by Omar Figueroa and Lauren Mendelsohn May 16, 2024 On May 16, 2024, the Biden Administration announced that the United States Department of Justice is taking the next step in the reclassification of cannabis from a Schedule I controlled substance to a Schedule III controlled substance — which would […]
Read More
by Omar Figueroa & Lauren Mendelsohn May 2, 2024 We recently wrote that the Drug Enforcement Administration will move to reclassify marijuana as a Schedule III controlled substance. A recent update by the Congressional Research Service makes clear that rescheduling is predicted to result in significant federal tax relief […]
Read More
By Lauren Mendelsohn March 21, 2024 Over the past few months, the California Department of Cannabis Control (DCC) has issued numerous recalls of cannabis products sold within California. This follows several years of almost zero cannabis product recalls in California, despite how the DCC and its predecessor, the Bureau […]
Read More
by Andrew Kingsdale September 25, 2023 At the New York Cannabis Control Board’s last meeting it announced that applications for the following adult-use, non-conditional licenses will open on October 4, 20223: retail dispensaries, distribution, processing, cultivation, and microbusinesses. The application period will be open for 60 days. […]
Read More
by Omar Figueroa April 5, 2023 A proposed California law would require licensed cannabis businesses (hereafter “licensees”) to pay bills owed to other licensees or face disciplinary action. According to the Digest prepared by the Legislative Counsel, Assembly Bill 766 would require the payment of goods and services sold or […]
Read More
March 21, 2023 Last night, the Healdsburg City Council approved the first reading of an ordinance that would amend the local municipal code to allow various types of commercial cannabis activity. Healdsburg is one of a few cities in Sonoma County that currently prohibits all commercial cannabis activity. However, […]
Read More
By Omar Figueroa and Lauren Mendelsohn March 20, 2023 Starting in 2023, the State of California is providing several tax incentives for owners of certain types of cannabis businesses. Below we will be discussing the High-Road Cannabis Tax Credit, the Cannabis Equity Tax Credit, and Vendor Compensation for qualifying equity […]
Read More
by Andrew Kingsdale January 23, 2023 Alice in Wonderland statute in New York City’s Central Park Two recent developments in New York—a new law on the books, and a revamped decriminalization bill—have laid the groundwork for legal psychedelics in the state. First, on December 23, 2022, Governor Hochul signed into […]
Read More
By Lauren Mendelsohn December 29, 2022 2022 was a significant year for cannabis, hemp, and psychedelics policy in California. We’ve summarized some of the key events below. CANNABIS Legislative Victories in Sacramento A number of cannabis-related bills were adopted in 2022 by the State legislature, which will bring about […]
Read More
November 7, 2022 By Lauren Mendelsohn On November 7, 2022 the California Department of Cannabis Control (DCC) adopted its comprehensive non-emergency regulation package to govern the State’s cannabis industry. The regulations went into effect immediately and apply to both medical and adult-use commercial cannabis activity, so it’s important that […]
Read More