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

HB-1090 Implementation on Schedule

As expected, on August 1, the Colorado Marijuana Enforcement Division (the “MED”) adopted emergency rules (the “August Emergency Rules”) to begin implementing HB19-1090,  “Concerning Measures to Allow Greater Investment Flexibility in Marijuana Businesses” (the “Bill”). The Bill permits certain … Read more about HB-1090 Implementation on Schedule

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