By: Counsel Raza Lawrence In New State Ice Co. v. Liebmann, U.S. Supreme Court Justice Louis Brandeis in 1932 referred to the 50 states as laboratories of democracy, writing: It is one of the happy incidents of the federal system that a single courageous State may, if its citizens choose, serve as a laboratory…
By: Counsel James Raza Lawrence California recently provided a jolt to its cannabis industry by eliminating its cannabis cultivation tax, effective July 1, 2022. The cultivation tax has, for years, created a drag on California’s licensed cannabis market and caused many businesses to continue operating in the illicit, unlicensed market. Given that the cannabis…
By: Counsel Tomas Ortiz As businesses struggle through the rough currents of today’s economy, inflation, and post-pandemic conditions, many are considering and reconsidering their options in navigating through the rough seas and rocky shores – how to survive and stay in business or how to exit gracefully and effectively. This is particularly true in…
By: Partner Janet Jackim Randomized Drawing to the Select Few. On April, 8 2022 the Arizona Department of Health Services conducted a digital lottery on approximately 1,500 applications to award 26 adult use only marijuana dispensary licenses. The drawing did not disappoint several regional and multi-state operators who had partnered with sometimes hundreds of…
By: Counsel Tomas Ortiz Almost four years after the passage of the 2018 Farm Bill, California is taking another significant step toward regulating hemp-derived CBD. Legislative efforts to regulate CBD in California have failed, until last year, when the state finally passed Assembly Bill – 45, which allowed for the inclusion of hemp and…
By: Associate Michael A. Carlin Complying with California’s regulations related to cannabis businesses can be challenging. However, it is important to keep in mind that compliance with the Department of Cannabis Control is only one aspect of the requirements imposed by California state law. Overlooking compliance with California’s labor code can result in cannabis businesses…
By: Counsel Jonathan Purow It is an exciting time in New York, as there is finally momentum towards the first sales in the adult-use cannabis market. Just weeks after Governor Hochul signed a bill to permit qualified hemp farmers to start growing the first batch of adult-use cannabis, the Cannabis Control Board has released…
By Counsel Lolla Stovall Cannabis sales are accelerating swiftly as legalization efforts push through, increasing a whopping 67% in 2020 alone. The cannabis industry is now worth more than $60 billion and should exceed $100 billion by the end of the decade. Increasing sales naturally require increasing production. And as production has increased, the environmental…
By Counsel Lolla Stovall Cannabis production and sales is one of the hottest industries around, with an annualized growth rate of more than 20% for several years running. Marijuana stocks have experienced impressive runs, and it seems that another state or city legalizes recreational marijuana use daily. The success of cannabis startups and the greater…
By Jonathan M. Purow, Counsel At its meeting on November 10, 2021, the New Jersey Cannabis Regulatory Commission announced that it will start accepting applications for cultivation, manufacturing, and testing lab licenses on December 15, 2021, and applications for retail licenses on March 15, 2022. The applications will be accepted and approved on a rolling…