How to Get a Credit Union Account for Your Hemp Business

Commercial marijuana activity remains a federal crime,  and the Bank Secrecy Act (“BSA”) generally prohibits financial institutions from accepting marijuana-generated dollars. Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law. That includes regularly submitting Suspicious Activity Reports (“SARs”) to the Financial Crimes Enforcement

Cannabis Litigation Options: The Benefits of a Receivership

Thank you to everyone who joined us for the “The Top 12 Alternative Dispute Resolution Strategies” webinar last week. We received a ton of questions on a lot of really interesting topics, and we will be spending the next few weeks addressing those we couldn’t fully get to during the one-hour period. We received a

The Biggest Pitfalls of California Cannabis Leases in 2019

We’ve written many times about how commercial leases to cannabis tenants are their own beasts. Generic leases don’t ever the job done. And, in California, as bad as some landlords want to rely solely on AIR and CAR forms, we generally caution landlords to have a customized lease arrangement when dealing with a cannabis tenant.

Grading the Democratic Presidential Candidates on Marijuana: Beto O’Rourke

Each Saturday, we have been running a series of blog posts that take a close look at each of the Democratic Party candidates for President in 2020. We examine each candidate’s historic approach to marijuana law and policy, and we also canvas their current respective stances on marijuana. Over the past six weeks, we covered Joe

So How Did It Go? – The SAFE Banking Act Senate Hearing

As we reported last week, a Senate Banking Committee hearing occurred this past Tuesday to consider the SAFE Banking Act. In short, the hearing didn’t display as much GOP sway or support as we were hoping for. For one, none of the Republican committee members attended the hearing aside from Committee Chairman Mike Crapo (R-ID)

California Cannabis Cultivator Brings RICO Claims Against Fellow Cultivator, But Not For The Reason You Might Think

In what appears to be a first, a veteran commercial cannabis cultivator in Santa Barbara County has sued another cannabis cultivator for, among many other claims, violating the federal Racketeer Influenced and Corrupt Organizations Act (RICO). According to the complaint, the defendants defrauded the plaintiff as one of many business partners, investors, and otherwise unsophisticated

Yes, Washington, You Really Need Cannabis Business Insurance

In a prior post I discussed some general insurance issues for cannabis business owners to consider. Today we’ll take a deep dive into Washington State insurance for cannabis businesses. As is the case with most emerging industries, the pace of marijuana business continues to outstrip the development of ancillary but crucial services (see California Approves

Foreign Direct Investment (FDI) from China in U.S. Cannabis Businesses

If you think your Chinese investor will be able to get your cannabis venture the promised investment funds any time soon, you are in for a long slog. Most companies do not care who provides their investment capital (as long as the investors are content being passive investors), and Chinese households have typically been lauded

Everyone’s Asking: Why Isn’t the Marijuana Banking Act Moving in the Senate?

The banking associations from all 50 states and 1 U.S. territory sent a joint letter to leaders of the Senate Banking Committee on Monday, to urge advancement of bipartisan legislation that would protect financial institutions that service marijuana businesses. The banking associations complained that while the SAFE Banking Act cleared the House Financial Services Committee

Take Your Hemp or CBD Company Public on the TSX

Banking, intellectual property, food and beverage (and cosmetics), international trade, domestic trade, state laws, ag production contracts, etc., etc. When it comes to industrial hemp, the 2018 Farm Bill upended all of these things. Our cannabis business lawyers have been busy advising a large number of new hemp and hemp-CBD businesses getting in on the