Does Medical Licensing Make Sense in Recreational Jurisdictions?

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

hemp cannabis california

Hemp, Hemp, Hooray in California! AB 45 is Now Law

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

california cannabis financial ownership license dcc

California’s Adopted Emergency Cannabis Regulations: What Made the Cut

We wrote a couple of times about the Department of Cannabis Control’s (DCC) proposed emergency regulations. See here and here. Under those regulations, some interesting changes were proposed around the definitions of owners and financial interest holders, alongside restrictions on license stacking on “contiguous” premises (among other things). On September 15, 2021, the DCC submitted

california cbd hemp cdph

Don’t Get too Hyped on California’s New Hemp Law Just Yet

Last week, AB-45 completed its run through the California legislature and was presented to Governor Gavin Newsom for his signature, which is probably imminent. Once he signs it, the law takes effect and will pave the way for legal CBD consumables, while banning (at least temporarily) any kind of hemp-derived inhalable product. If you want

California Psychedelic Law Updates

It’s been a while since I provided an update on the state of California psychedelics law, but there have been a few important updates in the last few weeks, so it’s now that time. Before jumping in, I’ll remind readers that currently, all psychedelics are illegal under federal law unless a person has received an

california cbd hemp

Industrial Hemp Products, Including CBD, are Finally Legit in California

Many people ignore or just don’t want to believe the fact that, until recently, California was a bit of a villain when it comes to the manufacture, distribution, and sale of industrial hemp derived products, namely hemp CBD in food, beverages, dietary supplements, animal products, and cosmetics. However, AB-45 is going to change all of

california cannabis emergency regulations

BREAKING NEWS: California Drops New Emergency Cannabis Regulations

On September 8, 2021, the California Department of Cannabis Control (DCC) published proposed emergency cannabis regulations. These emergency regulations harmonize the previous regulations that were ported over from the prior three agencies into one combined set, and they modify some of those rules and add also new ones. The DCC also published a revised set

rico california cannabis

When the Hunted Becomes the Hunter: Cannabis Companies Turn to RICO

We’ve been writing about Racketeer Influenced and Corrupt Organizations Act (“RICO”) lawsuits and cannabis companies since 2015. See: Federal Judge Tosses MMJ RICO Lawsuit: Don’t Let This Happen To You Cannabis Case Summary: Civil RICO Much Ado About RICO (including parts 2, 3, 4, and 5) The Neighborhood “Gangbusters”: Avoiding Cannabis RICO Lawsuits Cannabis RICO

cannabis M&A closing conditions

Cannabis M&A: Common Closing Conditions

Most business purchase transactions we see in the cannabis space are structured to have a concept of “closing”, which I’ve described before here. Essentially, this means that the parties sign, there is some gap of time for them to take care of certain things, and then the business is sold. Today, I want to examine