Passage of California’s Medicinal and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA“) has opened the doors to institutional investing in California cannabis companies. California’s lack of a residency requirement for investors and its relatively limited investor disclosure and background requirements have made it popular for institutional investors looking to invest in cannabis. View Full Post
What’s On Your Label, Part 3: California Cannabis Packaging and Labeling, and Prop. 65 It’s not optional for California packaging and labeling. California is just starting to get its cannabis packaging and labeling regulations right under MAUCRSA.  As part of this multi-part series on these regulations, I covered transition period product packaging and labeling in a previous post, and I analyzed the packaging and labeling for “New Products” in another post. View Full Post
Congress Speaks: State Medical Marijuana Laws are Safe Until September 30 Medical cannabis businesses are shielded, for now. State medical marijuana laws and their implementation are safe until September 30th of this year. In a highly anticipated move, Congress extended the protections of the well-known “Rohrabacher-Blumenauer Amendment” (the “Amendment”) last week. View Full Post
California (FINALLY) Begins Crackdown on Gray Market Marijuana Is the tide finally coming in for gray market California cannabis? For state-by-state legalization to succeed in the long run, state and local governments often need to take significant enforcement measures against existing “gray” cannabis markets to ensure that there’s an even playing field for licensed operators who face the financial pinch and responsibility of comprehensive licensing regulations and robust taxation. View Full Post
It seems like most days I receive a call or an email from a client or potential client that wants to examine a marijuana joint venture (JV). Whether it’s a business arrangement between companies that already has been negotiated, or stage one of the deal process, marijuana JVs are all the rage, even though many people don’t understand what they are getting into. View Full Post
What’s On Your Label, Part 2: California Cannabis Packaging and Labeling for “New” Products What are the packaging and labeling requirements for new marijuana products? California is just starting to get its cannabis packaging and labeling regulations right under MAUCRSA. The state has a mandated transition period from January 1 to July 1, 2018, during which time adult use and medical marijuana licensees can do business with each other, and temporary and annual state licensees can transport and sell cannabis products already in their possession in the newly regulated market. View Full Post
It seems like every state in its own way has tried to grapple with a state-legislated solution to the notorious banking issue across the cannabis industry. And now California is going to study its own banking solution that, in all reality, probably isn’t going to go anywhere. View Full Post
What’s On Your Label, Part 1: California Cannabis Packaging and Labeling for Transition Products There’s a lot going on with packaging and labeling requirements for California transition products. California is just starting to get its cannabis packaging and labeling regulations right under MAUCRSA. California has a mandated transition period from January 1 to July 1, 2018, during which time adult use and medical marijuana licensees can do business with each other and temporary and annual state licensees can transport and sell cannabis products already in their possession in the newly regulated market. View Full Post
Top Ten Legal Myths Around California Cannabis Legalization Even though licensing under the Medicinal and Adult-Use Cannabis Regulation and Safety Act (MAUCRSA) has launched in California, the process has been relatively anticlimactic. With the “transition period” and temporary licenses in play, we’re basically seeing the same gray market collectives (from retail to cultivation) enter the California cannabis marketplace without much fanfare while other unlicensed gray market collectives stay open and operating. View Full Post
It’s finally happening — Attorney General Jeff Sessions will, today, rescind the 2013 Cole Memo regarding federal enforcement in states that legalized cannabis. The Cole Memo, which came on the heels of marijuana legalization in Colorado and Washington back in 2012, set forth the Obama administration’s enforcement policies regarding state-legal marijuana. View Full Post