New York Cannabis – The Marijuana Regulation & Taxation Act

Guest Author: Alexis Lazzeri, Esq. I. The Legalization of Cannabis in New York Will Have A Far Reaching Impact. On March 31, 2021, New York Governor Andrew Cuomo signed the Marijuana Regulation and Taxation Act into law. This immediately legalized adult-use and possession of up to three ounces of cannabis, or up to 24 grams […]

Cannabis Banking Catastrophe – Two Eaze Consultants’ Convictions Have Deep Implications for the Industry

Guest Author: Alexis Lazzeri, Esq. Eaze Consultant Convictions: A “Clear Criminal Conspiracy.”1 As long as cannabis remains federally illegal, licensed cannabis businesses are forced to operate outside of the mainstream FDIC insured banking system. This delegation to the financial shadows remains a well known liability, physically and financially, for cannabis companies operating in cash and […]

An End to the FDA Bottleneck? Recent Developments in the Federal Regulation of CBD

Both consumers and members of industry have been eagerly waiting for the FDA to provide clarity as to the regulatory future of Cannabidiol, more commonly known as CBD. This overwhelming public interest has translated into substantial, bipartisan political pressure at the highest levels of government. Both the Senate Majority and Minority Leaders have made legislative […]

Managing Distressed Assets – Lessons Learned From MedMen, Ignite, and Acreage Holdings

The global pandemic and resulting economic turmoil have caused many businesses in the cannabis industry to teeter on the edge of insolvency. Although Governor Newsom was quick to declare cannabis businesses as “essential,” many of these companies have suffered huge losses, defaulted on their loan obligations and leases, and lack the capital to pay for […]

How Can I Invest in a Mushroom Company?

Written by: Hugh Mayo, J.D. Candidate 2021 In 2018, the FDA made waves when, for the first time, they issued a “Breakthrough Therapy” designation to fast track the development of a psilocybin-based therapy for treatment-resistant depression.1 Psilocybin and psilocin—the principle psychedelic compounds found in mushrooms—are both Schedule I compounds under the Controlled Substances Act making them federally […]

The Decriminalization of Magic Mushrooms

Written by Kristen Abajian Welcome to a murky new movement to bring psychedelics out of the shadows and into a medical and research forefront. This movement aims to decriminalize psilocybin, otherwise known as the “magic” in magic mushrooms. What is psilocybin?  Psilocybin is the main ingredient found in several species of psychoactive mushrooms. The most […]

Cannabis Deals: Unregistered Broker-Dealers

Written by: Galen Pham, J.D. Candidate 2022 Using an unregistered broker-dealer to help raise money for your cannabis startup or to help find and facilitate a purchase or sale can have serious legal consequences for your business, including potentially providing the investor or buyer/seller the right to rescind the deal. Before engaging with a broker-dealer, […]

Returning Business to “Normal” – COVID-19’s Impact on Cannabis Businesses

The World Health Organization declared COVID-19 a pandemic on March 11, 2020. In light of this sustained outbreak, federal, state, and local governments have placed numerous protocols in place to curtail the risks associated with the pandemic. Thankfully, Governor Newsom classified the cannabis industry within the realm of essential businesses, so there were no mandatory […]

US v Campbell – Ninth Circuit to Consider Whether Hashish is Marijuana

In a very interesting case, the Ninth Circuit is considering whether the criminal defendant in United States v. Campbell is exempt from federal prosecution due to compliance with Montana’s medical marijuana laws.  The case further considers a unique paradox in the law whereby “hashish” is excluded from the State’s definition of “marijuana” thus precluding Mr. […]

The State of Independent Contractors after Dynamex and AB5: Where do we go from here?

Independent contractors are a beneficial tool for companies, especially new or growing organizations that are not yet equipped to manage employees. However, recent rulings and the legislature have severely restricted the ability to properly classify workers as independent contractors in California. Companies are encouraged to seek legal advice for any independent contractor relationships. Because independent […]