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
Citizenship Rejected for Cannabis Industry Employees
Early April, news broke that the citizenship applications of two individuals were rejected due to their employment in the cannabis industry. While 30 states have taken measures to fully or partially legalize medical and recreational cannabis, federal law still classifies cannabis as an illegal … Read more about Citizenship Rejected for Cannabis Industry Employees
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
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
Colorado Credit Union Receives Conditional Approval for Cannabis-Related Banking
A Colorado-based credit union has won conditional approval to launch its business serving marijuana-related ancillary companies, advocacy groups, and charities. After more than three years of fighting in court, the Federal Reserve Bank of Kansas City provided The Fourth Corner Credit Union a letter … Read more about Colorado Credit Union Receives Conditional Approval for Cannabis-Related Banking