The Canna Law Blog is a forum for discussing the practical aspects of cannabis law and its impacts on the cannabis industry. We provide insight into how cannabis businesspeople can use the law to their advantage and in plain language we tell you what works and what does not. We aim to help you strategize how to wield the law as both a shield and a sword.
Cannabis businesses are usually limited liability companies (LLCs). There are a lot of reasons for this, starting with the fact that LLCs are more flexible than corporations, which have much more rigid rules. To take advantage of those flexibilities, and for a lot of other reasons, LLC owners (called members) need an operating agreement. Below,
The intersection of state and federal law on cannabis has led to some interesting situations at the border, especially where cannabis related property is seized. States such as Washington, Oregon, and California have legalized cannabis for all uses, while the federal Controlled Substances Act still prohibits marijuana distribution and sale anywhere in the United States.
Frequently Asked Questions Regarding Cannabis in Mexico Because we are one of the very few American law firms with an office in Mexico that handles Mexico cannabis legal matters, we get a steady stream of questions regarding the current state of Mexico’s cannabis regime, and what to expect in the future. Our position on cannabis
Last week, D.C. Council Chairman Phil Mendelson called a vote on emergency legislation that aimed, in part, to give the Council the authority to shut down any business that gifts marijuana. Although the proposed bill did not pass (by only one vote), Mendelson’s bill reveals ongoing tension regarding D.C.’s legally questionable cannabis “gifting economy” and
The days where the Federal Trade Commission (FTC) pays no mind to cannabis businesses (marijuana and hemp) are long gone. These days, the FTC is treating consumer complaints regarding hemp and marijuana businesses similar to complaints against businesses in other industries. The self-proclaimed mission of the FTC is to: “prevent anticompetitive, deceptive, and unfair business
New York snuck a pretty significant tax break for cannabis businesses into its 2022 budget. The Revenue Bill included a state tax deduction for cannabis related business expenses that are currently disallowed by § 280E of the federal tax code. We have seen this strategy in other “canna friendly” states and it’s a welcome development.
We work with international cannabis companies that operate in the U.S., and we regularly field inquiries from others who want to enter the U.S. market. Some are already selling into the U.S. market through an intermediary like a broker or a sales agent. In the United States, there are four main ways to enter the
Like companies in any other industry, licensed cannabis companies typically carry insurance and sometimes find themselves at odds with their cannabis business insurers. Those companies purchase a policy to cover a specific risk for a stated premium and when that risk presents itself, their business insurers suddenly have fine-print explanations for everything. In these situations,
When issues arise, many people think filing a lawsuit is the answer. That will initiate the litigation process, which will most likely involve an exchange of information and documents, the process of taking depositions, and probably some motion practice along the way. While in some cases it certainly is, we typically counsel new clients (and
Yesterday, March 31, 2022, the House of Representatives again voted to end federal prohibition of marijuana by removing it from the list of banned substances. The bill—the Marijuana Opportunity Reinvestment and Expungement Act (the MORE Act)—passed by a vote of 220-204, largely along party lines. Next the bill goes to the Senate for approval, where
