Today, analysts following the U.S. cannabis market estimate that sales in 2017 totaled close to $9 billion, and will exceed $11 billion in 2018, $21 billion in 2021 and $75 billion in 2030. Job growth in the industry, which some analysts say now employs more than 200,000, outpaces virtually every other industry.
U.S. Hemp Roundtable Board Member and Texas rancher, Jeff Williams of Williams Ranch Company is testifies before the Texas House of Representatives & joining him is Roundtable General Counsel Jonathan Miller.
The Medical and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA” ), which became effective January 1, 2018, is the governing law for both medical and adult use of cannabis in California. The rules are complex. Cannabis businesses seeking to do business in California should consult with an attorney prior to engaging in any project to ensure full understanding of the most up-to-date rules.
After numerous iterations, the final regulations officially went into effect on June 6, 2018 and are set to expire on December 4, 2018. These amended emergency regulations were initially released to the public on May 18, and then filed with the Office of Administrative Law on May 25, 2018. The state’s regulatory agencies proposed changes to certain provisions in order to provide greater clarity to licensees and address issues that have arisen since the emergency regulations went into effect. The re-adoption of the emergency regulations have extended the effective period for an additional 180 days. After the California Office of Administrative Law (OAL) posted the proposed emergency regulations on their website, there was a five-day public comment period on the finding of emergency.
CLR: Weekly Opinion, Commentary & Diaries From Cannabis Legal Experts
On July 3, the New York Department of Financial Services (“DFS”) issued its “Guidance on Provision of Financial Services to Medical Marijuana & Industrial Hemp-Related Businesses in New York State (PDF).”
Cannabis CPA Becomes Cannibal and you could be lunch. We just signed on our third cannabis industry expert witness in a professional liability litigation case in two weeks. You would think that we would be thrilled as these assignments tend to start in five digits and go to mid-six digits...nope, I have a pit in my stomach when I consider the reality that I am going to be part of a process that may destroy another accountant, EA or CPA's career or life for that matter.
Last year, we covered how the USPTO granted Biotech the first patent on a strain of marijuana,. We decided to take a look at what Biotech Institute (BI) has done since then […]
Erasing the Stigma Fully embracing the startup culture, Millenials are quickly adapting the learning and teachings from their experiences into distinguishable cannabis brands. […]
As most business owners know, having protection over one’s brand is important, and trademarks are a popular way of protecting that brand. For many years, having federal […]
Trademarks are important to every business, especially to those that operate in the fledgling cannabis space. Brief Rundown of Trademarks Trademarks give you protection over your […]
It has been harder and harder to find humor in what we do of late, making our weekly humor column less and less frequent. As we approach the closing of the first six months of CA legal weed the challenges, issues and absurdities that had us laughing in the beginning have us scowling today.
The Definitive Word on Weed
The California Department of Public Health (CDPH), Food and Drug Branch (FDB), released a new FAQ, “Industrial Hemp and Cannabidiol (CBD) in Food Products” on July 6, 2018 (FAQ). The FAQ specifically states that CBD may not be introduced into food products:
The Ministry of Food and Drug Safety said Wednesday it would allow patients with rare, incurable diseases and no other treatment options to import and use marijuana-derived drugs approved abroad.
You wouldn't believe it unless you read the police report...."“An attempt to hail the other male was unsuccessful,” Beohm said in a news release. “The helicopter lost sight of the male and was giving directions to the bulldozer of his last location. The Game Commission employee and a Trooper were on the bulldozer driving through the thick underbrush. The bulldozer stopped in the underbrush. The second male was located under the rear of the bulldozer deceased.”
Mea Culpa, this bypassed us last week. "The agency overseeing Oregon’s medical marijuana industry conceded in a report it has not provided effective oversight of growers and others in the industry, creating opportunities for cannabis to be diverted to the black market"
Authored By: William F. McDevitt, Esq. This year, the Trump Administration has imposed tariffs on industrial machinery, consumer goods and raw materials originating from China, Europe and even Canada. When referencing China,...
The total number of enrolled patients is now more than 23,200 with 5,000 of them added this year.
Seth Goldburg Cannabis Practice Leader Duane Morris: Making Cannabis Banking Easier Is in the Public Interest https://t.co/KLht8tyxvN Canada / Article: Medical Marijuana – Undue hardship in the Context of a Safety Sensitive Workplace https://t.co/0u9x3xLSBuLoad More...
