The highly anticipate North Carolina Farm Act, Senate bill 315, was recently signed by the Governor. However, all reference to updating the state’s industrial hemp program was removed from the final version, leaving the highlights of the bill to be
In The Weeds
Exploring Developments in Cannabis Law and Business
In The Weeds, published by Fox Rothschild LLP, focuses on legal developments and regulatory issues in the cannabis industry. The blog covers topics such as federal and state cannabis legislation, tax implications for cannabis businesses, banking and financial services challenges, licensing procedures, and compliance requirements. It highlights ongoing legislative efforts like the SAFER Banking Act, state-level regulatory updates including license lotteries and rule adoptions, and enforcement actions against unlicensed cannabis establishments. The blog serves as a resource for legal professionals, businesses, and stakeholders navigating the complex and evolving cannabis legal landscape.
Latest from In The Weeds - Page 6
Force Majeure Clauses in Cannabis Contracts
The global COVID-19, or coronavirus, pandemic has caused instability, uncertainty, and a downturn in most industries, and the cannabis industry has not been immune. The pandemic has caused several cannabis companies to terminate deals or modify contracts. However, the ability…
Illinois Offers Relief to Social Equity Dispensary Applicants that Hired 10 Full-Time Employees
In Illinois, 75 new adult use dispensary licenses were scheduled to be awarded on May 1, 2020. But, because of COVID-19, those licenses have been delayed by Governor Pritzker’s Executive Order 2020-34 for the duration of the Gubernatorial Disaster Proclamations…
CBD Companies Are Falsely Claiming CBD Can Prevent COVID-19
As COVID-19 continues to rapidly spread, individuals are seeking remedies to prevent or mitigate the effects of COVID-19. Some companies are claiming their CBD products can provide a variety of immunities from COVID-19. These unsubstantiated claims pose not only a…
Cannabis Companies Pivot to Make Sanitizer for First Responders During Pandemic
As the country grapples with the COVID-19 pandemic and drastic changes to the business environment, some cannabis companies have decided to pitch in and use some of their manufacturing and processing capacity to produce hand sanitizer. In California, companies such…
State-by-State COVID-19 Tax Relief Available for Cannabis Companies
Cannabis companies have been locked out from most of the COVID-19 relief loan and grant programs due to their legal status at the federal level. Those companies, however, are not prohibited from some tax relief provided in the CARES Act…
Cannabis Companies Sue Massachusetts Governor Over Orders Closing Recreational Stores
Yesterday, several adult-use marijuana establishments, and one medical marijuana patient, filed suit against Massachusetts Governor Charlie Baker requesting preliminary and permanent injunctive relief challenging his Covid-19 Order No. 13 and Covid-19 Order No. 21 (Orders) issued in relation to the…
In Lieu of SBA Loans, Cannabis Sector Turns to State Options
We have previously written about the fact that marijuana-based cannabis companies will not be eligible for SBA loans or other federal loan assistance issued under the CARES Act. The Fox team has prepared a summary of some state law alternatives…
The CARES Act, FFCRA and Cannabis Companies
Cannabis companies operating in the marijuana space face some unique difficulties when it comes to the COVID-19 crisis. As my colleague posted about last week, those companies will not be able to take advantage of the SBA loans offered under…
Illinois Department of Agriculture Announces New Policy For Use of Hemp in Cannabis Products
The Illinois Department of Agriculture recently released a policy for cultivators regarding the use of hemp in medical and adult use cannabis products. The complete version of the policy can be found here. The policy will be in effect…