In a step towards achieving the goals of the SAFE Banking Act, California Governor Gavin Newsom approved Assembly Bill 1525, which importantly provides that banks, credit unions, and other financial servicers to cannabis businesses do not violate California law “solely by virtue of the fact that the person receiving the benefit of any of those
Oregon is not the only jurisdiction with psilocybin (and other controlled psychedelic plant substances) on the ballot this fall. For our coverage of Oregon’s Measure 109, see: Oregon 2020 Election: Vote Yes! on Measure 109 Oregon and Psilocybin: Does the Approved Ballot Measure Language Stand a Chance? Oregon Psychedelics: Petition to Legalize Psilocybin for Therapy
I recently wrote a post outlining the long history of religious exemptions to the federal Controlled Substances Act (CSA). In this post, I’ll provide a brief overview of the hoops that religious organizations have to jump through. Religious organizations that want to use psychedelics for religious purposes and comply with U.S. law are forced to
This November 2020 election, cannabis legalization initiatives will appear on the ballots of five states: Arizona, Mississippi, Montana, New Jersey and South Dakota. Every Sunday until November 3, Canna Law Blog will publish a post centered on one of these state ballot initiatives, and the current laws surrounding cannabis in that state. Last Sunday, we
Charlie Delgado Altieri, the main opposition candidate for governor of Puerto Rico, has suggested a new tax be imposed on hemp and medical cannabis to help foot the bill for government pensions, amidst a long-running fiscal crisis in the U.S. territory. According to Delgado, such a levy would be justified, given the cannabis industry’s “billions
It seems like a new trademark infringement case pops up every week in the cannabis space, and I often find myself using the supposedly infringing cannabis companies as examples of what NOT to do when choosing or managing a brand. But this time, it appears that the cannabis company in question, Green Thumb Industries Inc.,
A few days ago, I wrote a post on cannabis investing and the concept of debt v. equity. I noted that it’s very common to see lenders ask for personal guarantees when providing loans to cannabis businesses. Guaranty agreements are a hugely important type of contract that deserve their own post. Below, I will get
People have been complaining about Oregon Liquor Control Commission (OLCC) marijuana licensing bottlenecks for a long time. And rightfully so. New license applications are effectively suspended (and have been for over two years), while delays in approval requests for investment intake, ownership changes and business sales make these standard business activities extremely challenging in many
This November 2020 election, cannabis legalization initiatives will appear on the ballots of five states: Arizona, Mississippi, Montana, New Jersey and South Dakota. Every Sunday until November 3, Canna Law Blog will publish a post centered on one of these state ballot initiatives, and the current laws surrounding cannabis in that state. Today is the
When President Trump announced he was nominating Judge Amy Coney Barrett to succeed Justice Ruth Bader Ginsburg on the Supreme Court last week, the future of many key issues was called into question. We won’t mention or write about them here because this blog is dedicated to all things cannabis, but there is one issue
