After a quick push to have its first meeting on October 5, 2021, New York’s Cannabis Control Board (CCB) has already scheduled its second meeting for Thursday, October 21, 2021. The meeting will be publicly available via the link embedded in this press release. As we did with the first meeting, we will be providing
Cannabis licensing has a pretty standard trajectory by this point in time. States tend to start out with medical programs and later adopt recreational programs. What usually happens is that the recreational cannabis market swallows up the medical market. The majority of medical operators will seek out and get authorization to sell recreational cannabis, and
Seen as a protectionist, cottage measure to some stakeholders, residency requirements for cannabis licensure have been a staple in the industry since Washington and Colorado legalized cannabis statewide back in 2012. When I lived in Seattle, the local industry was mostly stoked then that “big money” and out-of-state interests couldn’t easily crash the party that
Our cannabis business lawyers frequently receive emails from blog readers asking them where they can be found on social media. Today, we’ll respond to those emails and to let all of our readers know about the full extent of our social media presence. If you can’t get enough of Canna Law Blog, you can find
My last post in this series, which ran a few weeks ago, went over some of the more common representations and warranties you’d see in the average cannabis M&A transaction. In that post, I briefly mentioned disclosure schedules, which are an integral part of a purchase agreement and its reps and warranties. Today, I’ll get
Insurance is a key part of any business (or home). That is no less true in cannabis and several insurers—at least on West Coast—provide insurance for marijuana businesses as well as hemp. The barriers to purchasing insurance related to hemp, of course, decreased substantially following the enactment of the 2018 Farm Bill. But purchasing an
Last week, New York’s Cannabis Control Board (“CCB”) held its first meeting since the enactment of the Marijuana Regulation and Taxation Act (the “MRTA”) and announced the transition of the State’s Cannabinoid Hemp Program (the “Program”) from the Department of Health (“DOH”) to the Office of Cannabis Management (“OCM”) – OCM is tasked with administering
Back in October 2019, Deputy Kayra Harding introduced a bill (Proyecto de Ley No. 323) to promote the development of the hemp industry in Panama. The bill would establish a licensing regime for hemp cultivation and processing. Hemp is defined as cannabis whose THC content does not exceed 1.5% on a dry weight basis. However,
As we anticipated, AB-45, California’s comprehensive legislation that finally regulates (and legitimizes) industrial hemp products is now law and takes effect immediately. Governor Newsom signed the bill into law this week. Pretty huge step in the right direction for California’s booming hemp products marketplace. How far has California come on the hemp spectrum when it
There are a lot of bad ways to set up a cannabis business, and we like to think that we’ve seen them all. But there’s probably no worse category than 50/50 ownership of a business – a recipe for all sorts of disasters. Let’s look and why that is, and some ways to avoid it.
