cannabis loans

Top Five Cannabis Loan Issues

As we inch closer to a cannabis recession, businesses are desperately looking for new ways to stay afloat. A few years ago, our cannabis attorneys saw equity investments left and right. It seemed like everyone wanted to own a piece of a cannabis business. But as things grow more precarious for the industry as a

new Oregon cannabis rules

Reviewing the New Oregon Cannabis Rules

In November 2022, the OLCC adopted and amended a suite of cannabis rules that became effective January 1, 2023. You can download the changes here and read our previous coverage of many of these changes here, here, here, and here. Now that Oregon’s new cannabis rules are effective, let’s take a look at some of

california cannabis

A Look Back at California Cannabis in 2022

The year 2022 was a busy one for the California cannabis industry, with everything from tax reform to the beginning of enforcement. In this post, I’ll go back through some of the highlight’s for California’s cannabis industry last year. California hints at enforcement? Anyone who knows anything about California cannabis knows that the regulators simply

LA cannabis

Los Angeles Cannabis Audit: Problems, Problems, Problems

On December 1, 2022, the Los Angeles Controller released a report (PDF here) with a pretty lame pun as a name: “High Maintenance: Review of the City’s Cannabis Regulation Efforts.” While the report’s name is bland, it reveals the pretty dire state of Los Angeles’s cannabis regulation and licensing. Since opening up for licensing, LA

COGS

Oregon Tax Court Rules on Marijuana Grow COGS

For several years one of the biggest problems the cannabis industry has faced is I.R.C. Section 280E. It suffocates the regulated marijuana industry. A recent decision by the Oregon Tax Court addresses Section 280E and what may properly fall under Cost of Goods Sold (“COGS”) in the context of a marijuana grow operation. (See here, here, here, here and here

drug paraphernalia

Importing “Drug Paraphernalia” after Eteros and Keirton

Many thanks for all who attended our December 1 webinar on “Cannabis and International Trade Issues 2022.” The event was hosted by the National Customs Broker and Freight Forwarders Association of America Educational Institute (NEI). We received many questions from the audience that we were not able to get to. We plan to cover some of

social equity

Will LA’s Social Equity Retail Licensing Be Stopped?

This Thursday, December 8, 2022, the City of Los Angeles will open Phase 3, Round 2 of storefront retail licensing. The City will only accept applications from verified social equity applicants. It will select winners via a “triple-blind” lottery, awarding up to 100 retail licenses. But a guy in Michigan is trying to prevent the

drive thru cannabis

Oregon Cannabis: Drive-Thru Marijuana Sales Ending?

The OLCC rulemaking process continues after a public hearing on October 25 and the close of the public comment period on October 31. You can read our prior coverage here, here and here, and you can read the proposed rules here. The public hearing lasted about 35 minutes and a hot topic was whether retailers may

medical cannabis

Kentucky (Kind of) Decriminalizes Medical Cannabis

On November 15, 2022, Kentucky Governor Andy Beshear issued an executive order intended to decriminalizes medical cannabis. This is one of the most interesting  executive orders we’ve seen in a bit – and that’s saying something after the last six years in this country. Let’s take a look at exactly what it does. It’s worth

adult-use rules

New York Adult-Use Cannabis Rules and Regulations: They’re (Almost) Here

On November 15, 2022, New York’s Cannabis Control Board (CCB) announced a significant CCB meeting that is scheduled to be held in-person and virtually on November 21, 2022. The rumor was that the full set of licensing rules and regulations would be released at the meeting. On November 17, 2022, the Office of Cannabis Management