Canna Law Blog

NOVEMBER 13, 2021

215, I was recently interviewed on KCRW to give my take on how California (and specifically the City of Los Angeles) has done when it comes to legalizing and licensing cannabis businesses. 215 legalized medical cannabis in 1996–it didn’t. 215 wasn’t about legalizing, regulating, and taxing cannabis at all.

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Compliance Compliance Programs Collective 76

Canna Law Blog

JULY 7, 2020

Last December, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, FinCEN and the Office of the Comptroller of the Currency, in consultation with the Conference of State Bank Supervisors, issued a three-page hemp banking statement. The FinCEN Guidance clarifies and expands upon the 2019 statement.

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Banking Hemp Compliance Compliance 54

NORML

MARCH 15, 2019

Additionally, Representatives Charlie Crist (D-FL) and Don Young (R-AK) introduced The Fairness in Federal Drug Testing Under State Laws Act to explicitly bar federal agencies from discriminating against workers solely because of their status as a cannabis consumer, or due to testing positive for marijuana use on a workplace drug test.

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Legislation Hemp Compliance Compliance 143

Canna Law Blog

DECEMBER 5, 2019

Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law. The joint guidance makes clear that banks have discretion about what services to offer, but that bank clients must comply with applicable law.

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Banking Hemp Compliance Compliance 64

Canna Law Blog

SEPTEMBER 14, 2020

I wrote about the thresholds for whether CCPA applies here , and the moral of the story is that the bar can be pretty low when it comes to application of the law. For businesses that are subject to CCPA, compliance can be rough. Comply with a legal obligation. The deletion right is what I want to focus on today.

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Business Compliance Compliance Collective 54

Cannabis Law Report

AUGUST 8, 2019

investors in cannabis-related entities, where the activity is legal in its jurisdiction but not legal in the U.K., That said, the legal position is not clear cut. investment community as to the boundaries of legal risk and compliance. Legal Status of Cannabis in the U.K., In the meantime, U.K. and Canada.

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Legalization Banking Compliance Compliance 40

Cannabis Law Report

NOVEMBER 2, 2021

The companies are advertising it as a legal way to get high, touting medical benefits and generally making big promises about what they can deliver, but an investigation from the US Cannabis Council has found illegal levels of delta-9 THC in products for sale around the country. The Legality of Delta-8 THC. What Needs to be Done?

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THC CBD Legalization Vaping 96

Cannabis Law Report

DECEMBER 16, 2021

The CDC promoted a policy that prohibits employees from using marijuana while on the job but recognized that a zero-tolerance policy for marijuana use may not be possible, depending on the relevant state law. Customers will get a warning that they must be of legal age to enter the virtual storefront through the app.

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Cannabinoids Retail Policy Cultivation 52

The Blunt Truth

JULY 5, 2023

Starting August 1, 2023, Minnesota will provide protections to individuals who use cannabis for recreational purposes, after Minnesota Governor Tim Walz signed a state law allowing adults 21 and older to use recreational cannabis. The new law amends the state’s Consumable Products Act to protect off-duty cannabis use.

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Law Recreational Policy Treatment 52

Cannabis Law Report

AUGUST 19, 2021

The company and its product are recognized globally and offer a collection of over 150 proprietary cannabis varieties and product lines including indoor and sungrown flower, pre-rolls, gel capsules, vape cartridges, CBD Flower and medicinal mushrooms. Caution Regarding Cannabis Operations in the United States.

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Cultivation Seed-To-Sale Conditions Business 105

Cannabis Law Report

SEPTEMBER 24, 2019

Status in the Senate is uncertain, as the chair of the Banking Committee has indicated an intent to poll those in Idaho, a state that has failed to legalize any form of cannabis, regarding the issue.

Banking 40

Banking Law Compliance Compliance 40

Cannabis Law Report

SEPTEMBER 21, 2021

Connecticut recently legalized recreational marijuana use by adults. The new law creates complex employment protections for recreational marijuana users. The legal doctrine of federal preemption is based upon the Supremacy Clause—Article VI, Paragraph 2 of the U.S. Potential Preemption under the National Labor Relations Act.

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Collective Legislation Conditions Cannabis 52

Marijuana Lawyer Blog

APRIL 15, 2019

This was true even here in California, where medical marijuana has been legal since 1996 and even with the passage of Prop. 64 that legalized recreational use. 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.

