CANNIBIS

New Opinion Confirms Growing Trend Away from “Zero Tolerance” Cannabis Bankruptcy Relief Policy

As those in the cannabis industry are fully aware, the option of bankruptcy has not been available to cannabis or many cannabis-adjacent businesses to date. The courts have consistently indicated debtors who work in the cannabis industry or derive meaningful income from cannabis activity (directly or indirectly) cannot use bankruptcy, a federal mechanism, so long […]

Thanos Tha Boss

April 7, 2023

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Washington’s Social Equity in Cannabis License Application Window Extended

The Washington State Liquor and Cannabis Board (WSLCB) voted on Wednesday, March 29, approving an emergency rule proposal to extend the application window for social equity in cannabis (SEIC) retail licenses. The application window has been extended from March 30, 2023, to 5:00 p.m. April 27, 2023. The rule will have the effect of amending […]

Thanos Tha Boss

April 3, 2023

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Distressed Cannabis Business Takeaways – Canna Law Blog™

On February 28th, I moderated our firm’s “Distressed Cannabis Businesses” webinar. In that webinar, Griffen, Ethan, Vince, and I discussed the current financial and economic pressure the entire cannabis industry is facing today. We covered reorganization, litigation, dissolution, M&A, receivership, secured interests, and liquidation. And we of course discussed how state-by-state cannabis regulations impacts all […]

Thanos Tha Boss

March 30, 2023

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Florida Tries Again – Canna Law Blog™

Florida voters may have the opportunity to legalize adult-use cannabis during the next general elections. First, though, the Florida Supreme Court must okay the language on the ballot initiative, in the face of likely opposition from the other branches of the state government. As Floridians watch their elected officials argue against letting them vote on […]

Thanos Tha Boss

March 26, 2023

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FREE WEBINAR: IRS Enforcement of Cannabis Operators is Here – What Do We Do Now?

Register HERE to attend a free panel of experts directing cannabis operators on how to best combat the forces of recent movements from the IRS. IRS enforcement is increasing and cannabis businesses should be on alert. Cannabis businesses are accounting for and reporting the results of their operations with gross receipts, cost of goods sold […]

Thanos Tha Boss

March 22, 2023

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New York Cannabis Litigation – There’s More!

Here comes more New York cannabis program litigation. After one lawsuit halted a significant portion of New York Conditional Adult Use Retail Dispensary (CAURD) program, a new lawsuit filed on March 16, 2023 by the Coalition for Access to Regulated & Safe Cannabis against the Cannabis Control Board (CCB), Office of Cannabis Management (OCM), CCB […]

Thanos Tha Boss

March 18, 2023

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Breaking Down the Safe Banking Act: Why It Matters for Cannabis Businesses, Financial Institutions and Consumers

The Safe Banking Act, also known as the Secure and Fair Enforcement Banking Act (SAFE Banking Act), is sorely needed legislation to address the critical issue of financial services being denied to marijuana businesses that operate in the state-legalized industries. We’ve written extensively about the SAFE Banking Act over the past several years. See here, […]

Thanos Tha Boss

March 14, 2023

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Strafford CLE Webinar | Trademark Licensing in the Cannabis Industry: Legality, Disclosure, Diligence, and Key Provisions

REGISTER HERE Hemp goods and services may now be eligible for trademark licensing and protection, though many CBD products remain unlawful at the federal level. Meanwhile, marijuana continues to be a Schedule I drug, but is legal in an increasing number of states. The legal status of cannabis impacts trademarks and may be problematic for […]

Thanos Tha Boss

March 10, 2023

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BREAKING – New York Expands CAURD License Program

New York’s Office of Cannabis Management (OCM) and Cannabis Control Board (CCB) made a significant announcement during the CCB’s board meeting on March 2, 2023: the Conditional Adult-Use Retail Dispensary License (CAURD) program is expanding the number of CAURD licenses to 300, doubling the previous allotment of 150 CAURD licenses. As a brief refresher, this […]

Thanos Tha Boss

March 6, 2023

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New York Adult Use Cannabis: A Timing Update

There has a been a lot going on as New York continues to move towards rolling out its full adult use cannabis licensing, which has itself led to a lot of confusion in terms of timelines. The most recent notable event was the end of the adult use regulation public comment period, which closed on […]

Thanos Tha Boss

March 2, 2023

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Defendants Move to Dismiss SEC’s Stock Promotion Scheme Lawsuit

Last November, I wrote this post about a recent case filed by the Securities and Exchange Commission naming cannabis industry players for an alleged stock promotion scheme (or, as some call them, anti-touting violations). Last month, the primary individual defendant, Jonathan Mikula, filed a Motion to Dismiss the claims against him. The other individual defendant, […]

Thanos Tha Boss

February 26, 2023

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Twitter to Allow Some Cannabis Advertising

Until recently, all of the “big” social media companies banned U.S. companies from cannabis advertising on their platforms. At the same time, they imposed pretty unclear and inconsistent requirements on hemp advertising (in this post, when I refer to “cannabis” I mean only “marijuana” consistent with many states’ definitions of the term). All of this […]

Thanos Tha Boss

February 22, 2023

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