On Friday, September 8, the Maryland Cannabis Administration (MCA) Office of Social Equity released additional information for its upcoming initial licensing round, including the social equity verification portal, application timeframe and deadlines, and the number of licenses available per county. The
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New York On the Fast Track for Cannabis License Application Submission
As will be discussed in greater detail by the Foley Hoag’s cannabis practice team on its webinar scheduled for September 13, 2023, the New York Cannabis Control Board (“CCB”) and Office of Cannabis Management (“OCM”) took substantial and meaningful…
CCC Holds Public Hearing on Proposed Host Community Agreement Requirements
On September 8, 2023, the Cannabis Control Commission (“CCC”) held a hearing to discuss its proposed regulations, which were published in the Massachusetts Register on August 16. The regulations, which we discussed in a previous post here, fundamentally change…
Cannabis Rescheduling Will Not Open Bankruptcy Doors
By Alison Bauer
As previously discussed by Foley Hoag’s attorneys in its Cannabis practice, a rescheduling of cannabis from a Schedule I Controlled Substance to a Schedule III Controlled Substance will provide cannabis businesses with the ability to claim tax deductions and…
Between a Rock and a Hard Place: Rescheduling and the UN Single Convention on Narcotics
Will the United States Attorney General, via the U.S. Drug Enforcement Administration (“DEA”) follow the recent recommendation of the U.S. Department of Health and Human Services (“HHS”) to reschedule cannabis to Schedule III? The plain language in the United States…
EPA Must Consult With Other Agencies Before Issuing Water Quality Criteria: Is This an Example of Congressional Use of Behavioral Economics?
By Seth Jaffe
Last month, Judge John Hunderaker held that the Endangered Species Act requires EPA to consult with the Fish and Wildlife Service and the National Marine Fisheries Service before issuing recommended water quality criteria. He also vacated EPA’s 2016 chronic freshwater…
Maryland Releases Eligibility Criteria for Social Equity Applicants for Fall 2023 Cannabis License Application Period
Key Takeaways:
Maryland’s eligibility criteria to be considered a social equity applicant:
- An interactive map of the Disproportionately Impacted Areas in Maryland, qualifying public schools that remain open and institutions of higher education, is available on the Office of Social
…
SEC Publishes New Rule 10b5-1 C&DIs
On August 25, 2023, the SEC issued new compliance and disclosure interpretations (C&DIs) related to (i) the December 2022 Rule 10b5-1 amendments and (ii) the related issuer disclosure requirements. The full text of the Rule 10b5-1 amendment C&DIs and the…
U.S. Department of Labor’s Proposed Rule Could Make Millions of Employees Overtime-Eligible
The Cannabis Rescheduling Recommendation: What it Means and What’s Next
In light of the August 30, 2023 historic recommendation from the U.S. Department of Health and Human Services (HHS) to reschedule cannabis to Schedule III, a multidisciplinary group of attorneys from Foley Hoag’s nationwide Cannabis practice provides the following outlook…