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Policy Programs Banking History 45

Canna Law Blog

OCTOBER 29, 2019

State and Tribal Plans. The 2018 Farm Bill requires states and Indian Tribes to submit hemp cultivation plans to the USDA. The interim hemp rules require that these plans include a practice to collect, maintain and report information on hemp cultivators, the land where hemp is produced, and the status and number of licenses issued.

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Hemp THC Compliance Compliance 67

Cannabis Law Report

JULY 22, 2019

In a joint op-ed in Fox Business today, American Bankers Association President and CEO Rob Nichols and Credit Union National Association President and CEO Jim Nussle called on lawmakers to resolve the existing conflict between federal and state law with respect to proceeds from cannabis-related businesses. Published July 18, 2019.

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Banking Safety Business Legislation 40

Cannabis Law Report

FEBRUARY 16, 2022

Cautionary Note Regarding Forward-Looking Information This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian and United States securities legislation.

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Dispensary Cultivation Conditions Law 52

Cannabis Law Report

DECEMBER 23, 2019

It has been two years since California began licensing yet operators still struggle with compliance and are all still de facto, breaking one law or another. 2019 Defining Moments in California Cannabis Law . The End of the Collective Era. | Dec 20, 2019 . Co-Author: Meital Manzuri, Esq. January 2019. As of Jan.

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Law Banking Hemp Retail 59

The Herb Collective

JANUARY 3, 2019

The first state to legalize marijuana for medical use was California. In 1996, voters passed the Compassionate Use Act, and over the past two decades, it has seen a lot of changes and structure within its cannabis laws. The state has also placed limits on how much THC/CBD can be in some cannabis products.

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Law Marijuana Recreational Business 51

Greenspoon Marder Cannabis Law Group Blog

NOVEMBER 4, 2019

The Sixteenth Amendment permits Congress to “collect taxes on incomes.” [8] The majority rejected all of these arguments and denied the motion for partial summary judgment. 8] Taxable income under the Sixteenth Amendment “may be defined as the gain derived from capital, from labor, or from both combined.” [9]

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Legislation Business State Laws Compliance 40

Marijuana Lawyer Blog

OCTOBER 31, 2018

Cannabis companies hat clear state compliance hurdles may have an existing brand that’s strong (or choose to create a whole new one for a fresh start). The previously tight-knit, communal feel many in the cannabis industry had prior to recreational legalization. Call us at 714-937-2050.

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Business Cannabis Marijuana Legalization 40

Cannabis Law Report

MAY 29, 2019

This new law expands the scope of the New York City Human Rights Law’s prohibitions on making pre-employment inquiries, which already preclude employers from seeking information about applicants’ criminal conviction , credit and salary histories. Practical Guidance.

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Law Policy Legislation Conditions 40

SpeedWeed

MARCH 8, 2021

There are five important “categories,” that require company leaders’ utmost focus and attention as they launch a compliant cannabis business in a newly legal state. Without compliance boxes checked, the operation will not be able to launch. In order to be a legal cannabis business, companies will need to pay up.

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Compliance Compliance Business Seed-To-Sale 52

Greenspoon Marder Cannabis Law Group Blog

APRIL 19, 2021

With the passage of House Bill 19-1230 allowing for state-licensed hospitality licenses, Denver needed to modify its marijuana consumption program to comply with the new state law. The above bill repeals I-300 in its entirety and below is a summary of the ordinance set to replace it.

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Marijuana Consumption Retail Business 76

Cannabis Law Report

APRIL 13, 2022

Its recreational use was legalized only recently, in March of 2021. However, New York is hardly alone in adopting such measures – in fact, it is only one of 37 states that allow the medical use of cannabis and one of 18 that allow its nonmedical use by adults. New York on Cannabis. Section 280E.

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Business Cannabis Law Decriminalization 52

Cannabis Law Report

NOVEMBER 29, 2021

California is one of the world’s largest legal cannabis markets, with sales expected to reach US$7.4 StateHouse will have a unique ability to navigate the operating challenges in the state and capitalize on the combined potential of the businesses we are acquiring. Financial and Legal Advisors. billion by 2025[3].

