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…
By Robert A. Mandel, Dr. Jayashree Mitra, and Jonathan M. Purow Despite the absence of White House support, United States Senate Majority Leader Charles Schumer (D-N.Y.) unveiled on Thursday a preliminary draft of the ambitious Cannabis Administration and Opportunity Act (“CAOA”), which, if enacted, would decriminalize cannabis if cultivated, manufactured, sold, administered, used, and possessed in a regulatory-compliant manner and preserve at least parts of existing…
Portland Engineering Inc. and its wholly-owned subsidiary Thompson Duke Industrial, LLC, (collectively “Portland Engineering”) announce that they have entered into a settlement agreement with Canadian defendants ATG Pharma Inc. and Advanced Integrated Robotics Inc. (collectively “ATG Pharma”), ending the patent disputes between the companies. Portland Engineering had filed a patent infringement action against ATG Pharma…
By Robert Mandel, Jayashree Mitra, Ph.D., Jonathan Purow SUMMARY: Governor Andrew Cuomo’s signature on the Marijuana Regulation and Taxation Act (“MRTA”) legalizes adult-use marijuana in the State of New York, one of the largest consumer markets in the nation. While there are many steps to be taken before adult-use marijuana is available for purchase and…
By Tomas A. Ortiz It has now been two years since the 2018 Farm Bill became law and, despite legalization, the hemp industry continues to experience some choppy waters. There remains inconsistency and uncertainty surrounding regulatory framework (both at state and local levels), litigation and uncertainty with the DEA, ongoing access challenges to banking and…
Luxembourg’s Health Care Minister Etienne Schneider recently elucidated on the country’s hope to legalize recreational cannabis within the next two years, which would make it the first to pass such laws in the EU. The Health Ministry and the Minister of Justice will submit a draft to the Government Council this fall. If the Government…
Unlicensed cannabis retailers take away tax revenue from state and local governments, and force those governments to divert needed public funding for investigation or prosecution. Unlicensed cannabis puts financial pressure on legal operators that are struggling to apply, comply, and prosper. Lack of quality control at unlicensed cannabis businesses also poses a public health risk…
