Cue the Ron Paul “It’s Happening” gif and shout it from the rooftops: DEA will reschedule marijuana from Schedule I to Schedule III of the Controlled Substances Act, per a report from the AP. The United States federal...more
As we’ve noted before, Tennessee is likely to be the last Deep South state to legalize medical cannabis. But given the pace at which states have legalized (38 states plus the District of Columbia), last doesn’t necessarily...more
11/9/2023
/ Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Legislative Agendas ,
Licensing Rules ,
Marijuana ,
Medical Marijuana ,
Regulatory Agenda ,
Regulatory Requirements ,
State and Local Government ,
State Legislatures ,
Tennessee
Cannabis has long been a source of inspiration for musicians like Willie Nelson and Hank Williams Jr. Outlaws like Willie and Hank paved the way for the next generation of country artists to sing their cannabis praises. Margo...more
FDA warning letters are nothing new in the cannabis industry. In fact, we here at Budding Trends have covered this topic a number of times (here, here, and here). Not resigned to playing the hits, however, the FDA issued a...more
12/13/2022
/ Cannabidiol (CBD) oil ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Enforcement ,
Farm Bill ,
Federal Trade Commission (FTC) ,
Food and Drug Administration (FDA) ,
Hemp ,
Hemp Related Businesses ,
Marijuana ,
Marijuana Related Businesses ,
Marketing ,
State and Local Government ,
Warning Letters
Yesterday, President Joe Biden made two historic announcements which he described as steps to “end” the federal government’s “failed approach” to marijuana. First, he is issuing mass pardons for federal convictions of simple...more
10/7/2022
/ Biden Administration ,
Cannabis Products ,
Decriminalization of Marijuana ,
Department of Health and Human Services (HHS) ,
Deregulation ,
Legislative Agendas ,
Marijuana ,
Presidential Pardons ,
Presidential Proclamations ,
Regulatory Agenda ,
Regulatory Reform ,
Wrongful Conviction
The changes in the cannabis industry in Southeastern United States represent some of the most surprising and remarkable changes in the history of the industry...
Originally published by Bloomberg Law....more
9/15/2022
/ Alabama ,
Arkansas ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Florida ,
Georgia ,
Louisiana ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
North Carolina ,
Proposed Legislation ,
State and Local Government ,
State Legislatures ,
Tennessee
This is the first in what we hope will be a regular feature where our editors – Whitt Steineker, Jay Wright, Hunter Robinson, and Slates Veazey – discuss cannabis issues in the news and take a stab at where the cannabis...more
Few industries promise rapid growth equal to that of the cannabis industry, with one study projecting the industry could reach $30 billion in annual sales by 2025. This growth continues to accelerate as more states legalize...more
3/10/2021
/ Biden Administration ,
Breach of Contract ,
Cannabis-Related Businesses (CRBs) ,
Commercial Contracts ,
Commercial Insurance Policies ,
Commercial Leases ,
Contract Formation ,
Decriminalization of Marijuana ,
Denial of Insurance Coverage ,
Illegality Defense ,
Loan Agreements ,
Unenforceable Contract Terms ,
Unjust Enrichment
This is the second article in a three-part series focused on the intersection of the 2020 United States presidential election and marijuana policy. Each article will focus on the specific presidential candidates of the two...more
This is the first article in a three-part series focused on the intersection of the 2020 presidential election and cannabis policy in the United States. Each article will focus on the specific presidential candidates of the...more
On January 17, 2018, Florida’s new governor, Ron DeSantis, delivered news that could supercharge the growth of Florida’s medical-cannabis industry. Governor DeSantis indicated he may drop the State’s appeal from a trial...more
2/5/2019
/ Decriminalization of Marijuana ,
Department of Health and Human Services (HHS) ,
Dispensaries ,
Licensing Rules ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Smoking Bans ,
State Constitutions ,
Vertical Integration
For years, the “legal” cannabis industry – operating in states that have legalized cannabis under state law despite its long-standing prohibition under federal law – and the financial institutions that serve the industry have...more
Since 1996, when California became the first state to legalize marijuana (at the time, for medicinal purposes only), 28 additional states and the District of Columbia have legalized marijuana to some extent. Public support...more
5/29/2018
/ Banking Sector ,
BSA/AML ,
Cole Memorandum ,
Criminal Prosecution ,
Decriminalization of Marijuana ,
Department of Justice (DOJ) ,
Dispensaries ,
FDIC ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
Policy Memorandums ,
Regulatory Standards ,
Suspicious Activity Reports (SARs) ,
Trump Administration