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SAFE Banking Act May Likely Pass Ahead of Midterms

SAFE Banking Act May Likely Pass Ahead of Midterms

Cannabis in the News, Legislation

SAFE Banking Act May Likely Pass Ahead of Midterms The SAFE Banking Act, aka cannabis-friendly financial legislation in the US, will be passed before November’s midterm elections. That was the view of Jeff Schultz, partner at cannabis-focused New York law firm...
Medical Cannabis May Soon Be Available in Kentucky

Medical Cannabis May Soon Be Available in Kentucky

Cannabis in the News, Legalization, Legislation

Medical Cannabis May Soon Be Available in Kentucky Governor Andy Beshear sounded increasingly confident Thursday that he will have the leeway to take “at least some executive action” to make medical marijuana legally accessible in Kentucky. It was the governor’s...
South Carolina Marijuana Bill Killed By Procedural Ruling

South Carolina Marijuana Bill Killed By Procedural Ruling

Cannabis in the News, Legalization, Legislation

South Carolina Marijuana Bill Killed By Procedural Ruling A seven-year fight to pass a medical marijuana bill may have abruptly ended Wednesday in South Carolina when a House leader ruled the proposal contains an unconstitutional tax increase and cannot be considered...
US House Passes Cannabis Legalization Bill

US House Passes Cannabis Legalization Bill

Cannabis in the News, Legalization, Legislation

US House Passes Cannabis Legalization Bill In a historic second-time-in-history-vote the US House of Representatives passed a bill which would decriminalize cannabis on the Federal level in a 220-204 vote. This bill, known as the MORE Act, would decriminalize cannabis...
Biden Proposes Plan to Pay Hemp Farmers for Carbon

Biden Proposes Plan to Pay Hemp Farmers for Carbon

Cannabis in the News, Hemp, Legislation

Farmers across America are well-positioned to benefit from President Biden as he proposes his plan to pay hemp farmers adopting carbon farming practices on their farms. This proposal comes as part of President Biden’s commitment to half the United States’...
South Dakota Supreme Court and Amendment A – What’s Next?

South Dakota Supreme Court and Amendment A – What’s Next?

Cannabis in the News, Cannabis Law, Cannabis Legislation, Legislation

South Dakota recently voted to legalize adult recreational consumption of cannabis. The amendment, which was titled Amendment A, passed in the State Senate with a 52.4% majority. However, it was found to be unconstitutional by Circuit Judge Christina Klinger due to a...
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Recent Posts

  • USDA issues first National Hemp Report January 30, 2023
  • Top 3 Benefits to Cannabis Legalization January 30, 2023
  • Village Farms (VFF) Becomes Canada’s Leading Cannabis Producer January 30, 2023
  • IIPR Announces Operating, Investment and Capital Markets Activity January 30, 2023
  • Study: Legalizing cannabis reduces opioid prescriptions January 30, 2023

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Risk of Prosecution for Marijuana-Related Companies.  If you are considering investing in a company that is connected to the marijuana industry, be aware that marijuana-related companies may be at risk of federal, and perhaps state, criminal prosecution.  The Department of Treasury recently issued guidance noting: “ The Controlled Substances Act (“CSA”) makes it illegal under federal law to manufacture, distribute, or dispense marijuana.  Many states impose and enforce similar prohibitions.  Notwithstanding the federal ban, as of the date of this guidance, 20 states and the District of Columbia have legalized certain marijuana-related activity.”

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