It’s no secret that producing cannabis doesn’t come without a strain on the environment. As more states move towards legalization, the industry faces growing pressure to become more sustainable. With stringent regulations and operational codes looming over daily operations, are there sustainable … Read more about Firm to Attend Cannabis Sustainability Symposium
On August 20, 2020, the United States Drug Enforcement Administration (“DEA”) issued an interim final rule (“IFR”) pertaining to the classifications of marijuana and hemp under the federal Controlled Substances Act (“CSA”) in light of the 2018 Agricultural Improvement Act (“AIA”). Because the DEA … Read more about Is the DEA Coming for the Hemp Industry After All?
A recently passed amendment to the National Defense Authorization Act (“NDAA”) could allow military service members to use cannabidiol (“CBD”) and other hemp-derived products. The measure, sponsored by veteran Rep. Tulsi Gabbard (D-HI), was introduced on July 20, 2020, and was passed in the House of … Read more about Amendment to NDAA Would Allow Military Service Members to Use CBD Products
On July 8, 2020, the U.S. Food and Drug Administration (“FDA”) delivered the results of its most comprehensive sampling study on the current cannabidiol (“CBD”) marketplace to the U.S. House Committee on Appropriations and the U.S. Senate Committee on Appropriations.1 Congress mandated FDA to … Read more about FDA Delivers Latest CBD Study to Congress
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
Senate Republicans and Democrats in the House and Senate recently introduced competing bills aimed at privacy considerations believed to be presented by the Coronavirus (“COVID-19”) pandemic. The bills seek to prevent the collection, use and/or disclosure of consumer’s personal information for … Read more about Republicans and Democrats Introduce COVID-19 Privacy Bills
On April 24, 2020, the Federal Trade Commission (“FTC”) filed a complaint in federal court as well as an administrative complaint against California-based marketer, Whole Leaf Organics for its unsubstantiated product claims.1 The company sells Thrive, a supplement consisting mainly of vitamin C and … Read more about FTC Sues Company for Unsubstantiated Claims
In the excitement of starting a new business, and during the headaches associated with growing that business, many entrepreneurs overlook important details that can have huge impacts on their finances. One large blind spot that many people we work with seem to have is the tax implications … Read more about Section 1202 and QSBS, an Often Overlooked Tax Benefit for Small Businesses