Medical cannabis is on the way in Alabama. What does that mean for Alabama banks? The implications of this development are enormous for the financial services industry in Alabama, as each institution will soon have to...more
3/8/2022
/ Alabama ,
Anti-Money Laundering ,
Banking Sector ,
Cannabis Products ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
Medical Marijuana ,
Risk Factors ,
Risk Management ,
SAFE Act ,
State and Local Government ,
State Legislatures
Medical cannabis has arrived in Mississippi. What does that mean for Mississippi banks? The implications of this development are enormous for the financial services industry in Mississippi, as each institution will soon have...more
Merle Haggard famously sang “I Think I’ll Just Stay Here and Drink.” For decades, Alabama’s dated alcohol rules made that easier said than done in the Yellowhammer State, as alcohol delivery was prohibited and wine shipments...more
Time can move slowly in South Carolina – like the time it takes to turn a whole hog into a whole meal, or maybe to turn grain, yeast, and water into whiskey. When it comes to cannabis reform in South Carolina, however,...more
Only days ago, we discussed the prospects for cannabis reform in Tennessee. And lawmakers are already pushing such reform in the early days of this legislative session.
On the hemp front, Rep. Chris Hurt filed House Bill...more
Aristotle, Confucius, Voltaire, and Shakespeare – each of them famously cautioned, in some fashion and in his own language, that perfect is the enemy of good. While we should strive for the best result, if the best result is...more
In the months immediately following passage of Alabama’s new medical cannabis law, there was a flurry of activity throughout the state to engage attorneys, lobbyists, and perceived influencers to help dozens of well-heeled...more
Earlier this week, leadership from both chambers of the Mississippi Legislature agreed to a draft bill for a Mississippi medical marijuana program. Lawmakers have asked Gov. Tate Reeves to call them into special session on...more
10/1/2021
/ Cannabis Act ,
Cannabis-Related Businesses (CRBs) ,
Governor Reeves ,
Legislative Agendas ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
New Legislation ,
Proposed Legislation ,
State and Local Government ,
State Legislatures
Very few divorces end with a clear “winner” as famously observed by the late, great Jerry Reed in “She Got the Goldmine (I Got the Shaft).” That is as true in a personal divorce as it is a “business divorce.”
Business...more
Alabama became the 36th state to allow cannabis for medical use when Gov. Kay Ivey signed into law the Darren Wesley ‘Ato’ Hall Compassion Act on May 17, 2021. The act establishes a process through which applicants will...more
8/27/2021
/ Alabama ,
Cannabis Products ,
Legalization ,
Legislative Agendas ,
Licenses ,
Marijuana ,
Medical Marijuana ,
New Legislation ,
State and Local Government ,
State Legislatures ,
Transport Rule
Alabama became the 36th state to allow cannabis for medical use when Gov. Kay Ivey signed into law the Darren Wesley ‘Ato’ Hall Compassion Act on May 17, 2021. The act establishes a process through which applicants will...more
8/27/2021
/ Alabama ,
Cannabis Act ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Governor Ivey ,
Laboratory Developed Tests ,
Licenses ,
Marijuana Related Businesses ,
Medical Marijuana ,
New Legislation ,
Regulatory Oversight ,
State and Local Government
Alabama became the 36th state to allow cannabis for medical use when Gov. Kay Ivey signed into law the Darren Wesley ‘Ato’ Hall Compassion Act on May 17, 2021. The act establishes a process through which applicants will...more
7/29/2021
/ Agribusiness ,
Alabama ,
Applicants ,
Applications ,
Cannabis-Related Businesses (CRBs) ,
Dispensaries ,
Governor Ivey ,
Licenses ,
Licensing Rules ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Required Documentation ,
State and Local Government
Alabama became the 36th state to allow cannabis for medical use when Gov. Kay Ivey signed into law the Darren Wesley ‘Ato’ Hall Compassion Act on May 17, 2021. The Act establishes a process through which applicants will...more
On July 14, 2021, Senate Majority Leader Chuck Schumer (D-NY), Senate Finance Committee Chairman Ron Wyden (D-OR), and Sen. Cory Booker (D-NJ) unveiled a draft of the Cannabis Administration and Opportunity Act.
The...more
The Mississippi Medical Marijuana program will not go forward – at least not at this time. On Friday, the Mississippi Supreme Court handed down its decision in the City of Madison’s challenge to Initiative 65, Mary Hawkins...more
We wrote yesterday that the Alabama House of Representatives voted 68-34 in favor of the medical cannabis bill. Late last night, the Senate concurred with the House’s version of the bill. The bill now moves out of the...more
In February a bill to legalize, regulate, and tax non-smokable medicinal cannabis passed through the Alabama Senate on a 21-10 vote. Progress on the bill slowed after moving to the House. The medical cannabis bill passed both...more
Earlier this week, the Mississippi Department of Health (MSDH) published a second set of proposed rules and regulations, which include Subpart 3 (Advertising and Marketing) and Subpart 4 (Tracking and Labeling). The MSDH...more
Yesterday, the Mississippi Supreme Court held oral argument in the City of Madison’s challenge to Initiative 65, Mary Hawkins Butler v. Michael Watson, 2020-IA-01199-SCT. Madison Mayor Mary Hawkins Butler asked the court to...more
Over the last month, the Mississippi Department of Health (MSDH) has been working to meet the July 1, 2021, deadline that Initiative 65 imposed on the MSDH to publish its final rules and regulations governing Mississippi’s...more
There is a scene in The Hunt for Red October when Captain Marko Ramius, played wonderfully by the late, great Sean Connery, says of a pending nuclear standoff: “Once more, we play our dangerous game, a game of chess against...more
Mississippi is on the precipice of implementing a medical marijuana regime, as Mississippians voted overwhelmingly to approve Initiative 65 last November. Those awaiting the green light should take advantage of the additional...more
3/24/2021
/ Cannabis-Related Businesses (CRBs) ,
Cost of Goods Sold (COGS) ,
Decriminalization of Marijuana ,
Dispensaries ,
Documentation ,
IRC Section 280E ,
IRS ,
Legislative Agendas ,
Local v State Laws ,
Marijuana Related Businesses ,
Medical Marijuana ,
State and Local Government ,
State Legislatures ,
State Taxes ,
Treasury Regulations
It has been said that, sooner or later, everything old is new again. In the wake of the novel coronavirus pandemic (COVID-19) sweeping the globe in 2020, a heretofore largely overlooked and even less understood nineteenth...more
Last year, Mississippians voted overwhelmingly to approve Initiative 65 and legalize medical marijuana. While the fate of the initiative is currently in limbo — until the Mississippi Supreme Court decides its fate — it seems...more
3/10/2021
/ Americans with Disabilities Act (ADA) ,
Compliance ,
Contractors ,
Drug Testing ,
Employer Liability Issues ,
Employment Policies ,
Medical Marijuana ,
MS Supreme Court ,
OSHA ,
Policies and Procedures ,
State and Local Government ,
Workplace Safety ,
Zero Tolerance Policies
A proposal pending in the Oregon Legislative Assembly would limit title insurers’ potential grounds for refusing to insure certain real property transactions involving cannabis. Specifically, HB 2806, presented by Reps. David...more