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Last Dance with Mary Jane? Faltering Cannabis Businesses May Have a Bankruptcy Option in Addition to State Law Remedies

Cannabis Law Report

Veazey on March 27, 2023 For at least the past decade, federal bankruptcy courts have routinely prohibited cannabis businesses from seeking protection under federal bankruptcy law, regardless of whether a cannabis business is legally operating under state law.

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Quick Guide to Cannabis Business Opportunities

Canna Law Blog

Business Opportunities in the Cannabis Industry There are two main categories of cannabis businesses — plant-touching and ancillary. The legal requirements for each type are different, so it’s essential to research the laws around the company you want to start.

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California’s AG Argues “none of the state’s cannabis businesses operating on provisional licenses are entitled to due process under state law.”

Cannabis Law Report

California’s attorney general argued in a recent court filing that none of the state’s cannabis businesses operating on provisional licenses … Read More. The post California’s AG Argues “none of the state’s cannabis businesses operating on provisional licenses are entitled to due process under state law.”

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Equity Incentives and Cannabis Businesses

Canna Law Blog

Today, we’ll look at a few key issues for cannabis businesses that want to offer equity incentives. Rule 701 does not preempt state law. States are free to impose additional requirements on the issuance of equity securities, and many do. State laws can be vary widely here.

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Cannabis Workers, Unemployment Insurance, and the Small Business Administration: What You Need to Know

NORML

There is no doubt that the COVID-19 pandemic is adversely impacting businesses around the world, and smaller businesses especially. In short, federal anti-drug laws continue to define the state-authorized cannabis industry, and those who work in it, as drug felons. even if the business is legal under local or state law.”

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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. Based on federal law, anyone who cultivates, sells, consumes, possesses, distributes, or transports the plant will face criminal prosecution in federal court. ” Cannabis Companies Require State and Local Licenses.

Business 104
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Oklahoma Medical Marijuana Authority Sued for Violating State Law

SpeedWeed

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.