federal cannabis legislation

Federal Cannabis Legislation Roundup: Part 1

With so many new proposals for reconceptualized federal cannabis legislation floating around Congress, this summary should help clarify the differences to distinguish each bill from the others. This post will cover the MORE Act, the PREPARE Act, the States Reform Act, and the Cannabis Administration and Opportunity Act. Part two in this series will cover

foreign direct investment cannabis

Four Considerations for Foreign Investors in U.S. Cannabis

Foreign investors (often in countries that prohibit cannabis) are eager to invest in burgeoning state cannabis markets in the U.S. This can often go very wrong, especially if the investor gets bad legal or tax advice. Our cannabis attorneys and our foreign direct investment team have seen these problems crop up again and again. Today,

federal cannabis legislation prepare act

Federal Cannabis Legislation: PREPARE Act

On Thursday, a bipartisan collection of congressmen introduced a bill that would require to US Attorney General to lead a commission to oversee the process of making recommendations for a cannabis regulation system comparable to the current alcohol regulation system. The bill, called the Preparing Regulators Effectively for a Post-Prohibition Adult-Use Regulated Environment Act (PREPARE

cannabis legalization

What Do Prohibitionists Really Hope to Accomplish?

Federal cannabis legalization will happen. It is no longer a matter of “if”, but of “when.” So what do prohibitionists really hope to accomplish? A few weeks back, the House of Representatives again advanced the MORE Act (Marijuana Opportunity and Expungement Act), which puts cannabis one step closer to federal decriminalization (more on that here).

ftc cannabis litigation

FTC Cannabis Litigation Picks Up Steam

The days where the Federal Trade Commission (FTC) pays no mind to cannabis businesses (marijuana and hemp) are long gone.  These days, the FTC is treating consumer complaints regarding hemp and marijuana businesses similar to complaints against businesses in other industries. The self-proclaimed mission of the FTC is to: “prevent anticompetitive, deceptive, and unfair business

international cannabis company

International Cannabis Companies

We work with international cannabis companies that operate in the U.S., and we regularly field inquiries from others who want to enter the U.S. market. Some are already selling into the U.S. market through an intermediary like a broker or a sales agent. In the United States, there are four main ways to enter the

more act cannabis legalization

Cannabis Legalization: MORE Act Again Clears the House

Yesterday, March 31, 2022, the House of Representatives again voted to end federal prohibition of marijuana by removing it from the list of banned substances. The bill—the Marijuana Opportunity Reinvestment and Expungement Act (the MORE Act)—passed by a vote of 220-204, largely along party lines. Next the bill goes to the Senate for approval, where

federal marijuana legalization

BREAKING: Biden to Decriminalize Cannabis and Expunge Convictions

In anticipation of today’s scheduled vote on the MORE Act by the U.S. House of Representatives, the Biden Administration just announced that cannabis is now decriminalized, and that all federal cannabis convictions are hereby expunged. Actually, none of that is true. Sorry! It’s what passes for an April Fools joke here at the Canna Law

equity compensation cannabis business

Equity Compensation for Cannabis Employees

Previously we wrote about equity compensation for cannabis employees from the perspective of companies. We have been dealing with more and more companies adding equity to their overall compensation scheme, so now is a good time to revisit it from the employee perspective. For an overview of the types of equity compensation available, see here.

federal cannabis reform

Not All Cannabis Reform is a Good Thing

These days, everyone is throwing a hat into the ring of cannabis reform. Many ideas are floating around; some of them are not so hot. Last week’s federal legislative activity is a good example of this. Two things happened on the same day: the Senate unanimously passed the CMRE Act (Cannabidiol and Marihuana Research Expansion