Cannabis Law Report

MAY 11, 2023

CPA Practice Advisor Under the new state law, the business subject to the corporation business tax will be allowed to deduct from income all ordinary expenses associated with managing a licensed cannabis business New Jersey Governor Phil Murphy has signed a bill into law that makes it possible for New Jersey cannabis businesses to deduct some expenses (..)

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Business State Laws Cannabis Law 52

Canna Law Blog

APRIL 28, 2023

We all know the Oregon cannabis industry is struggling. We write often about the causes on a macro level , possible solutions , and what we see as business litigators. As marijuana businesses shutter, employees and employers should pay careful attention to Oregon’s wage laws. as established by federal and state law.

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Business Law Cannabis State Laws 77

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

The NM Political Report | Medical Cannabis Program

DECEMBER 17, 2021

A New Mexico state judge ruled on Thursday that medical cannabis patients cannot purchase the same amount as non-patients when recreational-use sales begin. Prior to the Cannabis Regulation Act, the only way to legally possess cannabis in New Mexico was to be a medical cannabis patient.

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State Laws Patients Law Programs 52

Canna Law Blog

MARCH 20, 2023

We’ve written regularly about the plight of cannabis businesses not being able to secure traditional lending (and other financial services) from major, federally regulated institutions. Despite adoption by a growing number of states, marijuana is (still) federally illegal. How does a Rule 504 exempt offering work?

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Cannabis Law Report

APRIL 17, 2023

. – Today, Congressman Earl Blumenauer, founder and co-chair of the Congressional Cannabis Caucus, introduced the Small Business Tax Equity Act which creates an exception to Internal Revenue Code Section 280E to allow marijuana businesses operating in compliance with state law to take deductions associated with the sale of marijuana like any […] (..)

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SpeedWeed

AUGUST 2, 2021

A recent lawsuit filed against the Oklahoma Medical Marijuana Authority (OMMA) claims that the organization did not make its meeting agenda available to the public, which violated a state law known as the Oklahoma Open Meeting Act. Between January and June 2021, the state has collected $43,166.199 in state and local sales taxes.

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State Laws Law Seed-To-Sale Marijuana 52

Cannabis Law Report

AUGUST 3, 2021

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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Cannabis Law Report

MARCH 18, 2022

A recent raid of a business selling delta-8 THC products in Gwinnett County, Ga., has sparked litigation in the state. A recent raid of a business selling delta-8 THC products in Gwinnett County, Ga., Hemp Grower reports. has sparked a lawsuit against authorities.

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State Laws Law Legalization Hemp 105

Cannabis Law Report

MARCH 17, 2020

As cannabis products become legal in more and more states, commercial interest grows in protecting the trademarks associated with those products. But what about state or common law rights in trademarks for cannabis products? Kiva Brands”) is a leading provider of cannabis-infused chocolates and confections.

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State Laws Law Food Cannabis 59

Cannabis Law Report

JUNE 3, 2022

Last year, recreational cannabis for ages 21 and older was legalized in New York State through the Marijuana Regulation and Taxation Act. On Thursday morning, a zoning map draft for future cannabis businesses in Binghamton was released. They will not be within 500 feet of a school or 200 feet from places of worship.

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Business State Laws Recreational Cannabis 52

NORML

SEPTEMBER 20, 2019

Majority Leader Hoyer on Friday announced that members of the House are anticipated to hold a floor vote next week on The SAFE Banking Act (HR1595), which explicitly permits banks and other financial institutions to work directly with state-legal marijuana businesses.

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Banking Business State Laws Legislation 275

Cannabis Law Report

DECEMBER 28, 2021

On January 1, 2022, two new state laws will become effective in Illinois and Oregon and could cause significant disruption to the vapor industry. We provide background on the legislation and discuss the potential implications for the sales of vapor products in the respective states. By Azim Chowdhury & Taylor D.

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State Laws Law Food Legislation 59

Canna Law Blog

NOVEMBER 3, 2021

I often write about various discrete aspects of cannabis M&A transactions. A full list of my posts, along with other Canna Law Blog contributors’ posts, is linked at the bottom of this post. It almost sounds too obvious , but the first step in any cannabis M&A transaction is to find a potential deal.

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Business Conditions Cannabis Environment 80

Cannabis Law Report

JANUARY 25, 2022

San Diego’s Cannabis Business Division received a $764,261 grant from the California Department of Cannabis Control , intended to develop tools to help businesses comply with local and state laws, it was announced Monday. The Times of San Diego reports.

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SpeedWeed

MARCH 5, 2021

The company said the partnership will use Waitr’s proprietary delivery technology along with Flow’s payment processing capabilities to create a platform that abides by federal and state laws. Major markets for legal marijuana, such as Seattle and Denver, still have a ban on deliveries, despite the coronavirus pandemic.

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Canna Law Blog

DECEMBER 17, 2019

As a corporate and transactional attorney focused mostly on cannabis, I see my fair share of financing documents and transactions involving cannabis operators. The concept of starting a cannabis business on a shoestring budget has never really existed.

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Business Banking Events Cannabis 63

Cannabis Law Report

JUNE 6, 2023

Jeffrey Schultz has joined Foley Hoag LLP as a partner in its Business Department and Cannabis Industry practice, where he will focus on corporate and securities law matters, early company financings, and state-law cannabis regulatory matters. He is resident in the firm’s New York office.

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State Laws Law Cannabis Business 98

Canna Law Blog

FEBRUARY 2, 2024

Two of our international cannabis lawyers, Vince Sliwoski (business) and Adams Lee (international trade), recently joined the Simply Trade podcast for a lively discussion on the international cannabis trade. For more on the international cannabis trade, check out the following posts: Can I Import Marijuana Seeds to the U.S.?

