Missouri’s New Medical Marijuana Industry Puts Banks In A Tough Spot
Robbie Guard sees a green opportunity in Missouri’s newest industry — medical marijuana. He runs the Cape Girardeau office for MRV Banks. The 13-year-old institution has just three locations along the Missouri side of the Mississippi River.  As a relatively young bank with a small footprint, it struggles to... Read more
Pot Frenzy Sweeps Thailand as Government Touts Medical Marijuana
Dr. Ganja is a bespectacled green cuddly teddy whose job is to educate Thailand about the benefits of medical marijuana. The squishy toy is the latest illustration of the nation’s embrace of medical cannabis, an industry poised to expand to more than $660 million by 2024 from an estimate of $300,000 last year. The biggest... Read more
Utah Cannabis: State of the State

As I wrote in a prior blog post, Utah’s cannabis market has special characteristics that you are unlikely to find in other states. This is due in large part to Utah’s hardworking, predominantly conservative, and compassionate culture. Marry those qualities together and the parameters and developments of the Utah medical cannabis and hemp marketplaces make…

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On the Horizon: California “Owner” and “Financial Interest Holder” Violations

California cannabis regulators are slowly getting into enforcement mode under the Medicinal and Adult-Use Cannabis Regulation Act (“MAUCRSA”). Ostensibly, enforcement to date has been around illegal sales and/or around the manufacturing of illegal products (like vape cartridges). It’s only a matter of time though before enforcement becomes more sophisticated around licensing, including the state increasing…

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Recreational marijuana backers in Florida seek more time for petition signatures
Arguing that a new law violates constitutional rights, supporters of a proposed constitutional amendment that would legalize recreational marijuana filed a lawsuit Tuesday seeking more time to submit petition signatures to get on the November ballot. The political committee Make It Legal Florida filed the lawsuit in Leon County... Read more
Utah’s medical marijuana pharmacy locations chosen
January 4, 2020 by AggregatedNews Leave a Comment The hunt for one of 14 licenses to operate a medical cannabis pharmacy in Utah is over. State health officials on Friday announced the 10 companies that are on track for permission to operate the retail locations, more than half of... Read more
California agency recommends major overhaul to state’s marijuana taxes

California’s struggling cannabis industry didn’t get the recommendation many hoped for — a call to sharply lower the industry’s tax rate — but a long-awaited state report did suggest a marijuana tax overhaul.

The post California agency recommends major overhaul to state’s marijuana taxes appeared first on The Cannifornian.

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Missouri awards first medical marijuana business licenses to 10 testing facilities
Missouri on Thursday awarded the first state licenses for medical marijuana businesses to 10 companies that will conduct safety and potency tests of marijuana products.  The license winners were the highest scoring among 17 applicants to the Department of Health and Senior Services, the state agency responsible for regulating medical... Read more
What’s in Alabama’s draft bill on medical marijuana?
Alabama’s Medical Cannabis Study Commission is voting by email this week whether to recommend legislation to legalize medical marijuana, a sweeping proposal that would regulate the products from cultivation to end user. The commission’s report will not be the final say but could be a starting point for lawmakers... Read more
Risky Business: Cannabis Security Interests and Secured Transactions

As a corporate and transactional attorney focused mostly on cannabis, I see my fair share of financing documents and transactions involving cannabis operators. It’s no secret many cannabis businesses can’t get bank accounts or loans or lines of credit from financial institutions because of the Bank Secrecy Act and federal anti-money laundering laws — despite…

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