Artificial Intelligence (AI) is not just a technological innovation; it’s a transformative force that has permeated multiple sectors, from healthcare to finance. As AI startups and companies creating AI tools (“AI Developers”) continue to proliferate, they find themselves navigating a … Read more about Risks that AI Developers Must Consider When Developing AI
New York’s Office of Cannabis Management to Begin Accepting License Applications on October 4, 2023
On Tuesday, New York State’s Cannabis Control Board (“CCB”) voted to approve the Office of Cannabis Management’s (“OCM”) proposed cannabis regulations.[1] With the CCB’s approval, the OCM announced that it will begin accepting applications through for cultivator, processor, distributor, … Read more about New York’s Office of Cannabis Management to Begin Accepting License Applications on October 4, 2023
Marijuana Recommended to be Rescheduled to Schedule III
On August 29, 2023, the Department of Human and Health Services (“HHS”) sent a letter to the Drug Enforcement Administration (“DEA”), recommending that marijuana be rescheduled to Schedule III under the Controlled Substances Act (“CSA”)[1]. The CSA currently lists marijuana as a Schedule I … Read more about Marijuana Recommended to be Rescheduled to Schedule III
California Senate Passes Bill to Decriminalize Psilocybin and Psilocin
On Thursday, the California Senate passed Senate Bill 58 (the “Bill”) which would decriminalize possession and personal use of psilocybin, psilocin, mescaline, and dimethyltryptamine (“DMT”).[1] If passed, those age 21 and older would be allowed to use and/or possess a up to one gram of DMT, one … Read more about California Senate Passes Bill to Decriminalize Psilocybin and Psilocin
MINNESOTA PASSES ADULT USE CANNABIS LEGISLATION
On June 6, 2023, Governor Tim Waltz signed into law a bill legalizing marijuana in the state of Minnesota (the “Bill”).[1] The Bill created Minnesota’s Office of Cannabis Management (“OCM”) which is responsible for designing and implementing the states cannabis regulations.[2] The Bill also mandates … Read more about MINNESOTA PASSES ADULT USE CANNABIS LEGISLATION
Benzinga Psychedelics Capital Conference 2023
At this year's Benzinga Psychedelics Capital Conference, firm partner Nadav Aschner spoke on the current legal intricacies of psychedelics at the "Oregon, Colorado, Quebec: Lessons from legal psilocybin markets" panel. Beginning with the regulatory strategies employed by psychedelics on their path … Read more about Benzinga Psychedelics Capital Conference 2023
Proposition 118 Passes in Colorado: The Family and Medical Leave Insurance (FAMLI) Program
In November 2022, Colorado voters approved Proposition 118, a ballot initiative that establishes a statewide paid medical leave program. This new law, known as the Colorado Family and Medical Leave Insurance (FAMLI) program, provides eligible workers with up to 12 weeks of paid leave per year for … Read more about Proposition 118 Passes in Colorado: The Family and Medical Leave Insurance (FAMLI) Program
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