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Recent amendments to Connecticut’s cannabis and hemp laws are providing great relief to DIA (Section 149) cultivators who have struggled to operationalize their licenses. The new rules provide the opportunity to convert to a...more
Earlier this week, the Florida legislature passed a bill (SB 1698) that will limit the amount of THC in hemp-derived products and threatens to upend the novel cannabinoid industry in the state. For the past few years,...more
Cannabis industry participants are keeping close tabs on a potential breakthrough in the Virginia recreational cannabis market. Virginia legalized adult-use recreational cannabis in 2021, but legislation that would have...more
New York Governor Kathy Hochul signed a bill on Friday, November 20, 2023, that allows New York City cannabis businesses to deduct business expenses paid or incurred in carrying on such business for purposes of determining...more
On November 7, 2023, Ohio voters voted in favor of Ohio Issue 2, An Act to Control and Regulate Adult Use Cannabis, over the strong objections of Ohio’s governor. Ohio becomes the 24th state to legalize adult-use cannabis and...more
On November 7, 2023, voters in Ohio approved Ohio Issue 2, the Marijuana Legalization Initiative (the Initiative), which legalizes marijuana for recreational use in Ohio. Among its key provisions, the Ohio Initiative creates...more
The Secure and Fair Enforcement Banking Act (SAFE) of 2019 creates “protections for depository institutions that provide financial services to cannabis-related legitimate businesses and services providers for such businesses,...more
On Friday, September 8, the Maryland Cannabis Administration (MCA) Office of Social Equity released additional information for its upcoming initial licensing round, including the social equity verification portal, application...more
Governor Kathy Hochul’s determined efforts to combat illegal cannabis operations in New York have gained even more momentum with a new multi-agency initiative authorized as part of the 2024 Budget. The State aims to curtail...more
Since its legalization in 2014, Colorado's cannabis industry has experienced unprecedented growth, surpassing $10.5 billion in total sales. The first quarter of 2021 alone saw marijuana sales exceeding $560 million, according...more
Governor Mike DeWine signed into law Am.Sub.H.B.33, Ohio’s biennial budget bill, on July 3, 2023, which includes changes to Ohio’s medical marijuana laws. Additionally, the prospects of legalized adult recreational use of...more
Last week, New York Governor Kathy Hochul unveiled a noteworthy development regarding the New York State Cannabis Social Equity Investment Fund (the “Fund”), as it secured a substantial investment of $150 million from Chicago...more
Last week the Maryland Cannabis Administration (MSA) released its draft emergency regulations for the state’s adult-use marijuana market which is set to come online on July 1. The draft regulations are subject to review by...more
Over the past month, both Delaware and Minnesota have legalized adult-use cannabis. They are the first two states to legalize in 2023 and represent the 22nd and 23rd states to allow for adult-use commercial cannabis markets. ...more
At long last, Minnesota’s recreational cannabis industry is officially budding. In the early morning hours of May 20, 2023, the Minnesota Senate voted to legalize recreational cannabis by passing a final bill which, once...more
On April 28, 2023, Texas and Florida both accepted the expected dozens of applications for a limited number of medical cannabis licenses in those respective states. In the background, Kentucky recently legalized medical...more
We are within days of adult recreational cannabis officially becoming a law here in the North Star State. Competing bills have woven their way through dozens of committees in both the Minnesota House and Senate, and over the...more
Maryland House Bill 556 (cross-filed with Maryland Senate Bill 516), introduced on February 3, 2023, contains essential provisions for any person or entity interested in participating in the cannabis industry in Maryland....more
New York City Attempts to Crack Down on Illicit Cannabis Market - During a council hearing on Jan. 18, 2023, New York City lawmakers and law enforcement officials discussed the need for tackling the city’s illicit cannabis...more
On January 16, 2023, the Texas Department of Public Safety (DPS) Regulatory Services Division (RSD) announced it would begin accepting new applications for medical cannabis dispensaries in Texas, under the Lone Star State’s...more
I’m not proud of it, but I’m the resident cynic amongst the editorial staff here at Budding Trends when it comes to federal marijuana reform. And after all, someone has to temper the frivolous whims of others. But we’re...more
Biden Signs Historic Cannabis Research Bill Into Law - On December 2, 2022, President Biden signed the bipartisan Medical Marijuana and Cannabidiol Research Expansion Act...more
I don’t think the great Mark Knopfler of Dire Straits was talking about Congress when he wrote “that’s the way you do it, money for nothing,” but the recent midterm elections reminded me of that cynical refrain. A few...more
As discussed in our recent cannabis coverage, going into this week’s midterm election, five states had ballot measures giving their constituents an opportunity to weigh in on cannabis legalization. As the votes are tallied,...more
California Governor Gavin Newsom recently signed a slew of laws that could reshape California’s cannabis industry. In the first of a series of episodes analyzing these laws, Greenberg Glusker attorneys Priya Sopori, Steve...more