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CannaBusiness Advisory Blog

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The Cannabis Administration and Opportunity Act: Too Much Too Soon? Too Little Too Late? Or Just the Right Time?

USA - September 21 2021 On July 14, 2021, Senators Chuck Schumer, Cory Booker and Ron Wyden introduced a bill to legalize and regulate cannabis at the federal level, titled…

Cannabis Reform Hits the Senate: A Brief Overview of the Cannabis Administration and Opportunity Act

USA - July 21 2021 This past week, Senate Majority Leader Chuck Schumer (D-NY) unveiled the first draft of his long-awaited bill to legalize marijuana at the federal…

Cannabis Capital Markets in New York: M&A Deals and Capital Raises Are Skyrocketing

USA - July 14 2021 When New York became the 15th state to legalize recreational cannabis on March 31, 2021, it opened one of the largest cannabis markets globally. Not…

The SAFE Banking Act: A Reasonable and Narrowly Tailored Approach to Addressing Public Safety Concerns and Lack of Financial Services in Today’s Cannabis Industry

USA - July 7 2021 Compared to businesses in other industries, there is no debate that legally operating cannabis-related businesses (referred to herein as “cannabis…

MORE Act: Federal Cannabis Legalization Reintroduced in House

USA - June 2 2021 Just before the start of Memorial Day weekend, U.S. House Judiciary Chair Jerry Nadler reintroduced the MORE Act - formally known as the Marijuana…

SPACs - Hedging Risks in Light of SEC’s Urge for Market Slowdown

USA - May 18 2021 Special purpose acquisition companies (SPACs), or “blank check” companies, have been one of the most popular investments and investment vehicles over…

Proposed Reforms to Local Host Community Agreements in Massachusetts

USA - May 13 2021 Earlier this week, the Massachusetts Legislature’s Joint Committee on Cannabis Policy held a virtual hearing on nine proposed bills focused on…

Recent Federal Cannabis Cases Involving Raising Capital

USA - April 15 2021 Federal securities regulators recently obtained judgments in two enforcement actions brought in federal court in California and Illinois involving…

Eaze Case Puts Financial Institutions on Notice

USA - March 24 2021 On March 24, 2021, Defendants Hamid (Ray) Akhavan and Ruben Weigand were found guilty of defrauding banks as part of a scheme they had set up to help…

Vape Shipping Ban Looms Ahead

USA - March 19 2021 In December, President Trump signed a 5000+ omnibus bill into law titled the Consolidated Appropriations Act of 2021 (CAA). The bill was highly…