Cannabis

  • September 24, 2021

    SEC's 1st Crowdfunding Enforcement Turns Heat On Portals

    The U.S. Securities and Exchange Commission's decision to target a crowdfunding portal in its first enforcement action involving such capital campaigns sends a strong signal that regulators expect intermediaries to thoroughly vet these fundraising efforts or face repercussions, attorneys said.

  • September 24, 2021

    Cannabis Bill Roundup: House OKs SAFE Act In Defense Bill

    The U.S. House of Representatives once again passed cannabis banking legislation, this time as part of a must-pass defense package, while Mississippi lawmakers announced that they had a deal for legalizing medical marijuana. Here are the major developments in cannabis reform policy from the past week.

  • September 24, 2021

    SEC Sues UK Father And Son, 2 Others In Microcap Scam

    The U.S. Securities and Exchange Commission filed two separate complaints in New York federal court on Thursday alleging that four individuals and five entities ran a fraudulent transatlantic microcap scheme that generated more than $10 million in unlawful stock sales.

  • September 24, 2021

    Miss. Lawmakers Reach Deal To Legalize, Tax Medical Pot

    Mississippi lawmakers announced an agreement Friday on legislation to legalize and tax medical cannabis — 4½ months after the state Supreme Court invalidated a voter-approved measure to legalize marijuana for medical use.

  • September 24, 2021

    Calif. Jury Awards $5M In Landmark Cannabis Antitrust Case

    A California jury Thursday awarded $5 million in damages to a marijuana company that said it was prevented from opening in Richmond by a rival group of dispensaries looking to control the local cannabis market, in what the plaintiff's attorneys characterized as the first cannabis-related antitrust case.

  • September 23, 2021

    Illinois Hit With More Suits Over Pot Biz Licensing Process

    Three cannabis companies have brought lawsuits in state court against the Illinois Department of Agriculture after it disqualified their applications for craft grow and transporter licenses, urging the court to reverse the department's decisions.

  • September 23, 2021

    Ga. Judge Takes Dig At Overcomplicated Drink Formula IP Suit

    A Georgia federal judge has chided counsel for lengthy pleadings in a drink formula trade secret suit between rival beverage makers even as he kept most of the case intact in a ruling that began by stating, "Lawyers sometimes make matters unnecessarily complicated."

  • September 23, 2021

    Pot Regulators Say Federal Legalization Can't Impede States

    A coalition of regulators responsible for overseeing the marijuana industries in 35 states on Thursday urged Senate Democrats developing a legalization bill to preserve local jurisdictions' role in administering cannabis policy without federal interference.

  • September 23, 2021

    Ex-CBD Exec Gets Employer's Counterclaims Axed, For Now

    A Florida federal judge has granted a former CBD company executive's motion to dismiss counterclaims brought by his former employer, which alleged that he deceived the company into hiring him, finding the company's allegations weren't sufficiently specific.

  • September 23, 2021

    3 Firms Guide Cresco Labs' $90M Buy Of Pa. Pot Dispensaries

    Multi-state cannabis operator and wholesaler Cresco Labs announced Thursday it has entered a definitive agreement to acquire three Cure Penn dispensaries in Pennsylvania for roughly $90 million, in a deal guided by Buchanan Ingersoll & Rooney PC, TingleMerrett LLP and McDermott Will & Emery LLP.

  • September 22, 2021

    MedMen Founders' New Co. Sues Pot Chain Over Sale Plans

    A company run by the ousted co-founders of cannabis giant MedMen has alleged in a lawsuit that the founders of a California dispensary chain that it has invested in are planning to sell off the company to benefit themselves.

  • September 22, 2021

    Pot Researcher Urges 9th Circ. Redo Of Classification Appeal

    Researchers and veterans pushing for marijuana to be federally reclassified have asked the Ninth Circuit for a rehearing, saying an appellate panel's dismissal of their petition flies in the face of established administrative law.

  • September 22, 2021

    Hemp Trade Group Sounds Alarm Over Minn. Court Ruling

    A hemp trade group has warned that a recent Minnesota appellate decision could devastate the local hemp industry because of its ruling that hemp-derived liquids that contain trace amounts of THC, the psychoactive ingredient found in marijuana, are controlled substances.

