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Pending Legislation Marijuana Related Businesses

Troutman Pepper Locke

Texas Senate Bill 3: A Sweeping Ban on Intoxicating Hemp-Derived Products — Implications for the Industry

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On May 27, the Texas Legislature sent Senate Bill 3 (SB3) to Gov. Greg Abbott for signature, marking a potentially seismic shift in the legal landscape for hemp-derived cannabinoid products in the state. If signed into law –...more

Seyfarth Shaw LLP

The Week in Weed: May 2023 # 4

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This week, the news is all on the state level. Minnesota is on the verge of legalizing adult-use cannabis. New Hampshire may have a commission to study legalization or it may legalize with state stores. Advocates in Nebraska...more

Miller Canfield

Does a Tax Cut Jobs Act Provision Decrease Income Taxes on Marijuana Businesses?

Miller Canfield on

Key Takeaways: ..A pending U.S. Tax Court case presents an interesting theory to preclude the federal income tax disallowance of all deductions of a marijuana business. ..The theory rests on a provision in the 2017 Tax...more

Brownstein Hyatt Farber Schreck

Cannabis Legislation Wrap Up for 2021

Over the past 12 months, dozens of cannabis and cannabis-related bills were introduced to Congress. Some measures were renewed, others were introduced for the first time; however, each legislation dealt with a niche aspect of...more

Brownstein Hyatt Farber Schreck

AB 45 – Industrial Hemp Extracts in California: CBD and More!

The Gist: Assembly Bill 45, which is headed to the governor’s desk, expressly allows the sale of hemp-derived extracts, like CBD, that comply with testing and labeling standards. Although CBD products are already found in...more

McGuireWoods LLP

Edible Bites Episode 8: Impact of Cannabis Legalization on Government Contractors

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In the newest episode McGuireWoods’ Edible Bites video series, Kate Hardey, Royce DuBiner and Rose Stern explore common questions and red flags for government contractors given the current conflict between state and federal...more

BCLP

Is 2021 the Year for Federal Cannabis Legalization?

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The ever evolving cannabis industry has experienced major developments in 2021 and the trend is expected to continue. Just this year, five U.S. states have legalized recreational cannabis use, Mexico has taken a big step...more

Partridge Snow & Hahn LLP

Hope is Fading for Legalization of Adult Use Marijuana in Rhode Island in 2021

A few weeks ago, we wrote that “political support for legalizing recreational cannabis in Rhode Island may finally be reaching a critical mass.” It seems our prediction was premature and it is becoming more likely that the...more

Partridge Snow & Hahn LLP

Canine Cannabis? Probably Not Just Yet

Should medical marijuana be given to animals? A bill is pending in the Rhode Island General Assembly that would make Rhode Island the first state in the country to permit veterinarians to prescribe medical marijuana to a...more

Butler Snow LLP

Legislature Adjourns Without Enacting Alternative Medical Marijuana Program, Department of Health Releases Draft Testing...

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On March 30, 2021, the Mississippi State Department of Health published in draft form Regulations for Independent Medical Marijuana Testing Facilities.  Just a few days later, on April 4, the Mississippi Legislature adjourned...more

Bradley Arant Boult Cummings LLP

Alabama on the Brink of Adopting Medical Cannabis

When Alabama’s Legislature convenes for its annual session on February 2, lawmakers will once again be asked to consider a bill that would provide certain Alabamians with access to medical cannabis. And this time, supporters...more

Seyfarth Shaw LLP

The Week in Weed: February 2019

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Let’s start out with the world of cannabusiness.  MedMen CEO Adam Bierman left the company effective February 1.  Shares climbed 13% on the news.  Bierman is not the only person in the industry losing his job; several...more

Spilman Thomas & Battle, PLLC

The Dome Report - 2020 West Virginia Legislature Updates, Issue 4

The 2020 Regular Session of the West Virginia Legislature just reached the 30th day, or its half way point. As of today, the House has introduced 1289 bills, while the Senate introduced 725. We will continue reporting on...more

Foley Hoag LLP - Cannabis and the Law

State House Amends and Passes Bill on Host Community Agreements

On Tuesday, I blogged about H 4367, a bill that would amend the statutory language that defines permissible scope of community impact fees in Host Community Agreements (“HCAs”) and would grant to Cannabis Control Commission...more

Foley Hoag LLP - Cannabis and the Law

State House to Consider Bill Amending Language on Host Community Agreements

A bill that would amend the statutory language that defines permissible scope of community impact fees in Host Community Agreements (“HCAs”) is making its way through the Massachusetts State House. The bill, H 4367, would...more

Nutter McClennen & Fish LLP

Bank Report: December 2019

FDIC and OCC Propose CRA Modernization Rule with Opt-Out for Small Banks The FDIC and the OCC have jointly proposed amendments to modernize the agencies’ Community Reinvestment Act (“CRA”) regulations, which are intended...more

Carlton Fields

Are Bank Regulators "Mellowing Out" on Cannabis?

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Federal bank regulators no longer require banks to submit suspicious activity reports (SARs) for legally authorized hemp business transactions, absent another required circumstance....more

Carlton Fields

Is Cannabis Banking Safe Yet? It’s a Definite, Maybe

Carlton Fields on

The distribution and sale of cannabis continues its charge from taboo to mainstream. Cannabis-related commerce will reach billions of dollars annually in the next few years. Everything from medicinal and recreational...more

WilmerHale

House Passes Historic SAFE Banking Act

WilmerHale on

The US House of Representatives recently passed the Secure and Fair Enforcement (SAFE) Banking Act, H.R. 1595 (the Act), which, if it becomes law, would have far-reaching implications for financial institutions considering...more

King & Spalding

Cannabis Banking Bill Clears U.S. House of Representatives

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On September 25, 2019, the U.S. House of Representatives approved historic legislation to provide legalized marijuana businesses access to banking services. H.R. 1595, the Secure and Fair Enforcement Banking Act of 2019 or...more

Seyfarth Shaw LLP

CBD is Everywhere – But Where Does the FDA Stand?

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Seyfarth Synopsis: CBD is “thriving” in the current regulatory environment, but is it doing so illegally? As former U.S. Food and Drug Administration (FDA) Commissioner Scott Gottlieb opined last week, “the CBD craze is...more

Vedder Price

Illinois’ Legalization of Marijuana May Change the Drug-Free Workplace Landscape

Vedder Price on

Recreational cannabis is poised to become legal in Illinois in 2020, and Illinois employers should consider the impact now. In late May 2019, the Illinois House and Senate approved the Cannabis Regulation and Tax Act (the...more

Fisher Phillips

Time For Paranoia? The ‘Legalization’ Of Marijuana In Illinois And The Workplace Ramifications

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Illinois lawmakers recently approved House Bill 1438, referred to as the “Cannabis Regulation and Tax Act,” legalizing recreational marijuana. Governor Pritzker is expected to sign the bill into law, making Illinois the 11th...more

Holland & Knight LLP

Illinois Legislature Legalizes Recreational Marijuana - An Overview of the Cannabis Regulation and Tax Act

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• On May 31, 2019, the Illinois General Assembly adopted the Cannabis Regulation and Tax Act (the Act) – legalizing the sale, possession and use of marijuana for recreational purposes by adults over age 21 starting Jan. 1,...more

Bradley Arant Boult Cummings LLP

A Cannabis Banking Bill, Sitting on Capitol Hill

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

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