In case you missed it, professional players on teams in the National Basketball Association are getting a free and clear opportunity to take advantage of the cannabis industry through cannabis investments. As a former D-1 college athlete, I’m glad to see the NBA not only remove cannabis from its list of banned substances but also
California has the biggest legal cannabis market in the world – it’s a larger economy than some small nations. But while the Golden State’s regulated market is massive, it’s illegal market is far bigger. California has a big illegal cannabis market problem Back in 2019, I quoted reports that there were 3,000 illegal businesses in
California’s cannabis laws are a textbook example of what a state shouldn’t do. And one of the best examples of this is California’s distribution licenses. These licenses were unnecessary from the get go, and the recent developments have only made that reality more apparent. It’s time for the state to end distribution licensing and simplify
A lot has been made recently on New York’s new legislation that empowers the Office of Cannabis Management (OCM) to take enforcement actions against illicit retail dispensaries (check out our posts here and here). This article (paywall) by the always excellent Brad Racino of NY Cannabis Insider provides a play-by-play of the OCM’s first ever
Federal law prohibits cannabis users from owning or possessing firearms. There are a host of federal court cases that may find these prohibitions an unconstitutional violation of cannabis users’ gun rights. But even if courts find these laws unconstitutional, many cannabis users could still face other federal government hurdles and restrictions. If you are not
As the cannabis economy tanks (with the exception of states that just came online for medical and/or adult-use), cannabis litigation is picking up. Most of this litigation revolves around partnership disputes, unpaid bills, breached contracts, and solvency. All cannabis entrepreneurs and businesses should be mindful of cannabis litigation trends, especially in these lean times. To
The New York City Council (the City Council) is taking matters into its own hands, passing legislation that will hold landlord’s liable for renting space to unlicensed cannabis dispensaries. Last week, on June 22, the City Council unanimously passed the legislation (47 to 0), with one abstention. Here is City Council Member Lynn C. Schulman’s
It’s been an eventful month in Oregon cannabis. Below are some early summer notes on three things we’ve been doing and watching and writing about. The Chalice receivership I covered this last month as the ship was going down. Today, the Oregon receivership is well underway and we’re getting regular notices. It hasn’t been smooth
New York State’s recently passed 2024 budget includes many cannabis-related provisions, addressing enforcement, licensure, and penalties, with the goal of curbing the state’s illicit marijuana market. Specifically, Governor Kathy Hochul signed legislation granting the state Office of Cannabis Management (“OCM”) certain enforcement powers. Enforcement tools at OCM Several of the new enforcement tools at OCM’s enforcement
On June 15, 2023, the OLCC approved temporary rules requiring marijuana retailers to obtain a Certificate of Tax Compliance (“Certificate”) from the Oregon Department of Revenue (“DOR”) as a condition for acquiring or renewing a marijuana retailer license, as well as for changes of ownership and adding someone to a license. These new rules resulted
