Michael advises clients on corporate formation, financing, mergers and acquisitions, and commercial contracts.
On December 3, 2019, FinCEN, along with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, in consultation with the...
On October 29, 2019, the U.S. Department of Agriculture (the “USDA”) issued interim rules for the domestic production of hemp and requested comments on the rules over the next 60 days. The rules provide...
An October 2019 decision in the U.S. District Court for the Northern District of California confirmed that cannabis companies can form contracts even if the purpose of the contract is for an illegal purpose...
Colorado Was Busy On May 29 In addition to public company ownership, Governor Polis approved bills for social consumption and delivery of Cannabis. HB-1230 allows licensed businesses to sell or permit the consumption of...
On Friday, May 31, 2019, the Food and Drug Administration (“FDA”) conducted its first public hearing to create a regulatory framework for the legal marketing and sale of cannabidiol (“CBD”) products. The FDA asked...
Since the legal cannabis industry started in Colorado, state regulations have restricted the types of companies and persons who could own licensed cannabis businesses. Originally, only Colorado residents who were natural persons could own...
This past week, the Illinois legislature approved legislation to legalize cannabis. Governor J.B. Pritzker is expected to sign the legislation and, if signed, it will take effect January 1, 2020. Not only is Illinois...
2018 Farm Bill: An Overview The Agricultural Improvement Act of 2018, commonly known as the “2018 Farm Bill,” is an omnibus piece of legislation that Congress uses to set national agricultural, nutrition, conservation and...
As the U.S. cannabis market continues to grow at an extraordinary pace, a number of celebrities and companies have extended their names or brands to cannabis products via partnerships with licensed growers and dispensaries. ...
The most popular question we get is whether CBD oil products derived from hemp are federally legal. Basically the popular thinking goes like this: the 2014 Farm Bill made hemp and hemp derived products...
