canna law blog

They Said it on Marijuana Quotable Saturday, Part XI

Etiquette Doyenne and businessperson Martha Stewart knows how to roll joints, and she is not the least bit shy about that. In a Huffington Post article last year, Ms. Stewart flat out said, “Of course I know how to roll a joint.” And that’s a good thing. Here’s hoping that when marijuana is fully legalized (if

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They Said it on Marijuana Quotable Saturday, Part X

When I think of Richard Nixon and marijuana, I think about the famous picture of him (below) with Elvis Presley. Nixon gave Presley a Bureau of Narcotics badge and worked (a bit anyway) with Presley on eliminating drug use. But even Nixon realized that possessing marijuana should not be a crime, as is evidenced by

canna law blog

Top Ten Marijuana Industry Red Flags

We’ve been marijuana business lawyers for a long time now and in multiple states, and being on the front lines of this industry means that we have seen a lot of good and bad actors. In this post, we share the Top Ten Marijuana Industry Red Flags so that you know what to look for to

canna law blog

They Said It On Marijuana Quotable Saturday, Part VII

Jay Leno — love him or hate him — made countless funny jokes in his career as host of “The Tonight Show,” and at least one of those jokes makes for a memorable marijuana quote: Forty million Americans smoked marijuana; the only ones who didn’t like it were Judge Ginsberg, Clarence Thomas and Bill Clinton.

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They Said It On Marijuana Quotable Saturday, Part VI

It should come as little surprise that someone as demonstrably brilliant as Albert Einstein saw the idiocy of prohibition, and he had this to say on it: The prestige of government has undoubtedly been lowered considerably by the prohibition law. For nothing is more destructive of respect for the government and the law of the

canna law blog

They Said It On Marijuana Quotable Saturday, Part IV

This is our fourth post in our ongoing series of Saturday posts featuring great quotes regarding cannabis, mostly from public figures. This one is from astronomer Carl Sagan, the author of more than 600 scientific papers. Apparently, Sagan was very frustrated (as our we) with how science was playing no part in the banning of marijuana back in his day:

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They Said It On Marijuana.Quotable Saturday, Part III

At Canna Law, we can never get enough of the pot puns and jokes. Thursday evening's Colbert Report was flush with them, as it featured several segments on marijuana. Colbert noted the Colorado (or, as he calls it, "Potsylvania") Department of Revenue's announcement this week that it took in more than $2 million in tax revenues in January on recreational pot sales. Forbes reported that the combined tax revenues from recreational and medical marijuana sales of $3.5 million is 1% of the total annual budgets for the states of Delaware, South Dakota, Montana, and West Virginia. In other words, serious coin.

canna law blog

They Said It On Marijuana Quotable Saturday, Part II

This is the second post in our ongoing series of Saturday posts featuring great quotes regarding cannabis, mostly from public figures. This one is from televangelist and prepetual nutcase Pat Robertson, the point of which is not to show that even a broken clock is accurate twice a day (once if digital) but to arm our readers with a quote that they can use with a particular crowd. This comes from a 2012 New York Times interview:

canna law blog

Feds Green Light Marijuana Banking

The Department of Treasury today issued guidance for financial institutions that want to do business with the marijuana industry. The primary force keeping banks away from the marijuana industry has always been regulations issued by the Financial Crimes Enforcement Network (FinCEN) dealing with money laundering. The Bank Secrecy Act that FinCEN enforces requires banks to investigate their customers and to neither negligently or knowingly do business with bad actors. State-legal marijuana businesses have always fallen into the category of bad actors for the banks, so they avoided potential fines by refusing to provide banking services to marijuana businesses. Today's regulations, however, clarify that banks can provide services to marijuana businesses without running afoul of federal regulations, so long as they abide by the following:

canna law blog

How To Protect Your Cannabis Brand, Part III

If you want to eventually own a national cannabis/marijuana brand, you should take steps to establish and protect your trademarks now. Since cannabis and cannabis paraphernalia remain federally controlled, the United States Patent and Trademark Office will not issue a federal trademark registration for products that fall into either category. However, it is possible to obtain protection for your trademarks in those states that have legalized the medical and/or recreational use of cannabis. Here is what you should do now: