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

connecticut cannabis marijuana

Connecticut Adult-Use Sales Begin

Connecticut is the latest state to permit the sale of adult-use cannabis. The possession of cannabis by adults has been legal in Connecticut since 2021, following the enactment of Public Act No. 21-1. Impressively, this law also erased 43,754 convictions for cannabis offenses. In December, the state’s Department of Consumer Protection (DCP) announced that hybrid

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 cannabis ballot measures

More Adult Use Cannabis Legalization on 2022 Ballots!

It’s that special time again, when voters head to the polls to determine who will staff their local, state, and federal governments. This time around though, many voters will also make big decisions about adult use cannabis legalization. That is outstanding all the way around, win or lose. Ten years ago, only two states, Washington

cannabis ballot measures

Elections 2022: Cannabis Ballot Measures

Election season is coming. This means that cannabis ballot measures, initiatives, initiated proposals, legislative proposals, etc. are moving to the fore. I won’t set out to explain the differences among the several state protocols. You’d leave. In the cannabis context, suffice it to say that “ballot measures” are somehow convoluted and dramatic all at once.

ncsl cannabis legalization directive

States to Feds: End Cannabis Prohibition Now

After a vote last week, the National Conference of State Legislators (NCSL) adopted a revised cannabis policy measure (the “Directive“) which supports federally descheduling cannabis, as well as cannabis banking reform. At this point, it’s abundantly clear that the states have moved beyond cannabis prohibition. The NCSL is a non-partisan organization that represents all state

smokable hemp ban

Texas Supreme Court upholds smokable hemp ban

The Texas Supreme Court recently upheld the state’s smokable hemp ban. This is bad news for the smokable hemp industry inside and outside of Texas. Today, we’ll look at what happened. As our readers know, the federal 2018 Farm Bill classified “hemp” as an agricultural product and removed hemp from schedule I of the federal

cannabis partnerships

Cannabis Partnerships

Many cannabis handshake deals result in the parties forming an inadvertent cannabis partnership. The words “partnership” and “joint venture” are often thrown around casually. Many early stage cannabis entrepreneurs know they want to do some type of business venture, often with a business partner, but they often do not know why or how to avoid

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

california interstate cannabis sales export

California Might Legalize Interstate Cannabis Sales

A few weeks ago, California lawmakers quietly introduced SB-1326, a bill that would amend the Medicinal and Adult-Use Cannabis Regulation and Safety Act (MAUCRSA) to legalize interstate cannabis sales, notwithstanding the status of federal law. Specifically, SB-1326 would authorize the Governor to enter into an agreement with other states authorizing medicinal or adult-use commercial cannabis