More and more states across the South are adopting medical marijuana regimes. With this growth comes growing pains. One such pain for marijuana businesses is the tension between following state laws on a product that is still...more
1/9/2020
/ Books & Records ,
Brick-and-Mortar Stores ,
Business Taxes ,
Controlled Substances ,
Cost of Goods Sold (COGS) ,
Decriminalization of Marijuana ,
Dispensaries ,
Income Taxes ,
IRC Section 280E ,
IRS ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
State Taxes ,
Tax Deductions ,
Tax Planning
On December 27, just two months after issuing its long-awaited interim hemp rule, the United States Department of Agriculture (USDA) approved the first round of state and tribal hemp production plans.
Pursuant to the 2018...more
The U.S. Food and Drug Administration (FDA) sent a shot across the bow of the cannabidiol (CBD) industry on November 25. The FDA disclosed that it issued warning letters to 15 companies “for illegally selling products...more
11/27/2019
/ Cannabidiol (CBD) oil ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Dietary Supplements ,
FDA Warning Letters ,
Federal Food Drug and Cosmetic Act (FFDCA) ,
Federal Trade Commission (FTC) ,
Food and Drug Administration (FDA) ,
Labeling ,
Manufacturers ,
Marijuana ,
Marijuana Related Businesses ,
Marketing ,
Product Labels
The Alabama Medical Cannabis Study Commission held its fourth and final meeting in Montgomery on November 7. As in the previous meetings, the meeting was organized around presentations from individuals representing different...more
Electronic cigarettes and vaping have been heralded by many as a safer alternative to smoking traditional cigarettes. A recent outbreak of illnesses allegedly related to vaping, however, has ignited public hysteria and will...more
10/10/2019
/ Cannabis Products ,
Centers for Disease Control and Prevention (CDC) ,
Dispensaries ,
E-Cigarettes ,
Food and Drug Administration (FDA) ,
Manufacturer Liability ,
Marijuana ,
Marijuana Related Businesses ,
Mass Tort Litigation ,
Public Health ,
Public Safety ,
Supply Chain ,
Tobacco ,
Vaping
The average American consumer has probably noticed an increase in products for sale that include cannabidiol (CBD), a non-psychoactive component of cannabis. These products have seen an exponential increase in popularity,...more
The Alabama Medical Cannabis Study Commission held its second meeting in Montgomery on September 9. The composition of the commission changed at the beginning of the second meeting with the addition of five new members,...more
On Tuesday, the Federal Trade Commission (FTC) sent warning letters to three companies that sell cannabidiol (CBD) products regarding the health claims found in the companies’ advertisements. The FTC did not make the letters...more
9/12/2019
/ Advertising ,
Cannabidiol (CBD) oil ,
Cannabis Products ,
Dietary Supplements ,
Federal Trade Commission (FTC) ,
Food and Drug Administration (FDA) ,
Health Claims ,
Hemp ,
Marijuana ,
Marijuana Related Businesses ,
Marijuana-Infused Edibles ,
Product Labels ,
Warning Letters
Cannabidiol (CBD) – a non-psychoactive component of cannabis with numerous claimed health benefits – has steadily grown in popularity in recent years. This upward trajectory went into overdrive with the passage of the...more
7/25/2019
/ Advertising ,
Cannabidiol (CBD) oil ,
Cannabis Products ,
Dietary Supplements ,
Federal Food Drug and Cosmetic Act (FFDCA) ,
Federal Trade Commission (FTC) ,
Food and Drug Administration (FDA) ,
Health Claims ,
Hemp ,
Manufacturers ,
Marijuana Related Businesses ,
Marketing ,
Product Labels
In a surprise to some, a Republican-controlled Senate Committee has scheduled a hearing to consider the current challenges to providing financial services to cannabis-related businesses operating in states that have legalized...more
Centuries after American colonists were required by law to grow hemp, and decades after it was later outlawed by Congress, one of the nation’s oldest and most versatile crops appears to be having a moment.
The Jan. 1...more
7/2/2019
/ Banking Sector ,
Cannabidiol (CBD) oil ,
Controlled Substances Act ,
Decriminalization of Marijuana ,
Farm Bill ,
Financial Institutions ,
Hemp ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Risk Mitigation
A recent decision by a federal appeals court appears to open the doors of United States Bankruptcy Courts nationwide… or does it? The Ninth Circuit’s decision from Garvin v. Cook Investments provides a helpful roadmap for...more
The United States Department of Agriculture (USDA) has offered much-needed clarity about the manufacture, distribution and sale of hemp and hemp-derived products. The USDA’s recent pronouncement, however, may not be the news...more
6/4/2019
/ Cannabidiol (CBD) oil ,
Cannabis Products ,
Controlled Substances ,
Criminal Convictions ,
Decriminalization of Marijuana ,
Dispensaries ,
Farm Bill ,
Felonies ,
Hemp ,
Interstate Commerce ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Schedule I Drugs ,
Shipping ,
Transportation Industry ,
USDA
[This is the first in a series of client alerts regarding the status of medical marijuana efforts in Alabama.]
Is Alabama poised to join the growing number of states allowing the use of medical marijuana under state law?...more
Legislation that would pave the way for financial institutions to transact with cannabis-related businesses operating in states that have legalized marijuana (herein “cannabis-related legitimate businesses”) is quickly...more
Centuries after American colonists were required by law to grow hemp, and decades after it was then outlawed by Congress, one of the nation’s oldest and most versatile crops is poised for a resurgence. The 2018 Farm Bill,...more
2/25/2019
/ Agricultural Sector ,
Cannabidiol (CBD) oil ,
Controlled Substances Act ,
Decriminalization of Marijuana ,
Department of Agriculture ,
Farm Bill ,
Food and Drug Administration (FDA) ,
Hemp ,
Investors ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Regulatory Oversight ,
Research and Development
For years, the “legal” cannabis industry – operating in states that have legalized cannabis under state law despite its long-standing prohibition under federal law – and the financial institutions that serve the industry have...more
Today marks a significant shift in cannabis policy, both domestically and internationally, as Canada becomes the first industrialized nation in the world, and only the second nation overall, to legalize cannabis. This follows...more