Author: C1_Admin
Challenges For Companies Investing in Cannabis
Public company ownership in the cannabis industry has become a very important topic of late. In most of the country it is difficult, if not impossible, for public companies to have some sort of ownership stake in a cannabis business, or for a cannabis business to be publicly listed at all. The SEC has allowed […]
June 5, 2018
DEA Confirms it Lacks Authority Over Hemp Products in Recent Internal Directive
The U.S. Drug Enforcement Administration (“DEA”) stated in an internal directive last week that it lacks authority over hemp products that come from the parts of the cannabis plant exempted by the federal Controlled Substances Act (“CSA”). The directive acknowledges that hemp products containing “materials that are made from the cannabis plant and which fall […]
May 31, 2018
Private Equity Transactions in the Cannabis Industry
Private equity has been trying to invest in the cannabis industry for some time, but has found some difficulties doing so. In particular because of the structure of private equity. most equity is structured with a handful of general partners. Then dozens if not hundreds of limited partners who hand over their investment to a […]
May 25, 2018
Mergers & Acquisitions in the Cannabis Industry
Mergers and acquisitions in any industry are difficult, but in the cannabis industry, they’re even more so. There are a number of things in mergers and acquisitions that business, buyers, and sellers need to be aware of that they aren’t typically aware of in other industries. Due diligence is important prior to a cannabis transaction. […]
May 16, 2018
California Regulatory Update: Temporary Licenses and Shared Manufacturing Facilities
McAllister Garfield, P.C. constantly tracks developments in the California cannabis market to provide our clients with the most up-to-date information that impacts their California cannabis businesses. As such, we have two important updates for California operators: First, if you received your state temporary license on or near January 1, 2018, then your annual application is […]
April 26, 2018
U.S. Food and Drug Administration Seeks Comments for Scheduling Cannabis Under International Agreements
On Monday, April 9, 2018, the U.S. Food and Drug Administration (“FDA”) published a notice in the Federal Register seeking public comment from interested persons on the scheduling status of cannabis, under international agreements, in a number of forms, including cannabis extracts, THC and CBD. FDA is seeking comments on cannabis to inform the Agency’s […]
April 16, 2018
2018 Federal Budget: Marijuana and Hemp Protections
On March 21, 2018, Congress extended important existing legal protections for medical marijuana, industrial hemp, and industrial hemp-derived products through September 30, 2018. Congress included these protections in a federal budget bill called the Consolidated Appropriations Act, 2018. You can read the full text of the Act here. Congress will vote on the Act in […]
March 23, 2018
CA Employment Law Help From McAllister Garfield’s Attorney Anne Kelson
We are proud to announce that we have added employment lawyer Anne Kelson as one of our California attorneys assisting the Firm and its clients. Anne brings extensive experience in employment counseling and litigation. MAUCRSA and its implementing regulations include many important provisions related to employment law, including mandatory training for employees at infused products […]
March 12, 2018
Canada Cannabis Market Overview
This blog discusses how U.S. businesses and entrepreneurs might benefit from the expansion and legalization of cannabis in Canada. Canada has chosen to regulate cannabis at a federal level. This allows Canadian business to both trade their stocks on a public market and export their product(s) both within Canada and internationally. U.S. cannabis businesses and […]
March 2, 2018
Los Angeles Area Municipalities Cannabis Ordinances – Santa Monica & Culver City License Procedures
January 1, 2018, marked the beginning of the regulated cannabis market in California. Since then, more and more Los Angeles area jurisdictions have adopted ordinances and policies allowing commercial cannabis activity within their borders. This article takes a brief look at two such cities – Santa Monica and Culver City – each with differing approaches […]
February 28, 2018