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Cannabis Industry Quarterly Update: Q1 2025

Movement on legalizing cannabis inches ahead on a federal level - Cannabis rescheduling hearings began on January 21, 2025, to evaluate moving cannabis from Schedule I to Schedule III of the Controlled Substances Act as...more

Cannabis Industry Quarterly Update: Q3-Q4 2024

Historic DEA marijuana rescheduling hearing opens, paused until mid-January - Historic hearings to reconsider marijuana's federal status will start mid-January, as announced by U.S. DEA Judge John Mulrooney II. The focus...more

Ohio Still Slow to Adapt Cannabis Business After November 2023 Legalization of Recreational Use

They call it the Green Mile on I-75 North, just 11 miles north of the Ohio border in Michigan where several dispensaries compete for out of state cannabis business, including Ohio’s....more

Engaging in Activities that Violate Federal Law? DOJ Scrutiny of PPP Loan Recipients Turns to Ancillary Companies Supporting the...

Since its inception, the cannabis industry has always existed alongside significant regulatory and compliance challenges. These largely stem from the fact that the manufacture, distribution and possession of marijuana remains...more

Cannabis Industry Quarterly Update: Q2 2024

Biden administration formally proposes moving marijuana to Schedule 3 - Attorney General Merrick Garland has proposed reclassifying marijuana to Schedule III of the Controlled Substances Act, following President Biden's...more

HERE. WE. GO. Cannabis to be Rescheduled under the CSA

The moment we have all been waiting for has finally happened. Today, the AP reported that the Drug Enforcement Administration (DEA) has accepted the recommendation of the U.S. Department of Health and Human Services (HHS) to...more

Cannabis Industry Quarterly Update: Q1 2024

If the Federal Government reschedules marijuana, experts believe it could lead to a cascade of state-level changes. There is growing evidence that Joe Biden’s administration is working on moving marijuana to Schedule III...more

Illinois Cannabis Outlook 2024

Since passing recreational cannabis in 2019, Illinois has emerged as one of the largest cannabis markets in the country, with total sales approaching $2 billion in 2023. Adult-use cannabis tax revenue topped that of alcohol,...more

Cannabis Industry Quarterly Update: Q3 2023

The U.S. Department of Health and Human Services has recommended that the DEA reclassify cannabis to Schedule III - The U.S. Department of Health and Human Services (HHS) recommended that the U.S. Drug Enforcement Agency...more

Government Takes First Steps Toward Federal Legalization

In a historic move by the federal government, the U.S. Department of Health and Human Services (HHS) on August 30 recommended that cannabis be moved from Schedule I to Schedule III of the Controlled Substances Act....more

Cannabis Industry Quarterly Update: Q1 - 2023

Lawmakers continue to work on federal marijuana legislation as well as marijuana banking reform; meanwhile states push ahead with own initiatives - Many states continue to see action through legislation and ballot...more

Illinois Cannabis Industry Snapshot: 2023

The cannabis landscape in Illinois has grown more challenging in the past year as market conditions have tightened and state regulations continue to create obstacles for start-up growers and retailers. Here are some...more

Cannabis Securities Law Update: Shareholder Suit Based on Vague Descriptions Of Product Quality Dismissed as Mere Puffery

New York court dismisses securities fraud claim alleging that cannabis producer misrepresented that its product is “high-quality” despite shipment containing mold and rubber gloves. On May 15, 2020, Justice Barry R....more

Ohio Cannabis Activity Update: Legislation, Ballot Initiative and Hemp Program Summarized

Three separate marijuana-related proposals were announced by Ohio legislators in May. House Bill 634 would allow the cultivation of up to 12 marijuana plants and possession of up to 100 grams of marijuana or 10 grams of...more

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