The Law Offices of Omar Figueroa is a boutique California law firm focusing on cannabis law. We fight for justice and human rights, and advocate passionately for our clients every step of the way.
by Omar Figueroa & Lauren Mendelsohn May 6, 2024 In recent years, the U.S. government has introduced several measures to combat illicit financial activities, with the Corporate Transparency Act (CTA) of 2019 being one of the most significant. Aimed at enhancing transparency within legal entities such as corporations and […]
by Omar Figueroa April 2, 2022 On April 1, 2022, the United States House of Representatives passed the Marijuana Opportunity Reinvestment and Expungement (MORE) Act with a bipartisan majority and a decisive margin of 220-204. This is the second time that the MORE Act has made it through the House. […]
by Andrew Kingsdale January 26, 2022 Inability to access adequate capital often plagues cannabis businesses. New York is taking a unique and helpful approach to this problem: a massive $200 million public-private fund designed to help New York’s social and economic equity cannabis applicants. At yesterday’s meeting of New York’s […]
by Omar Figueroa July 14, 2021 United States Senators Cory Booker, Ron Wyden, and Chuck Schumer have released their long-awaited federal legalization bill, the Cannabis Administration & Opportunity Act. The text of the discussion draft can be found here, and a summary can be found here. The Senate’s 163-page Cannabis […]
By Lauren Mendelsohn February 9, 2021 On February 1, 2021, California’s Office of Administrative Law (OAL) approved emergency regulations pertaining to the sharing of licensees’ information between financial institutions and California’s cannabis licensing agencies. These regulations were adopted in response to Business and Professions Code §26260 (enacted last year by […]
December 6, 2019 By Andrew Kingsdale On December 3, 2019, federal banking agencies released a joint statement clarifying requirements under the Bank Secrecy Act (BSA) for banks providing financial services to hemp growers. Because hemp is no longer a Schedule I controlled substance under the Controlled Substances Act, banks are […]
With the passage of Proposition 64 to legalize recreational marijuana likely to happen on Tuesday, Sonoma County now needs to seriously ask what it will do with all the cash it generates from cannabis cultivation and sales. Because while it may be considered legal on a state basis, marijuana […]