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Friends, This month, the National Credit Union Administration (the “NCUA”) issued guidance to federally insured credit unions for banking hemp businesses. The guidance provides some parameters for credit unions banking hemp businesses. The NCUA guidance requires any credit union providing services to hemp businesses to conduct due diligence on hemp businesses, and ensure that there […]

Friends, The Los Angeles Department of Cannabis Regulation announced the opening of Phase 3 Round 1 of retail licensing for the City of Los Angeles for 10:00 a.m. Pacific on Tuesday, September 3. Only storefront retail licenses will be available in this round of licensing. The City will process applicants on a first-to-file basis, and only the first […]

Friends, On August 1, as expected, the Colorado Marijuana Enforcement Division (the “MED”) adopted emergency rules to implement HB-1090, commonly known as the “Pubco Bill,” passed by the Colorado Legislature in May to expand ownership of licensed cannabis businesses to public traded entities, venture capital, and private equity beginning November 1. The emergency rules extensively […]

Companies involved in the extraction and manufacture of products from Cannabis sativa L. (hemp or marijuana) are subject to regulation by the Colorado Department of Public Health and Environment (CDPHE) – especially large operators working with chemical solvents and hydrocarbon extraction like butane and propane. The release of emissions into the air from extraction and […]

Following the Governor’s signature on June 25, 2019, Illinois is now the second Midwestern state to legalize adult use cannabis. The new law allows adults 21+ to possess up to 30 grams of cannabis, 500 mgs of THC-infused edibles, and 5 grams of cannabis concentrates, cumulatively, with out-of-state residents limited to half of those amounts. […]

McAllister Garfield is happy to announce the addition of another lawyer in its Denver office: Dan Kramer. Dan is an experienced lawyer with a background in intellectual property strategies, entity formation and licensing. Intellectual property assets enhance business valuation and create new opportunities to generate revenue.  Dan can help you create a protectable and licensable trademark […]

Friends, Yesterday, Governor Polis signed into law three significant bills that will have major impacts on the Colorado cannabis industry. These bills will require additional rulemaking by Colorado’s Marijuana Enforcement Division before the new laws are implemented. If you have any questions about the impact of these new laws on your business, contact McAllister Garfield […]

The Los Angeles Department of Cannabis Regulation released a geographic information system for public use. The mapping and analytical software tool outlines each Community Plan Areas (CPA) and the number of retail licenses available within the highlighted CPA per the City’s definition of Undue Concentration.  CPAs were designated by the City of Los Angeles in […]

Food and Drug Administration (FDA) will hold public hearings on CBD in April, according to statements made by FDA Commissioner Scott Gottlieb, during a recent House Appropriations subcommittee hearing. The purpose of the public hearing will be to start the rule-making process and gather stakeholder input on how the FDA can regulate hemp-derived CBD. In […]

Friends, As you may know, the Colorado Legislature is considering a bill that would allow public company ownership of cannabis companies in the state. Governor Polis has indicated he will sign this bill if it passes. I was quoted this morning on Public Radio discussing this important topic. See the article here. In anticipation of […]

Friends, On Friday, February 15th, the Los Angeles Department of Cannabis Regulation (“DCR”) appeared before the Los Angeles City Council Rules Elections and Intergovernmental Relations Committee (the “REIR Committee”) to discuss potential changes to the City’s commercial cannabis ordinance related to the implementation and roll out of Phase 3 licensing with particular attention to retail […]

Friends, Sean McAllister participated in a cannabis law symposium yesterday, which included newly appointed Colorado U.S. Attorney Jason Dunn. Sean gave a speech about the options for financing cannabis companies without bank loans and Sean had a chance to interact with Mr. Dunn during the event, see the attached photo. Mr. Dunn laid out his […]