Cannabis companies move a million miles an hour. Many cannabis companies don’t spend nearly enough time focusing on the “basics,” such as corporate governance and getting things in writing (for more posts on why handshake deals are bad, see articles linked at the bottom of this post). Another area where many cannabis businesses need some
As we noted in our summary of the big Cannabis Control Board meeting on May 11, 2023, one significant revision to the New York adult-use rules and regulations was the creation of the “provisional license.” This mechanism allows applicant to be provisionally licensed without having secured real estate prior to submitting an application. Provisional licensing
New York’s Office of Cannabis Management (OCM) announced they plan to allow conditional cultivators and retailers to organize and sell weed at farmers’ markets this summer. Hopefully, these cannabis farmers’ markets could help unclog New York’s legal weed supply chain. During a meeting with the Cannabis Association of New York, OCM Director of Policy John Kagia told
The California cannabis market is truly struggling all the way around. Cannabis businesses and those who work with them closely face mounting financial pressure. Because of the credit crunch in California cannabis, the state and various impacted distributors and brands are taking steps to help shore up the issues created by cannabis companies that can’t
Today is Memorial Day in the United States. For our international readers, today is designated for remembering military personnel who died while serving in the U.S. armed forces. Here’s to a peaceful day of reflection and appreciation. We will be back tomorrow with our regular programming.
New York’s release of the revised adult-use rules and regulations has been well-publicized. A key revision that was the source of significant speculation was whether the Office of Cannabis Management (OCM) and Cannabis Control Board (CCB) would revise the True Party of Interest (TPI) definition with respect to ancillary service providers and the monetary limits
Minnesota is poised to legalize adult-use cannabis with the approval of HF 100 by the state legislature. Governor Tim Walz is expected to sign the bill soon (and may in fact have done so by the time this post goes live), making Minnesota the 23rd state (plus DC, Guam, the Marianas, and the Virgin Islands)
News broke yesterday which will affect quite a few people in the Oregon cannabis industry. Chalice Brands Ltd. (CSA: CHAL) obtained a court order in Ontario, Canada (“Initial Order”) which grants the company and its affiliates protection (a “stay”) from creditors. At least temporarily. The Initial Order is here and the Chalice press release is
Last week, my colleague Jesse Mondry and I spent an hour discussing the challenging state of the cannabis industry and how it’s been impacting those who are considering litigation or other dispute resolution options. If you weren’t able to attend the webinar, below are some of the key discussion points and takeaways. We’re seeing even
We have been working with the Oregon Liquor and Cannabis Commission incessantly since 2015, when rulemaking commenced for the adult use program. Over the years, we’ve dealt with many, many compliance-related issues, including Notices of Proposed License Cancellation to licensee clients from OLCC. We’ve also seen the Commission change its position and philosophy drastically on
