Recently the SEC updated its rules to simplify the patchwork of regulations to help companies in fundraising mode. This matters to cannabis companies of all types, especially those that want to utilize the available federal exemptions in their securities offerings. In the SEC’s own words, “These amendments will promote capital formation and expand investment opportunities
RICO claims in the cannabis industry have certainly evolved over the years, but the general trend of the Courts dismissing those claims or cases altogether has held fast. In Shulman, et al. v. Kaplan, et al., a case filed in the Central District of California, the plaintiffs – who are involved in the production, marketing, and
I have written in the past that cannabis companies of all stripes (whether involved in marijuana or hemp) that are in fundraising mode need to know when they are offering securities for many different compliance-related reasons, the biggest of which is to avoid jail time for committing securities fraud. According to the U.S. Securities Act
Earlier this month, Vermont became the most recent state to legalize recreational cannabis. In the 2020 elections, cannabis legalization initiatives will appear on the ballots in Arizona, Mississippi, Montana, New Jersey and South Dakota (we'll be doing a weekly series on these states each Sunday leading up to the election, and you can read about
The Canna Law Blog has been writing about the Drug Enforcement Agency’s (DEA) interim final rule (IFR) on hemp since its August publication in the Federal Register: Watch Out! The DEA Just Passed a BAD Interim Rule Impacting Hemp CBD and Other Cannabinoids The DEA Does Not Want You To Worry About Its New Hemp
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
We recently wrote a post outlining the long history of religious exemptions to the federal Controlled Substances Act (CSA). In this post, we will 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
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
On August 21, the Drug Enforcement Agency (the “DEA”) released an Interim Final Rule (the “Rule”), which, in part, suggests that in-process hemp extract shall be treated as a schedule I controlled substance during any point at which its THC concentration exceeds 0.3 percent on a dry weight basis. "Any point" includes even fleetingly during
The U.S. cannabis industry attracts all kinds of entrepreneurs and investors. That has been true since Colorado and Washington legalized cannabis for adults 21 and up back in 2012, and since other states began creating comprehensive licensing regimes. The ever-emerging nature of the industry and its state-by-state quilt of regulations creates all kinds of business
