On September 21, 2018 David Rible, the Director of the New Jersey Division of Alcoholic Beverage Control, issued a Special Ruling applicable to NJ Craft Beer Brewery Licensees. The growth of the craft beer industry in NJ (88 limited
Corporate Law
The Cole Schotz P.C. blog covers a range of corporate law topics including corporate transactions, bankruptcy and corporate restructuring, securities regulation, and digital assets such as cryptocurrencies and NFTs. It discusses regulatory compliance issues involving the SEC, CFTC, and IRS, as well as legal considerations for digital asset investments, initial coin offerings, and cryptocurrency payments. The blog also addresses real estate finance, litigation, employment, and intellectual property matters within the corporate context. It provides updates on legal developments affecting various industries and offers insights into the intersection of corporate law with emerging technologies and financial instruments.
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NJ Liquor License Bill in the Works
New Jersey’s liquor license laws have generally remained unchanged for decades and have been a sore spot for municipalities seeking to fuel economic growth and small businesses hoping to open in town centers across the State. Assemblymen John Burzichelli and…
A Summary of the SEC’s Director of Corporation Finance Speech on Cryptocurrencies
On June 14, 2018, the SEC’s Division of Corporation Finance Director, William Hinman, gave a speech titled “Digital Asset Transactions: When Howey Met Gary (Plastic).” This speech provides additional insight into the SEC’s view as to whether cryptocurrencies…
Garden State Cultivates Industrial Hemp Growth
As the State of New Jersey continues to evaluate the expansion of current legislation related to medicinal use cannabis and the legalization of recreational cannabis, proposed legislation advancing in the New Jersey legislature has set its sights on marijuana’s less…
Signs of Federal Retreat on Legal Cannabis
After months of uncertainty surrounding the enforceability of state marijuana legislation in light of federal prohibitions, President Trump may have offered the legal cannabis industry some solace.
Late last week, President Trump promised to abandon Justice Department efforts to target…
Room for Growth in New Jersey’s Medical Marijuana Program
On March 23, 2018, in response to Governor Murphy’s Executive Order 6 which directed the New Jersey Department of Health (“Department”) to review New Jersey’s Medical Marijuana Program (the “Medical Marijuana Program” or “Program”), the Department issued its report focusing…
Blockchain and Cryptocurrency: Recent Legal and Regulatory Developments
The first two weeks in March 2018 have seen a number of developments with respect to the regulation of cryptocurrencies in the United States.
Regulation of Online Cryptocurrency Trading Platforms
On March 7, 2018, the Securities and Exchange Commission (“SEC”)…
Power Hungry Cannabis Industry Faces Mix of Energy Related Taxes, Fees, and Regulations
Growing cannabis, especially indoors, is energy-intensive. It can take upwards of 5,000 kWh to grow just one kilogram of cannabis (2,000 kWh to grow one pound) as compared to 10,000 kWh of energy to power a residence in…
The Path to Legalization: New Jersey’s Pursuit of Marijuana Reform
Upon assuming office earlier this year, New Jersey Governor Phil Murphy emphasized his intention to legalize marijuana for adult use throughout the State as a priority item. To that end, the State of New Jersey has already taken visible steps…
New Jersey Legislature Looks to Loosen Reins on Craft Breweries
Cheers! New Jersey’s Agricultural and Natural Resources Committee voted 5-0 last week in favor of bill A2196. The bill is designed, among other things, to eliminate the current “mandatory tour” obligation imposed upon New Jersey’s craft brewers. Under the current…