Lane Powell PC - Cannabis Law Advisor

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Firm Profile: Lane Powell PC
1420 Fifth Avenue, Ste. 4200
P.O. Box 91302
Seattle, WA 98111-1302, United States
Phone: 800.426.5801
Fax: 206.223.7107
Areas of Practice
  • Finance & Banking
  • Government
  • Intellectual Property
  • Securities Law
Locations
Other U.S. Locations
  • Alaska
  • Oregon
  • Washington
Other Countries
  • United Kingdom
Number of Attorneys
100+ Attorneys

FinCEN Retaining Bank Secrecy Act Marijuana Guidance — At Least for Now

As we reported last week, U.S. Attorney Jeff Sessions issued a memorandum on January 4 rescinding the seminal cannabis “Cole Memo” and other DOJ guidance involving cannabis. This has raised continuing issues and confusion for…more
 /  Business Organizations, Finance & Banking

Up in Smoke: Saying Goodbye to the Cole Memo

In what could hardly be characterized as a surprise, on January 4, U.S. Attorney General Jeff Sessions issued a memorandum (the “Sessions Memo”) that rescinds the seminal cannabis “Cole Memo” of August 29, 2013 and other…more
 /  Business Organizations, Criminal Law, Finance & Banking

Proposed Marijuana Farm Raises Scope of Oregon’s Right-to-Farm Law

A case in Yamhill County Circuit Court in McMinnville, Oregon pits two farms — a vineyard and a potential commercial marijuana grower — against each other, implicating the scope of Oregon’s Right to Farm law. At issue in Mahesh…more
 /  Agriculture

Valuing a Cannabis Business: Speculation & Risk

Determining the fair market value of an interest in a cannabis business is a difficult task. Existing and potential clients frequently ask us how cannabis businesses should be valued and whether or not there are any “trends” in…more
 /  Business Organizations

Making a Difference: Public Comment on Oregon Proposed Rulemaking

Most government agencies rely on an informal rulemaking process when drafting and finalizing rules interpreting the law. This process generally requires the appropriate government agency to notify the public of the proposed new…more
 /  Taxation

IRS Rifles Through Cannabis Records

A federal judge in Colorado recently upheld a summons issued by the IRS to the Marijuana Enforcement Division (MED) of the Colorado Department of Revenue. Rifle Remedies, LLC v. U.S., 120 AFTR 2d 2017-5447, (DC CO), 10/26/2017…more
 /  Business Organizations, Taxation

Forget Limes: Corona With WEED Is in the Pipeline

Constellation Brands Inc. — the company behind Corona beer — will invest nearly $200 million for a 9.9 percent stake in Canopy Growth Corporation, a publicly traded Canadian cannabis company, plus the right to acquire a greater…more
 /  Business Organizations

The Cannabis Patent War: In the Midst of Chaos, there is Opportunity*

In the recent issue of GQ magazine, an article entitled, “The Great Pot Monopoly Mystery,” sought to unravel some of the mystery behind the “shadowy” BioTech Institute LLC. The article made a particular point that should be of…more
 /  Business Organizations, Intellectual Property

Marijuana Facilities Are Subject to Odor and Other Air Pollution Regulations in Washington State

The Washington Clean Air Act governs air emissions and that includes the production and processing of marijuana. Whether the regulatory body is the Washington Department of Ecology or one of seven regional clean air agencies…more
 /  Energy & Utilities, Environmental Law

SEC Temporarily Suspends Two Marijuana Stocks

In the past two weeks, the SEC has temporarily suspended two marijuana stocks that trade on the OTC Markets. The suspensions lasting until June 5, involved, respectively, a questionable press release concerning a proposed…more
 /  Business Organizations, Securities Law

Taking Control: Oregon SB 1057

The Oregon Legislature recently passed Senate Bill 1057, which currently sits on the Governor’s desk awaiting her signature. The bill primarily addresses the Oregon Liquor Control Commission’s (OLCC) control over the state’s…more
 /  Agriculture, Business Organizations, Science, Computers, & Technology

But Officer, I Only Had One Joint, and It Was Legal!

Adult consumption of marijuana for medical or recreational purposes is legal in many states, including Washington State. Consumption also effectively is decriminalized (but still illegal) in British Columbia, Amsterdam, and…more
 /  Immigration Law

DOJ Fires a Warning Shot: New Federal Charging and Sentencing Policy

On May 10, 2017, Attorney General Jeff Sessions issued a memorandum establishing revised charging and sentencing policy applicable to the Department of Justice (the “Charging Memo”). The Washington Post quotes the Attorney…more
 /  Elections & Politics

Mind the Gap: Connecting CannaBusinesses and Investors

Lane Powell supports the Cannabis Investor Network (CIN) in Seattle. The mission of CIN is to connect accredited investors with state-legal cannabis businesses that need additional capital. Lane Powell hosted the inaugural…more
 /  Business Organizations, Finance & Banking

Medicinal marijuana patients’ protection from federal enforcement extended through the end of the fiscal year on September 30.

In the past five years, twenty-nine states and the District of Columbia (DC) have voted to legalize medicinal marijuana; and seven states and DC have legalized recreational marijuana use. The federal government has historically…more
 /  Business Organizations, Health
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