Exciting developments lie ahead for European Union (EU) marijuana legalization. It is inevitable that marijuana legalization sweeps the globe–if you haven’t seen it yet, please watch our webinar with Clifford Chance about the existing global economy of marijuana. The question is just one of timing. In Germany, as one prominent example, we’re looking at legalization
Yesterday, Senator Majority Leader Chuck Schumer and Senators Cory Booker and Ron Wyden presented the Cannabis Administration and Opportunity Act (CAOA) in the Senate. This version of the CAOA is a big deal, as it’s been over a year since the discussion draft of the bill was shown to the public. It’s also a big
California cannabis tax relief is a big deal. And a real thing. What’s important now is how the California Department of Tax and Fee Administration (“CDTFA”) interprets Assembly Bill 195. As I previously blogged, California is finally on board with a modicum of cannabis tax relief for cannabis licensees (mainly for the benefit of cultivators).
Things are happening in New York as we get closer to the Cannabis Control Board (CCB) and the Office of Cannabis Management (OCM) issuing adult-use licenses: today (July 14, 2022), the New York City Fire Department (FDNY) issued a memo to its branches stating that the FDNY stops cannabis testing for firefighters and applicants to
Last month we weighed in on Thailand becoming the first country in Southeast Asia to decriminalize cannabis. We’ve seen some bad reporting on this since then, along the lines of “weed is legal in Thailand!” The new Thai regime is not that progressive, but we still feel that Thailand has taken a step in the
The Florida primary election is approaching, meaning it’s time for voters to learn about candidates. Here is what some of those vying for statewide office have to say about cannabis. Governor The two leading Democratic candidates in the Florida gubernatorial primary support cannabis reform. Agriculture Commissioner Nikki Fried self-describes as “Florida’s leading statewide advocate on
In the 21st century of cannabis, cannabis businesses of all sizes still ignore some contract basics. Whether it’s a cannabis distribution agreement, a cannabis intellectual property licensing agreement, or some form of cannabis M&A, the contract basics listed below need attention. Date the agreement This seems obvious and trivial, but a lot of companies skip
Inflation has been dominating the headlines lately. Prices for gasoline, food (e.g., beef, bacon, eggs), used cars and many other items have spiked over the past year. It seems like there is always breaking news of the latest shortages – baby formula, tampons, eggs, semiconductors, sriracha, lumber, bicycles, etc. Cannabis, however, has seemingly been immune
Without much fanfare, the Dormitory Authority – State of New York (or DASNY) issued a request for proposal (RFP) for design-build services for conditional adult-use retail dispensaries (CAURDs). DASNY included a concept program (see Addendum 3) that details the build-out requirements for retail dispensaries selected as part of the CAURD social equity program. The Cannabis
After many delays, controversies, and changes to the regulations, Los Angeles is getting closer to opening its second (and last) round of retail licensing. Based on the timeline laid out by the LA Cannabis Regulations, Retail Round Two will open either around the end of 2022 or sometime in early 2023. This round will be
