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How Strong Is Your Cannabis Trademark?

Canna Law Blog

Descriptive Marks Descriptive marks directly describe the goods or services (e.g., These marks are too weak to function as trademarks unless they acquire secondary meaning usually through long-term, exclusive use in commerce (typically five years or more). No amount of use or recognition will make a generic term protectable.

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Cannabis Report FY2024 (IDPH portion)

Illinois News Joint

Separate votes for a “qualifying term” to the condition also was recommended for Painful Ovarian Cyst and Painful Uterine Fibroid. The division chief position was filled, and three processors and four customer service staff were hired and received onboarding, orientation, and training.

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Dispensary 33 and Spark’d to be first employee-owned dispensaries in Illinois

Illinois News Joint

An Employee Stock Ownership Plan is a retirement plan where a company contributes its stock to a trust, which then holds the stock for the benefit of its employees, allowing them to gain ownership in the company and the potential to grow long-term wealth. For more information on News Joint Bar Service, visit here.

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Ayr Wellness to sell four Illinois dispensaries

Illinois News Joint

Ayr President George DeNardo said Thursday during the companys fourth-quarter and full-year 2024 earnings call that Ayr will prioritize other markets to make sure it can deliver for its other business and stated that the company doesnt have the necessary scale in Illinois to compete over the long term, Green Market Report reported.

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Illinois State Treasurer issues RFP for cannabis tax banking services

Illinois News Joint

The Office of the Illinois State Treasurer (Treasurer) this week issued a Request for Proposals (RFP) for banking services for cash processing of medical and recreational cannabis tax payments. The Contractor shall enter into a contract with the Treasurer (Agreement) for an initial term of four years. June 4, 2025.

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Virginia: Marijuana Decriminalization Takes Effect July 1

NORML

The new law takes effect July 1, 2020 and reduces penalties for offenses involving personal possession of up to one ounce of marijuana to a civil violation – punishable by a maximum $25 fine, no arrest, and no criminal record. “This victory comes after many years of sustained effort by Virginia NORML and its membership. .

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Report: Adult Use Legalization Associated With Increased Home Values

NORML

The passage of statewide adult use marijuana laws is associated with an immediate uptick in housing prices, according to an assessment published by the online service Clever Real Estate. By contrast, the study did not identify a similar significant increase in home prices in cities where only medical cannabis was legally regulated.