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Business Retail Cultivation Cannabis 52

Cannabis Law Report

SEPTEMBER 25, 2019

Throughout the regulatory process, the Commission relied on the expertise of colleagues and staff who have been on the ground implementing the legal marketplace as well as the valuable experiences and feedback of patients, consumers, residents, and businesses. Hoffman said.

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Marijuana Safety Programs Retail 40

Cannabis Law Report

JULY 27, 2019

It is impossible to ignore the serious legal and business complications of franchising a cannabis business due to marijuana being illegal under federal law. Banks, landlords, insurance companies and other service providers remain skittish about doing business with companies that are essentially breaking federal law.

Supply Chain 40

Supply Chain Programs Business Retail 40

The Blunt Truth

OCTOBER 29, 2019

The 2018 Farm Bill, which federally legalized hemp (formerly a Schedule I drug like its close cousin, marijuana), opened the gates for mass hemp production—well, almost. Until then, the USDA seeks to add some clarity to the conversation so that States, Indian Tribes, and cannabis producers can plan accordingly.

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Hemp Legislation CBD Research and Development 45

Cannabis Law Report

APRIL 24, 2019

CPA’s “ PUBLISHER: CANNABIS LAW REPORT. Federal Legalization – Then What? Let’s think through a couple of scenarios and have a peek at the landscape in a post-legalization world. Let’s begin with the following: STATES Act Becomes Law. Federal Legalization – Then What?

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Legalization Collective DEA Banking 58

Cannabis Law Report

MAY 16, 2022

As New Jersey nears the end of its first month of legal recreational marijuana sales, lawmakers have introduced a series of bills aimed at restricting what types of workers can use cannabis off the job. Another bill ( A3914 ), sponsored by Assemblyman Lou Greenwald (D-Camden), would also prohibit law enforcement from using cannabis.

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Consumption Legislation Programs Concentrates 52

Cannabis Law Report

MAY 26, 2022

Instead, adult-use dispensaries in the state are proving the system works by checking IDs as required by state law. The study , entitled “What is the likelihood that underage youth can obtain marijuana from licensed recreational marijuana outlets in California, a state where recreational marijuana is legal?”

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Dispensary Research and Development Safety Recreational 52

Cannabis Law Report

JUNE 15, 2022

In addition, the licensees must execute a management agreement with a third-party operator to manage and operate the remaining facilities that the department will continue to permit in compliance with state law. California Steps Up Tax Collection Efforts. On June 8, 2022, the U.S.

Business 52

Business Marijuana Safety Banking 52

SpeedWeed

MARCH 24, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Tony Repanich, President and Chief Operating Officer of Shield Compliance , a comprehensive compliance management platform for banking cannabis-related businesses. Because there’s a lot of compliance issues in place here. Welcome, Tony.

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Compliance Compliance Banking Data 52

Cannabis Law Report

NOVEMBER 15, 2021

The Village Farms Shares issued under the Share Purchase Agreement are subject to lock-up agreements, and subject to compliance with applicable securities laws, 33% of these shares will be released in four months, another 33% of these shares to be released after eight months and the remaining shares to be released after one year.

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Agriculture Events Retail Environment 52

Cannabis Law Report

DECEMBER 22, 2019

Also an advocate for medical marijuana, Rick believes that success in the legal cannabis industry will hinge on sustainability practices. But in 2018, marijuana legalization has emerged as the platform to raise environmental standards of California’s most infamous green industry. Solutions to reduce our collective U.S.

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Packaging Cannabis Cultivation Agriculture 59

Connor & Connor PLLC

AUGUST 30, 2018

Thirty states and the District of Columbia currently have laws broadly legalizing marijuana in some form. However, marijuana remains illegal under Federal law, and this creates an uncertain landscape for marijuana businesses in the preparation of their Federal income tax returns and in handling an IRS audit.

Business 49

Business Marijuana Banking Collective 49

Greenspoon Marder Cannabis Law Group Blog

JUNE 25, 2021

The courts have consistently held that marijuana dispensaries operating in compliance with state law are trafficking in controlled substances and are subject to Section 280E.[11] The Tax Court in Patients Mutual [15] Assistance Collective Coop. United States , 313 F.2d 1971-83; Peterson Produce Co. 2d 609 (8th Cir.

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Business Cannabis Seed-To-Sale Law 72