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Compliance Compliance Hemp State Laws 91

Cannabis Law Report

SEPTEMBER 12, 2022

This was not easy for me, as an attorney trained in scouring insurance policies and then litigating them for over a decade, so I cannot imagine how daunting this process is for a small business owner. . When an insured sues an insurer for refusing to pay a claim, it is referred to as a “first party” or in some states, a “bad faith” lawsuit.

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Business Policy Seed-To-Sale Hemp 52

SpeedWeed

AUGUST 21, 2021

As part of the application process, the department is requiring those applicants to participate in classes “to ensure that social equity applicants are prepared for the application process and the challenges of running a marijuana business.”. View original article.

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Business Programs State Laws Dispensary 52

Cannabis Law Report

FEBRUARY 14, 2020

Consumer products law blog. Class actions against CBD companies proliferate under federal and state law. Unless and until the regulatory status of CBD as a therapy or dietary supplement is settled, everyone in the CBD-infused product business is at risk of a run in with a consumer class action as well as FDA enforcement.

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State Laws Law CBD Food 59

Cannabis Law Report

JANUARY 19, 2022

The Institute for Justice argues that the seizures violated state law, federal law, and the U.S. It includes cops who use federal civil forfeiture laws to steal money earned by state-legal marijuana businesses. Constitution. Reports Reason. Here’s the introduction to the must-read Reason story.

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Canna Law Blog

JANUARY 19, 2024

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. For any sale of cannabis, the excise and sales taxes alone will amount to at least 22.5%. Don’t believe me? That’s $22.50

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Retail Legislation Cultivation Oil 112

Cannabis Law Report

DECEMBER 15, 2021

California law requires commercial cannabis licensees with 20 or more non-supervisory employees to enter into a labor peace agreement; however, the legal requirements of such an agreement are far less than labor unions would suggest. Licensees should avoid signing a labor peace agreement without first consulting an attorney.

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Business Collective Cannabis Law 52

Cannabis Law Report

JULY 1, 2022

– Outdated federal barriers to banking services continue to severely impact the legal cannabis industry in Oregon and nationwide. The problem isn’t just about the convenience of engaging in daily banking transactions like any other business, but is a direct safety issue as cannabis businesses are known to have large amounts of cash.

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Banking Business Access Safety 52

Cannabis Law Report

MARCH 23, 2020

Because cannabis is an essential medicine for many residents, the Governor clarified his order on March 22, 2020, by declaring that cannabis retailers are an essential business and workers supporting cannabis retail and dietary supplement retail are an essential worker force.

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Cannabis Law Report

SEPTEMBER 17, 2022

As bankruptcy is only available under federal law, this dichotomy between state and federal law can result in actions that potentially preclude businesses and individuals from accessing the protections afforded under the U.S. Businesses can utilize Chapter 11 to complete a reorganization or a liquidation.

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SpeedWeed

MARCH 8, 2021

The mass reduction and dismissals came almost a year after the San Diego County district attorney’s office submitted a list of cases for relief as part of a state law that required prosecutors to find eligible cases. Eyherabide on Feb. The slowdown was a major reason that granting the motion took nearly a year. View original article.

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Canna Law Blog

SEPTEMBER 14, 2019

As most of us know, bankruptcy is just not an option for the cannabis industry or those even affiliated with it. To date, courts have generally ruled that debtors who work in the cannabis industry or derive meaningful income from cannabis activity (directly or indirectly) cannot use bankruptcy. This is in response to the U.S.

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Cannabis Law Report

APRIL 13, 2022

Although the Budget includes the usual categories of expenditures we have come to expect from Albany, it also introduces certain tax-related measures, some of which are certain to be welcomed by the general business community, and a few that may be meaningful to certain industries. New York on Cannabis.

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Business Cannabis Law Decriminalization 52

Canna Law Blog

MAY 22, 2020

Cannabis isn’t federally legal. Companies who operate in the cannabis space really only have the protection of the state’s laws in which they operate. Even full compliance with state laws is no shield to federal penalties or enforcement. Helix”) provides security services to cannabis businesses.

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Cannabis Law Report

JULY 23, 2020

Maine’s Bangor Daily News reports… Federal and state law enforcement were gathered in large numbers at two Farmington marijuana businesses and other locations in the … Read More.

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SpeedWeed

MARCH 10, 2021

The first topic we’ll cover is how to start a cannabis business, including tips on location, cost, and long-term success in cannabis. While it may seem like state legalization is a green light for cannabis businesses to open up on every corner, it’s not quite that simple.

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Business Banking Seed-To-Sale Research and Development 52

Cannabis Law Report

SEPTEMBER 18, 2022

Akeed Abdo Ahmed Saleh, 38, is charged with possession of a controlled substance with intent to distribute and operating without a city business license. He was arrested after Starkville police executed a search warrant at his business, Bulldog Smoke Shop at 303 Dr. Martin Luther King Jr. 03 percent allowed by state law.

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Packaging Vaping THC State Laws 97

Cannabis Law Report

MARCH 30, 2020

Because cannabis is an essential medicine for many residents, the Governor clarified his order on March 22, 2020, by declaring that cannabis retailers are an essential business and workers supporting cannabis retail and dietary supplement retail are an essential worker force.

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Business Retail Food Agriculture 59

Cannabis Law Report

APRIL 21, 2022

Following in the footsteps of Californians, Coloradoans, Arizonans, and Bay Staters, denizens of the Metaverse can now step inside a cannabis dispensary and purchase cannabis products. Two cannabis brands have staked claims to their own Metaverse storefronts, where they will sell products to real life addresses in all 50 US States.

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