The Act would remove cannabis from the Controlled Substances Act, provide detailed banking protections for the cannabis industry, allow military veterans access to state-legal cannabis programs, and expand the ability for cannabis research. Industry leaders view the Bill as a promising development in the progress of much needed federal reform efforts. Unfortunately, the new measure […]
This case had the potential to rock the cannabis industry, because of the large number of companies creating products that contain many of the ingredients specified in the ‘911 patent. As patenting activity in the cannabis landscape has continued to increase so has the number of patent challenges. Concurrently, in December 2020 Canopy Growth Corporation […]
Attorney General Confirms Cannabis Use Is Not a Justice Department Enforcement Priority – Attorney General Merrick Garland confirmed in a recent House subcommittee meeting that enforcement against cannabis use in states where it has been legalized is “not a good use of our resources” or a priority for the Department of Justice. Kay Ivey “hopes” […]
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A designation such as “Russian River Valley” in Sonoma, therefore, does more than just stroke the vanity of the given region—it sets and helps to preserve customers’ expectations regarding products’ location-related qualities and characteristics. The CAP will allow regional groups of cannabis cultivators to apply for the establishment of a regional appellation that would identify […]
Every day there are articles and postings about potential new “investments” – Bitcoin, NFT’s, and SPAC’s. Given the magnitude and the implications of this responsibility, fiduciaries are charged with acting prudently. Legions of consultants stand ready to assist plan fiduciaries in determining whether a manager or strategy fits within an asset allocation plan or within […]
Billions of dollars have been invested in cannabis Real Estate Investment Trusts , had a stock value of $183.93 per share and a market capitalization of $4.16 billion as of the date of this article. This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social […]
Senate Banking Committee Chairman Suggests Uncertainty About Tying Marijuana Banking Bill to More Comprehensive Marijuana Bill – Senate leadership is considering how best to proceed following House passage of the Secure and Fair Enforcement , chairman of the Senate Banking Committee, despite previously suggesting that cannabis banking and sentencing reform be addressed in the same […]
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Between hitting an all-time high trading price over $63,000, landing on the balance sheets of major companies, and being recognized as inevitable by financial institutions that once tried to avoid it, the rise of Bitcoin – and the broader adoption of cryptocurrency – is one of the bigger stories of 2021. Innovative employers are responding […]
While the New York City Council enacted legislation on May 10, 2020, prohibiting many private employers from conducting pre-hire marijuana testing as a condition of employment, the MRTA expands protections for off-duty cannabis use across New York State. The MRTA also provides protections for employees who use cannabis for medical reasons. The MRTA expressly allows […]
The SAFE Banking Act would prohibit regulators from penalizing banks and other depository institutions under federal money laundering laws for providing banking services to state-authorized cannabis businesses. Key US Senator Downplays Hopes for Quick Action on Marijuana Banking Bill – Sen. Advocates, Democrats Plan to Push Major Pot Reform – Senate Majority Leader Chuck Schumer […]
In an industry that runs on innovation and differentiation, a cannabis brand’s identity is among its most valuable—and most prone to copying—assets. Following the enactment of the 2018 Farm Bill, trademark registration for hemp and hemp-derived CBD products and services are federally available with the USPTO. Generally, there is a path available for achieving some […]
The recent legalization of adult-use cannabis in New York State has created enormous economic opportunity in the state, but taking advantage of those opportunities may bring harsh immigration consequences for foreign nationals currently in the U.S. However, there remains a legal gray area regarding the potential impact of passively investing in the cannabis industry that […]
The City of Denver recently released a report which found that 75% of cannabis business owners are white, 6% of owners and cannabis industry employees are Black or African American, 13% of cannabis business owners are Hispanic, Latino, or Spanish and 12% of cannabis industry employees are Hispanic, Latino, or Spanish. We anticipate that many […]
Fox, managing partner of VS Strategies, and godfather of the industry, paved the path for nationwide legalization efforts and was instrumental in cannabis reform throughout the country for decades. This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. …Read the full story
The Marijuana Regulation and Taxation Act makes it unlawful for any employer to refuse to hire, employ, discharge or otherwise take an adverse employment action against an individual or job applicant because of his/her legal use of cannabis. As previously provided in New York’s Compassionate Care Act , certified patients, under the statute, may not […]
Under the law, people over 21 will be permitted to possess up to two ounces of cannabis, and grow up to six plants in their homes, with a maximum of 12 per household. The Act creates a Cannabis Control Division . A Cannabis Regulatory Advisory Committee will be formed by September 1, 2021 and will […]