As of recent data released by the Office of Cannabis Management (OCM), New York now has 65 adult-use and delivery licenses operational, with two adult-use stores being approved earlier this month. While the first date of...more
As our world strives to become paperless, nearly all businesses, regardless of industry need to offer payment processing solutions other than cash to keep up with customer demands and expectations. The cannabis industry is no...more
8/15/2023
/ Agribusiness ,
Cannabis Products ,
Decriminalization of Marijuana ,
Dispensaries ,
Financial Institutions ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Payment Processors ,
Payment Systems ,
Recreational Use
In just about one month from its release date to the public, Maryland’s proposed adult-use cannabis regulations, HBO556, have received rumblings of discontent and concern from interested industry participants. Following the...more
Over the past few years, August has become a popular month for cannabis industry reform in Massachusetts....more
Special purpose acquisition companies (SPACs), or “blank check” companies, have been one of the most popular investments and investment vehicles over the past year – an alarming 308 SPACs have gone public since the start of...more
On February 3, 2021, the Massachusetts Supreme Judicial Court (SJC) heard a case that raised questions to a grievance cannabis operators in the Commonwealth have been grueling over for years. In the case of Mederi Inc. v....more
In an industry already rife with significant regulatory complexities, cannabis issuers face another challenge familiar to many small and emerging businesses raising capital: The regulatory minefield posed by hiring...more
On October 29, 2020, Burns & Levinson hosted its Fourth Annual State of the Cannabis Industry Conference, with nearly 200 attendees present – this year in a virtual setting. The conference featured a panel of various hemp &...more
Special Purpose Acquisition Companies (SPACS) have had increased activity in the cannabis and hemp/CBD industries over the past year. Presently, these “blank check companies” have raised more than $3 billion. Investors and...more
Over the past seven months, and just as recently as three weeks ago, the Federal Trade Commission (“FTC”) has released several warning letters to businesses selling CBD products. These letters concern the FTC’s review of...more
10/9/2019
/ Cannabidiol (CBD) oil ,
Cannabis Products ,
Dietary Supplements ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
FTC Act ,
Health Claims ,
Hemp ,
Marijuana ,
Marijuana Related Businesses ,
Marketing ,
Retail Market ,
Unfair or Deceptive Trade Practices ,
Warning Letters
On Thursday, July 25, 2019, the Senate Agriculture Committee held a hearing before federal regulatory agencies in the agriculture, public health and pesticides space concerning efforts to implement the legalization of hemp....more
8/13/2019
/ Agricultural Sector ,
Cannabidiol (CBD) oil ,
Decriminalization of Marijuana ,
Environmental Protection Agency (EPA) ,
Farm Bill ,
Food and Drug Administration (FDA) ,
Hemp ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Regulatory Oversight ,
USDA
Early this month, New Jersey enacted new workplace protections for authorized medical cannabis users -
Under the new regulations, employers are prohibited from taking an adverse employment action against an existing or...more
7/25/2019
/ Adverse Employment Action ,
Anti-Discrimination Policies ,
Decriminalization of Marijuana ,
Disability Discrimination ,
Drug Testing ,
Employer Liability Issues ,
Employment Policies ,
Hiring & Firing ,
Marijuana ,
Medical Marijuana ,
Reasonable Accommodation ,
State Labor Laws ,
Workplace Safety ,
Zero Tolerance Policies
Retail sales of medical and recreational marijuana in the U.S. have been projected to reach $12 billion by the end of 2019. In Massachusetts, the total sale of recreational marijuana have topped $100 million last month...more