Jason Adelstone is a seasoned business lawyer, international policy advisor, and problem solver. Based in Denver, Colorado, he provides domestic and international legal counsel to a diverse clientele, including entrepreneurs, corporations, religious organizations, and federal and international cannabis operators. His practice spans corporate law, international policy, and cannabis regulatory compliance, helping clients navigate the complexities of the global cannabis industry and beyond.
Effective August 1, 2025, the New Mexico Environmental Department (NMED) issued emergency amendments to New Mexico’s Hemp extraction, production, transportation, warehousing, and testing administrative code. These amendments were created to address concerns with the production and use of synthetic hemp cannabinoids found in finished products. The primary goal of NMED appears to be the protection
With so much discussion around the potential rescheduling of marijuana to Schedule III under the Controlled Substances Act (CSA), we must have an honest conversation about what such a move will—and more importantly, won’t—accomplish. Let me be clear: marijuana absolutely needs to be removed from Schedule I. In fact, it should not be scheduled at
If the cannabis industry wants to truly normalize cannabis use in American culture, it’s time to start shaping public perception through entertainment, not just policy. For decades, alcohol and tobacco didn’t just grow their markets through lobbying; they embedded their products into the cultural fabric through Hollywood. From James Bond’s vodka martinis to Marlboro’s cowboy
Three years after Thailand became the first Asian nation to decriminalize cannabis, its groundbreaking policy may collapse under political turmoil. The recent exit of the pro-cannabis Bhumjaithai Party from the ruling coalition, has left prohibitionists in control. Political instability threatens everything Thailand’s Parliament faces potential dissolution amid calls for Prime Minister Paetongtarn’s removal following a
In the never-ending loop of federal marijuana reform debates, one crucial fact keeps getting overlooked: the Attorney General (AG) has the power to reschedule marijuana. Right now. No act of Congress. No HHS review. No rulemaking marathon. Just a signature. Under 21 U.S.C. § 811(d)(1), the AG can unilaterally reschedule marijuana to better align U.S.
In yet another setback for hemp and marijuana-adjacent businesses, the U.S. Small Business Administration (SBA) has quietly reintroduced a policy that effectively disqualifies most of them from critical federal loan programs. The updated policy, effective June 1, has far-reaching consequences for small businesses operating in compliance with state law (and for some, in compliance with
In June 2023, Colorado Governor Jared Polis signed SB 23-271 (codified in C.R.S. 25-5-427 and regulated by 6 CCR 1010-24), a landmark bill regulating intoxicating hemp products in the state. This legislation followed recommendations from the Intoxicating Hemp Task Force, which was established a year earlier under SB 22-205. At a time when many states
After attending the International Cannabis Business Conference (ICBC) in Berlin at the end of April, I was reminded, yet again, of how draconian U.S. marijuana laws truly are. The excitement throughout the event was palpable. Much of it was driven by Germany’s newly formed government keeping its quasi-legalization policy intact, even if adult-use trials remain
Our cannabis business attorneys regularly handle transactions involving the purchase and sale of licensed cannabis businesses. These deals often move fast, with brokers rushing both sides toward closing—frequently without regard for applicable diligence and cannabis regulations. The worst-case scenario is when a company comes to us after executing a seller drafted purchase agreement without having
As economists overwhelmingly question the Trump Administration’s tariff policy, one has to wonder if there is a deeper strategy behind his seemingly chaotic moves? While President Trump’s recent push for sweeping tariffs and saber-rattling on global trade might look like bluster or protectionism on the surface, there’s a theory that it’s something far more calculated—a
