I'd like to send a shoutout to tax lawyer Nick Richards for an intriguing opinion piece published on Friday, September 1 in Marijuana Business Daily. Nick outlines two approaches to potentially help cannabis businesses recoup buckets of cash from Uncle Sam. One approach, which is known to us, may be utilized by cannabis businesses throughout
Earlier this week, California's Attorney General Rob Bonta announced yet another cannabis enforcement program: the Cannabis Administrative Prosecutor Program (CAPP). CAPP is the newest of California's ever-growing list of acronym enforcement programs, alongside EPIC (previously CAMP), UCETF, alongside countless other county and local agencies. Will the new enforcement program make a dent in the illegal
Huge news yesterday. Huge! The U.S. Department of Health and Human Services (HHS) has officially recommended that marijuana be rescheduled, from Schedule I to Schedule III of the federal Controlled Substances Act (CSA). This means that the country’s top health agency has finally conceded that cannabis has medical value, and isn't a drug of abuse
It's no secret that the cannabis industry is on a steep decline in a variety of states, including California. We have time and again written about the specific woes plaguing the California cannabis industry. High taxes, a staggering credit crunch and collections problems, receiverships, rampant local prohibition, overregulation by the state, and the raging illegal
This post written by Harris Sliwoski attorney Fred Rocafort was originally published on July 20, 2023 on The Trademark Lawyer website and is republished here with their permission. Candymaker Wrigley and Terphogz, LLC have reached a settlement in a high-profile lawsuit over Terphogz’s use of the mark ZKITTLEZ on cannabis products and other merchandise such
يمكن لمزارعي الماريجوانا في ولاية أوريغون، الذين كانوا يخشون تطبيق القاعدة الجديدة الخاصة باختبار فطر الأسبيرجيلوس، أن يتنفسوا الصعداء (في الوقت الحالي). وذلك لأن المحكمة العليا في ولاية أوريغون أوقفت، يوم الجمعة 25 أغسطس، تنفيذ القاعدة الجديدة الخاصة باختبار فطر الأسبيرجيلوس، في انتظار جلسة الاستماع النهائية للنظر في موضوع الدعوى. هذا أمر بالغ الأهمية! تحية إجلال لـ«تحالف صناعة القنب في أوريغون» (CIAO) والمشاركين في تقديم الالتماس الذين
Most cannabis companies are not wound up properly; some cannabis companies (and their owners) suffer repercussions for this; and all cannabis companies (and their owners, and investors!) are well served by an orderly windup. This blog post will cover some basics on the cannabis business windup process. First, though, I want to address a point
On the heels of my last post discussing the limited situations under which a lawsuit can be filed against a cannabis business owner, today’s post will kick off a series of other ways you can protect yourself and exert leverage in a lawsuit. This is a key question as so many in the cannabis industry
I’ve been writing about the Chalice receivership process since late May, when Chalice Brands Ltd. (OTCMKTS: CHALF) filed an Oregon Circuit Court complaint. In that Oregon lawsuit, Chalice brought claims against five local subsidiaries to drive them into receivership, claiming some $35 million owed. The lawsuit was orchestrated with a parallel Canadian proceeding. Up north,
Oregon's governor recently vetoed an effort to create a state bank for marijuana businesses, in another blow to the struggling industry. The lack of consistent, equitable access to banking has been recurring issue for Oregon marijuana businesses and those in other states. Federal reform through the Secure and Fair Enforcement Banking Act (SAFE Act) has
