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
7/17/2024
/ Audits ,
Cannabis-Related Businesses (CRBs) ,
CARES Act ,
Controlled Substances Act ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
False Claims Act (FCA) ,
Federal Loans ,
Investigations ,
Marijuana Related Businesses ,
Paycheck Protection Program (PPP) ,
SBA
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
6/27/2024
/ Banking Restrictions ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Constitutional Challenges ,
Controlled Substances ,
Controlled Substances Act ,
Decriminalization of Marijuana ,
Excise Tax ,
Licensing Rules ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
NDAA ,
Proposed Legislation
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
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
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
There Has Been Little Movement in Federal Legalization. This has led to cannabis investors and companies to downgrade expectations for federal legalization and focus their strategies on state reform.
Federal lawmakers...more
7/27/2023
/ Banking Sector ,
Banks ,
Biden Administration ,
Cannabidiol (CBD) oil ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Cole Memorandum ,
Congressional Investigations & Hearings ,
DEA ,
Decriminalization of Marijuana ,
Department of Justice (DOJ) ,
Hemp ,
Hemp Related Businesses ,
Information Reports ,
Interstate Commerce ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Proposed Legislation ,
Regulatory Agenda ,
State and Local Government ,
Tax Revenues ,
THC
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
4/21/2023
/ Agribusiness ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Hemp ,
Legislative Agendas ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Recreational Use ,
State and Local Government
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
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