Today, James Zuko, an observer of the regulatory process in Washington DC with particular experience in drug development and FDA compliance, comments on the growing rumor that the FDA will soon issue a guidance that treats CBD as a drug, not as a food supplement. I am biased. I am talking about the federal powers, …
Many thanks for today’s guest post on Cannabis Law from Jen Randolph Reise. Jen is an attorney, teacher, and entrepreneur and heads Business and Cannabis Law at the North Star Law Group in St. Paul, Minnesota. Today Jen discusses the new Adult Use Law in Minnesota. Exciting times in the North Star State: Minnesota is poised …
Minnesota Nears Full Legalization (with a Twist of Hemp-Derived THC) Read More »
What does Silicon Valley Bank and banking uncertainty have to do with cannabis? Only that to the cannabis industry banking uncertainty is old news. The SVB closure brought national attention to the banking industry and the expectation of reliable credit for businesses, new and old. For cannabis entrepreneurs this expectation of commercial banking, a necessity …
Banking in Cannabis: The Other US Banking Crisis Read More »
The Secure and Fair Enforcement (SAFE) Banking Act is a federal proposal for sanity in legal marijuana financial management. Imagine if you had a business where your customers could not use a credit card, all transactions are in cash, you lock up your cash in a safe at the end of the day and hope …
After years of anticipation, Senate Democrats finally introduced the Cannabis Administration and Opportunity Act (CAOA). Key sponsors are Schumer (NY), Wydon (OR) and Booker (NJ). The quick summary is that the bill eliminates cannabis from the Controlled Substances Act (CSA) and will create many business opportunities if it is passed. Here’s a list of 8 …
Cannabis Legalization Bill | 8 Things You Need to Know About CAOA Read More »
Last month we talked about what happened with Illinois dispensaries and the difficulties that were encountered when applying special scoring rules for both social equity applicants (SEAs) and veterans. Since the original intent in Illinois was to award the initial 75 licenses to the highest scoring applications, every point was important and those that could …