  • September 22, 2021

    NY Gov. Taps Final Members For State's Pot Regulatory Board

    New York Gov. Kathy Hochul on Wednesday tapped a union leader and the head of the state's dormitory authority as the two final picks for New York's board of Office of Cannabis Management, moving swiftly to get the Empire State's cannabis industry on its feet.

  • September 22, 2021

    Clint Eastwood Nabs Another Default Win In CBD TM Suit

    A California federal court has entered default against the CEO of a Los Angeles CBD company that Clint Eastwood accused of manipulating web search results and misappropriating his name to make users think he was endorsing its products.

  • September 21, 2021

    Okla. Pot Cos. Caught In Lawyers' Alleged License Scheme

    More than 30 Oklahoma medical marijuana businesses have filed petitions against the state's cannabis regulator in an effort to claw back their business licenses, saying they were all embroiled in a scheme by their onetime law firm to skirt the state's residency requirements.

  • September 21, 2021

    Amazon Says It's Ready To Rehire Workers Fired For Pot Use

    Amazon.com Inc. on Tuesday reaffirmed its support for federal legalization of marijuana, saying it had reinstated employment eligibility for most job applicants and workers who had been screened out by a positive drug test.

  • September 21, 2021

    Pot Co. Skymint Eyes Mich. Expansion After $78M Financing

    Michigan cannabis company Skymint announced Tuesday that it has received $78 million in funding and will acquire dispensary chain 3Fifteen Cannabis, giving it the largest cannabis retail footprint across the Great Lake State at 27 locations.

  • September 21, 2021

    NYC Sues 'New York Cannabis' Brand For Using City Logos

    The city of New York is suing a Manhattan man for launching an apparel brand called "NYC New York Cannabis," accusing him of creating marijuana-spliced versions of famous city logos such as the Parks and Recreation leaf.

  • September 21, 2021

    Vaping Industry Rips Into FDA After Nearly 1M Products Pulled

    The U.S. Food and Drug Administration's announcement that hundreds of thousands of flavored e-cigarettes must be taken off the market, while delaying a decision on industry leader Juul's products, has frustrated industry and public health advocates who see a lack of transparency over what specifically disqualifies a vaping product.

  • September 21, 2021

    Hemp Group Slams Va. Ban On Student Athletes Hawking CBD

    Hemp industry trade group US Hemp Roundtable has criticized a recent law enacted in Virginia for prohibiting student athletes from getting paid under name, image and likeness agreements for cannabinoids and CBD products, calling the ban misguided.

  • September 21, 2021

    Former Mass. Mayor Gets 6 Years For 'Corrosive' Corruption

    The former mayor of a Massachusetts city was sentenced to six years in prison Tuesday for what a federal judge called the "corrosive'' public-corruption crime of forcing marijuana businesses to pay bribes in order to open.

  • September 20, 2021

    Canadian Court Orders Shake-Up Of Pot Co. Leadership

    A Canadian court has agreed to appoint new leaders to a Vancouver-based marijuana company after investors said they had lost faith in the embattled director, who is entangled in a slew of lawsuits.

  • September 20, 2021

    6th Circ. Sends Hemp Seed Dispute Back To Ky. Court

    The Sixth Circuit on Monday revived Legacy Hemp LLC's contract suit accusing Canadian hemp company Terramax Holdings Corp. of breaching their seven-year hemp seed distribution contract, finding Legacy had demonstrated Terramax had sufficient ties to Kentucky to be sued there.

  • September 20, 2021

    Ex-Mayor Gets Some Convictions Nixed In Corruption Case

    A Massachusetts federal judge has tossed eight of a former mayor's 21 convictions for fraud and corruption, finding Monday that prosecutors had not proven some of the politician's crimes involved interstate commerce or that he willfully lied on his taxes.

Expert Analysis

  • 3 Attorney Ethics Considerations For Litigation Funding

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    The growth of the litigation finance industry has generated questions on the obligations of counsel when their clients are seeking outside capital to fund litigation, which litigators must understand when providing information to a third-party funder and discussing legal strategy with a client, says Matthew Oxman at LexShares.

  • NY Debt Enforcement Alternatives For Cannabis Lenders

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    As the cannabis regulatory landscape continues to develop in New York, lenders contemplating extending credit to state-legal cannabis businesses must be acutely aware of procedures under state debt enforcement alternatives, set realistic expectations, and draft their agreements to maximize potential recoveries, say attorneys at Davis & Gilbert.

