Gov. Jared Polis Signs Colorado Digital Token Act

Last week, Colorado Gov. Jared Polis signed the Colorado Digital Token Act (“SB19-023”), which is expected to bring more attention to Colorado’s cryptocurrency market by addressing digital tokens within the existing framework of securities law. A security, while having a notoriously flexible … Read more about Gov. Jared Polis Signs Colorado Digital Token Act

FDA Plans Public Hearing on Ingestible CBD Products

Last Wednesday, at a hearing held by the House Appropriations Committee, U.S. Food and Drug Administration (“FDA”) Commissioner Scott Gottlieb revealed the FDA’s plan to conduct public hearings on cannabidiol (“CBD”) starting in April. Acknowledging the legalization of hemp and hemp-derived products … Read more about FDA Plans Public Hearing on Ingestible CBD Products

Denver City Council Votes on Social-Use Cannabis

Monday night, Denver City Council voted to remove the sunset provision from Initiative 300 (“I-300”), the legislation used to establish social cannabis businesses in Denver. Up until this week’s decision, social-use cannabis regulations were scheduled to expire before 2021, however city council’s … Read more about Denver City Council Votes on Social-Use Cannabis

Russia Announces Expansion of Government-Backed Cryptocurrency

Last week, Russian news sources reported that the lower house of the country’s Federal Assembly may pass a resolution to allow the country to further develop cryptocurrency systems. According to Rambler, the Russian media outlet that first announced the news, officials are currently looking to … Read more about Russia Announces Expansion of Government-Backed Cryptocurrency

MED Issues Statement on Signage Requirements

Thursday, February 21, 2019, the Colorado Department of Revenue Marijuana Enforcement Division (“MED”) released an official Statement of Position regarding signage requirements for access areas within cultivation facilities. Signed by James Burack, the Division’s director, the statement was released … Read more about MED Issues Statement on Signage Requirements

Colorado Cannabis Sales Reach $6 Billion Since Legalization

  In a news release published last Tuesday, Colorado’s Marijuana Enforcement Division (“MED”) has announced that the state’s cannabis sales have topped $6 billion since the substance’s legalization in 2014. Using statistics from the Colorado Department of Revenue’s final sales and tax … Read more about Colorado Cannabis Sales Reach $6 Billion Since Legalization

Hawaii Approves Cannabis Legislation for Senate Review

Following a late-January legislative hearing, Hawaii’s Senate Judiciary Committee decided on Thursday to approve the state’s current bill to legalize cannabis. Passed in a unanimous 5-0 vote, the legislation has been co-sponsored by 12 of the 25 members of Hawaii’s Senate and cites, “the … Read more about Hawaii Approves Cannabis Legislation for Senate Review

New York City Bans CBD-Infused Consumables

  New York City officials are taking a firm stance in the regulation of cannabidiol (“CBD”) products. Earlier this week, the NYC Department of Health (“DOH”) issued bans against CBD-infused food and drinks as a part of a citywide initiative. The New York DOH visited and inspected eleven … Read more about New York City Bans CBD-Infused Consumables