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
Nearly $3.2M in Legal Cannabis Sold in Illinois on First Day, State Says
More than 77,000 transactions netted nearly $3.2 million in marijuana product sales on the first day of legal cannabis in Illinois, the state announced Thursday. The Illinois Department of Financial and Professional Regulation reported 77,128 transactions took place at cannabis dispensaries around Illinois, generating $3,176,256.71 on Day 1. “As we... Read more
Oregon Hemp Litigation: New Cases Demonstrate the Continued Importance of Due Diligence

Although I am a litigator who loves to be in court, I often counsel clients on how to avoid litigation – even though it may mean less work for me in the future!  Front and center in these discussions are: 1) the importance of due diligence prior to entering a new business relationship and 2)…

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10 fun facts about CBD oil

We’ve rounded up 10 fun facts about CBD oil in order to summarize just what it is, what we know about it, what it does and what we think it might do.

The post 10 fun facts about CBD oil appeared first on The Cannifornian.

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The stronger the joint, the higher the tax? Report weighs California marijuana tax change
Should that marijuana joint cost more because it is higher in THC content? That’s the argument put forth in a new report by the California Legislative Analyst’s Office. Currently, the state taxes cannabis at two points in the production cycle; cannabis is taxed by weight after it is harvested,... Read more
Black Caucus chairman threatens to resurrect six-month delay for recreational marijuana sales in Chicago
Ald. Jason Ervin (28th) says governor’s office is backtracking on promise to earmark two medical marijuana dispensary licenses for black or Hispanic operators. The chairman of the City Council’s Black Caucus threatened Thursday to try again to delay recreational marijuana sales in Chicago for six months after accusing Gov.... Read more
Michigan recreational marijuana sales top $3 million in 2 weeks
While the lines are shorter and the sales slightly less, Michigan’s recreational marijuana business remained brisk through its second week of existence. In two weeks, the handful of licensed, actively selling retail locations have tallied $3.1 million in sales, the state Marijuana Regulatory Agency reports. During the opening week... Read more
R.I. Senate won’t support legalizing marijuana in 2020
Marijuana legalization in Rhode Island appears dead in the state Senate for another year. Senate President Dominick Ruggerio said Tuesday he doesn’t think the state’s medical marijuana program has been well-regulated and expanding legal access to the drug any further is a bad idea. “No,” Ruggerio said in a... 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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USMCA and Cannabis Trade

Last week, amid the impeachment turmoil, President Trump and Democratic leadership somehow agreed on a landmark international trade agreement. The package is generally referred to as USMCA (U.S-Mexico-Canada Agreement), or sometimes as NAFTA 2.0. Although the White House has not yet released a final copy of USMCA, its contents are widely known. As expected, USCMA…

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