalized marijuana for medicinal purposes (37 states and the District of Columbia have enacted medical marijuana legislation), federal law still treats marijuana cultivation and sale as a criminal offense. See 21 U.S.C. §