News & Analysis as of September 21, 2024

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Medical Marijuana refers to the use of marijuana to treat or alleviate symptoms of certain illnesses. A growing number of states permit individuals to use marijuana on the recommendation of a physician. Despite state laws to the contrary, Federal law still prohibits the use or possession of marijuana. The conflict between state and federal law on this issue has created interesting enforcement issues and significant legal hurdles for medical marijuana providers. less -

The Week in Weed: September 2024

Seyfarth Shaw LLP on 9/6/2024

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. First, we have an update on the Missouri rules dealing with intoxicating hemp products. Then, we see the...more

DEA’s Plan to Reschedule Cannabis: Implications and Insights

McCarter & English, LLP on 5/6/2024

Earlier this week, the Department of Justice proposed reclassifying cannabis from Schedule I to Schedule III under the Controlled Substances Act. The move follows an August 2023 recommendation from the Department of Health...more

The Week in Weed: May 2024

Seyfarth Shaw LLP on 5/3/2024

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. In what’s probably the biggest news in cannabis since Canada legalized, the Drug Enforcement Administration has...more

4 Major Implications of Cannabis Moving to Schedule III

Vicente LLP on 5/1/2024

After 50 years of being on the most restrictive schedule alongside drugs like heroin and PCP, the DEA will move to reschedule marijuana in Schedule III, where the plant’s medical benefits will finally be recognized by the...more

The Week in Weed: April 2024

Seyfarth Shaw LLP on 4/5/2024

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, Virginia Governor Youngkin took action on the retail market bill. The Florida Supreme Court handed down...more

The Week in Weed: February 2024

Seyfarth Shaw LLP on 2/2/2024

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. We see some movement on setting up a retail market in Virginia. Senate Democrats would like to see less re-scheduling...more

The Year in Weed: 2023 Edition

Seyfarth Shaw LLP on 12/29/2023

Welcome back to The Year In Weed, The Blunt Truth’s annual roundup of cannabis-related stories. As usual, I’ll adopt Dave Barry’s Year in Review (sadly, no longer available for free) format and look at stories month by...more

The Week in Weed: December 2023 # 3

Seyfarth Shaw LLP on 12/15/2023

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. Ohio legislators are busy writing a marijuana law. STATES 2.0 makes an appearance in Congress. The Department of...more

Podcast: Tax and Banking Implications of Rescheduling Marijuana [More with McGlinchey, Ep. 61]

McGlinchey Stafford on 10/3/2023

In late August, the U.S. Department of Health and Human Services announced that it would recommend moving marijuana from Schedule I to Schedule III of the Controlled Substances Act. In this episode, corporate cannabis...more

The Week in Weed: September 2023

Seyfarth Shaw LLP on 9/1/2023

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we see the rocky road to a retail market in New York continues to be, well, rocky. Alabama is having...more

The Week in Weed: July 2023 # 2

Seyfarth Shaw LLP on 7/14/2023

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we check in on Pennsylvania, Ohio and Virginia – each state is in a different place and heading in a...more

The Week in Weed: June 2023 # 3

Seyfarth Shaw LLP on 6/16/2023

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we see how the SAFE Banking Act is faring in the Senate. We also check in on North Carolina, where medical...more

The Deduction of Cannabis Business Expenses Following New York’s 2023 Budget

Rivkin Radler LLP on 4/13/2022

The 2023 Budget- Last week, the New York Legislature passed the State’s 2022-2023 Budget. The $220 billion Budget reflects an $8 billion increase over last year’s budget (a more than 3 percent jump). It is also $4 billion...more

Congress Keeps Taking Baby Steps on Marijuana Reform

Partridge Snow & Hahn LLP on 5/27/2021

This month, two congressional Republican lawmakers introduced a bill to legalize marijuana at the federal level, as well as to protect banks that service state-legal cannabis businesses and to ensure that military veterans...more

Eaze Case Puts Financial Institutions on Notice

Burns & Levinson LLP on 3/25/2021

On March 24, 2021, Defendants Hamid (Ray) Akhavan and Ruben Weigand were found guilty of defrauding banks as part of a scheme they had set up to help cannabis company Eaze accept credit card payments for marijuana purchases....more

2020 Global Cannabis Guide Chapters - Colombia

World Law Group on 11/2/2020

World Law Group member firms recently collaborated on a Global Cannabis Guide that provides a brief overview of laws and policies regarding the use of cannabis in various jurisdictions. It briefly outlines information on the...more

The Week in Weed: June 2020

Seyfarth Shaw LLP on 6/6/2020

Louisiana is expanding medical marijuana, and the United Nations may reschedule cannabis. Meanwhile, PetSmart faces a lawsuit over pet CBD. MedMen has campaign finance problems, and the 9th Circuit looks at taxes....more

The Week in Weed: May 2020 #5

Seyfarth Shaw LLP on 5/31/2020

The news is mostly happening in the states this week. Oklahoma is having some medical marijuana issues. Massachusetts recreational shops reopened. Virginia decriminalized marijuana. Ohio may not put cannabis on the ballot...more

The Week in Weed: March 2020 #2

Seyfarth Shaw LLP on 3/13/2020

FEDERAL NEWS - The big news this week was the FDA’s report to Congress on CBD. The report did not set out a timeline for usage guidelines, citing the need for more data. Commissioner Stephen Hahn did indicate he thought...more

The Week in Weed: March 2020

Seyfarth Shaw LLP on 3/6/2020

To cap or not to cap, that was the question facing the state of Florida this week. Lawmakers wrestled with the issue of capping THC content in medical marijuana for those patients under the age of 21. The Senate Rules...more

The Week in Weed: February 2020 #3

Seyfarth Shaw LLP on 2/21/2020

The big news this week is that Alabama is considering a bill that would legalize medical marijuana in the state. The bill passed the Senate Judiciary Committee; it now heads to a full Senate vote later in this legislative...more

The Week in Weed: February 2019

Seyfarth Shaw LLP on 2/7/2020

Let’s start out with the world of cannabusiness. MedMen CEO Adam Bierman left the company effective February 1. Shares climbed 13% on the news. Bierman is not the only person in the industry losing his job; several...more

The Week in Weed: January 2020 #4

Seyfarth Shaw LLP on 1/24/2020

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. The big news in cannabis this week comes from New Mexico. Legislation introduced last Thursday would legalize...more

Missouri Financial Institutions Must Prepare for Impending Marijuana Banking Challenges

Stinson LLP on 1/15/2020

In November 2018, Missouri voters passed Amendment 2, setting in motion state regulated medical marijuana. Over the last month, the Missouri Department of Health & Senior Services (DHSS) began approving license applications...more

The Year in Weed: 2019 Edition

Seyfarth Shaw LLP on 12/27/2019

Welcome to The Week in Weed’s look back at the news of 2019; whether the year has flown by or seemed to last forever, it’s (almost) over now. In tribute to Dave Barry and his always hilarious Year in Review, we’ll organize...more

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