Last week New York’s Office of Cannabis Management (“OCM”) released revised Adult Use Cannabis Regulations (the “Revised Regulations”). The Revised Regulations do not make any major changes, however, the Revised Regulations do clarify the application procedures and some potential limitations on the … Read more about What We Know From New York’s Revised Cannabis Regulations
SENATE BILL 23-290 HAS PASSED THE COLOADO SENATE AND IS HEADING TO THE HOUSE OF REPRESENTATIVES
Colorado voters approved Proposition 122, or the Natural Medicine Health Act (“NMHA”) in November of 2022.[1] The goal was to make “Natural Medicine” (as defined in the NMHA) available to those who could benefit from is use. Natural Medicine under the NMHA includes dimethyltryptamine, ibogaine, … Read more about SENATE BILL 23-290 HAS PASSED THE COLOADO SENATE AND IS HEADING TO THE HOUSE OF REPRESENTATIVES
Maintaining Cannabis as a Schedule I Drug Continues to be an Increasingly Difficult Stance for the Federal Government
Federal Prohibition is Preventing Widespread and Additional Research The Mayo Clinic recently published a special edition of its Mayo Clinic Magazine, titled Medical Marijuana: The Science and Benefits.[1] It discusses how medical marijuana can be used to relieve pain, treat anxiety, and improve … Read more about Maintaining Cannabis as a Schedule I Drug Continues to be an Increasingly Difficult Stance for the Federal Government
New York’s Recreational Marijuana Landscape: Key Takeaways
On March 31, 2021, Governor Andrew Cuomo signed the Marijuana Regulation and Taxation Act (“MRTA”), legalizing recreational cannabis use in New York state for adults 21 years or older. The move is expected to generate tens of thousands of jobs and hundreds of millions of dollars in revenue for the … Read more about New York’s Recreational Marijuana Landscape: Key Takeaways
Colorado Marijuana Licensing
Among the country’s first states to enact marijuana-friendly legislation, Colorado legalized medical marijuana via the passage of Amendment 20 in 2000 and subsequently legalized recreational (retail) marijuana via the passage of Amendment 64 in 2012. Due to its robust implementation of these … Read more about Colorado Marijuana Licensing
MORE Act Brings Congress Closer to Cannabis Legalization
Late August, an email from Majority Whip Jim Clyburn’s (D-S.C.) office revealed that the U.S. House of Representatives will be voting in September on historic legislation to decriminalize cannabis.1 Confirmed in a letter from House Majority Leader Steny Hoyer (D-MD) on August 31, members of the … Read more about MORE Act Brings Congress Closer to Cannabis Legalization
Bankruptcy Alternatives for the Cannabis Industry
Of its many tragic consequences, COVID-19 has left a significant mark on the global economy as it pressures thousands of businesses to temporarily – if not permanently – shut their doors. April data from the American Bankruptcy Institute suggested a 26% increase in Chapter 11 filings from 2019.1 … Read more about Bankruptcy Alternatives for the Cannabis Industry
Monumental Changes to Out of State Ownership in the Colorado Cannabis Industry
On May 29, 2019, Governor Jared Polis signed HB19-1090 (“HB-1090”) into law. HB-1090 repeals regulations that prohibit publicly traded companies from holding ownership interests in Colorado marijuana businesses. HB-1090 dramatically alters the regulatory landscape surrounding ownership of licensed … Read more about Monumental Changes to Out of State Ownership in the Colorado Cannabis Industry