On Thursday, a bipartisan collection of congressmen introduced a bill that would require to US Attorney General to lead a commission to oversee the process of making recommendations for a cannabis regulation system comparable to the current alcohol regulation system. The bill, called the Preparing Regulators Effectively for a Post-Prohibition Adult-Use Regulated Environment Act (PREPARE
Federal cannabis legalization will happen. It is no longer a matter of “if”, but of “when.” So what do prohibitionists really hope to accomplish? A few weeks back, the House of Representatives again advanced the MORE Act (Marijuana Opportunity and Expungement Act), which puts cannabis one step closer to federal decriminalization (more on that here).
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
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
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
In anticipation of today’s scheduled vote on the MORE Act by the U.S. House of Representatives, the Biden Administration just announced that cannabis is now decriminalized, and that all federal cannabis convictions are hereby expunged. Actually, none of that is true. Sorry! It’s what passes for an April Fools joke here at the Canna Law
Previously we wrote about equity compensation for cannabis employees from the perspective of companies. We have been dealing with more and more companies adding equity to their overall compensation scheme, so now is a good time to revisit it from the employee perspective. For an overview of the types of equity compensation available, see here.
These days, everyone is throwing a hat into the ring of cannabis reform. Many ideas are floating around; some of them are not so hot. Last week’s federal legislative activity is a good example of this. Two things happened on the same day: the Senate unanimously passed the CMRE Act (Cannabidiol and Marihuana Research Expansion
A few weeks ago, California lawmakers quietly introduced SB-1326, a bill that would amend the Medicinal and Adult-Use Cannabis Regulation and Safety Act (MAUCRSA) to legalize interstate cannabis sales, notwithstanding the status of federal law. Specifically, SB-1326 would authorize the Governor to enter into an agreement with other states authorizing medicinal or adult-use commercial cannabis