  • How ABA Opinion Shifts Alternative Biz Structure Landscape

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    A recent American Bar Association opinion approving lawyers' passive investment in nonlawyer-owned firms eliminates a hurdle for law firms wishing to scale their practice through alternative business structures, but aspiring investors should follow a few best practices, say Hilary Gerzhoy and Deepika Ravi at Harris Wiltshire.

  • Pa. Ruling Reminds Employers To Rethink Cannabis Testing

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    A Pennsylvania state court’s recent decision in Palmiter v. Commonwealth Health Systems joins other state court rulings prohibiting cannabis-related job discrimination, underscoring the need for businesses to develop drug testing policies that account for varying legal nuances and talent-specific considerations, say attorneys at Vorys Sater.

  • Series

    Embracing ESG: HPE Counsel Talk Effective Board Oversight

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    Governance teams can more effectively shape board oversight of environmental, social and governance issues by ensuring organizationwide agreement on the most relevant issues, building a materiality framework that reflects stakeholder input, and monitoring the integration of ESG into operations, say Rishi Varma and Derek Windham at Hewlett Packard Enterprise.

  • Opinion

    Justice Gap Demands Look At New Legal Service Models

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    Current restrictions on how lawyers structure their businesses stand in the way of meaningful access to justice for many Americans, so states should follow the lead of Utah and Florida and test out innovative law firm business models through regulatory sandboxes, says Zachariah DeMeola at the Institute for the Advancement of the American Legal System.

  • Series

    Embracing ESG: Leidos GC Talks Social Responsibility

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    Recent criticisms of corporate commitments to stakeholders such as employees and communities — implicitly opposing environmental, social and governance initiatives — are fundamentally flawed and display a serious misunderstanding of contemporary investor priorities and dynamics, says Jerald Howe at Leidos.

  • The Complex State Of Insurance In The Cannabis Business

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    Jan Larson and Philip Sailer at Jenner & Block outline the complex cannabis regulatory schemes perplexing courts faced with insurance coverage cases and discuss legislative solutions that could at least begin to reduce the challenges for both policyholders and insurers.

  • Lessons In Crisis Lawyering 20 Years After 9/11

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    Dianne Phillips at Holland & Knight recounts her experiences as in-house counsel at a liquefied natural gas company in the tumultuous aftermath of Sept. 11, 2001, and details the lessons she learned about lawyering in a crisis, including the importance of careful forethought and having trusted advisers on speed dial.

  • Why Structured Data Is Increasingly Important To Your Case

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    During discovery, legal teams often overlook structured data — the rows of information found in financial ledgers and similar corporate systems — and consider it secondary to emails and other anecdotal evidence, but this common mistake could mean litigators are missing key elements of a dispute, say consultants at Alvarez & Marsal.

  • Series

    Embracing ESG: AIG Counsel Talks SEC Risk Alert

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    As the U.S. Securities and Exchange Commission responds to the changing landscape on environmental, social and corporate governance investing, including with its recent risk alert, it is imperative that the regulator take a measured approach, says Kate Fuentes at AIG.

  • What The Judiciary's Font Recommendations Can Teach Us

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    The D.C. Circuit's recent soft prohibition on Garamond and the ensuing debates about courts' font preferences should serve as a helpful reminder of a larger point — every departure from convention in legal writing carries some level of risk, says Spencer Short at Stradley Ronon.

  • How The 'Rocket Docket' Continues To Roar Through COVID

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    While the Eastern District of Virginia rocket docket is no longer the nation's fastest civil trial court, it continues to keep litigation moving efficiently, with pandemic protocols resulting in new benefits for litigants, says Robert Tata at Hunton.

  • Why A Missed Email Could Cost You Your Case

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    A recent Fifth Circuit ruling in Rollins v. Home Depot, denying a motion to amend summary judgment after the plaintiff’s lawyer missed a case notification email, aligns with precedent holding that simple errors can sabotage a case and even implicate ethics rules — but certain best practices can help avoid dire mistakes, say Amy Richardson and Charles Loeser at Harris Wiltshire.

  • 5 Reasons Lawyers Often Fail To Secure Litigation Funding

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    More than 95% of commercial litigation finance proposals are declined by funders because lawyers and their clients drastically underestimate the nuances of obtaining funding, but attorneys can overcome these challenges with informed and thoughtful preparation, says Charles Agee at Westfleet Advisors.

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