Minnesota is the latest state to develop a secondary market for cannabis license sales. I’d call the Minnesota market “robust”, except that the Office of Cannabis Management (OCM) hasn’t issued all that many licenses in the first place. Still, one source recently estimated “at least 80” licenses recently posted for sale. It’s a real thing.
We continue to represent myriad buyers and sellers of OLCC marijuana licenses. At any given time, we are running 10-12 of these transactions, and sometimes more, as we have for many years. Recently, there have been a few changes worth noting, particularly as to the OLCC protocols. I’ll touch briefly on other market dynamics, too.
We have been on the Minnesota cannabis bandwagon for a while. Like a lot of programs, this one has been slow to roll out, and not without its share of hiccups. That said, it’s not New York, and I still firmly believe that Minnesota could be a great cannabis state. In this post, I’ll give
Effective August 1, 2025, the New Mexico Environmental Department (NMED) issued emergency amendments to New Mexico’s Hemp extraction, production, transportation, warehousing, and testing administrative code. These amendments were created to address concerns with the production and use of synthetic hemp cannabinoids found in finished products. The primary goal of NMED appears to be the protection
Cannabis intellectual property (IP) licensing deals can be complicated, presenting unique issues. Many companies expect the biggest hurdle to be state cannabis law compliance. Although this is certainly a major concern, it’s important to start with the brand licensing fundamentals by analyzing the validity and strength of the IP itself. With any licensing deal, the
This would be a good time to review the branding protection avenues available to cannabis business owners, and to discuss celebrity branding. There are three main ways a brand owner can establish trademark rights: By using the mark in connection with their goods or services (legally) in commerce; By registering the mark with the United
Hopefully this is the penultimate time I’ll write about Ballot Measure 119. Hopefully, some three weeks from now, I’ll publish one last post explaining that this landgrab initiative was annihilated, judicially speaking. The recent Federal Court hearing On April 29th, Judge Michael H. Simon heard arguments from the UFCW 555 and the Oregon Department of
For many cannabis brands, licensing their trademarks can be a savvy business move (for more information on cannabis trademarks generally, check out our webinar, Trademarking Cannabis: Cutting Through the Legal Haze). But it also comes with its own set of challenges. Unlike in most industries, cannabis operates in a complicated legal gray zone — which
DEA Registrants could be the real winner if cannabis is rescheduled
The New Mexico legislature is considering several bills that address the state’s cannabis industry. With a two-month session held only every other year, there is an opportunity for meaningful changes aimed at strengthening the industry. Among the many bills under consideration, four stand out for their potential impact– both for industry and for consumers seeking
