Hilary Bricken, Author at Cannabis Business Executive - Cannabis and Marijuana industry news

California Cannabis Credit Crunch

May 30, 2023
Hilary Bricken
California, News & Insights, Uncategorized
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By Hilary Bricken, Principal, Harris Bricken The California cannabis market is truly struggling all the way around. Cannabis businesses and those who work with them closely face mounting financial pressure. Because of the credit crunch in California cannabis, the state…

Times are Tough: Cannabis Joint Ventures May Help

By Hilary Bricken, Principal at Harris Bricken We’ve written a lot recently about how cannabis companies are falling on tough economic times in this roiling economy. When times get lean, cannabis companies need to innovate and get more competitive with…

Cannabis Scams 3.0

By Hilary Bricken, Principal at Harris Bricken In an era of Theranos, Fyre Fest, FTX and WeWork, cannabis scams, frauds, and scandals probably pale in comparison. However, cannabis scams (and their evolution) are still worth noting, spotting, and avoiding at…

Cannabis Collections Headaches and What to Do

By Hilary Bricken, Principal at Harris Bricken On this hallowed 4/20, while consumers and businesses celebrate cannabis near and far (which is great!), it’s important to be mindful that the cannabis industry is getting financially pummeled nationwide. For the cannabis…

California “Burner Licenses” Continue to Plague

By Hilary Bricken, Principal at Harris Bricken California has no shortage of issues with its legalized cannabis marketplace. For a couple of years now, an open secret in California (and a cautionary tale for other states) is the concept of…

ICYMI: Distressed Cannabis Business Takeaways

By Hilary Bricken, Principal at Harris Bricken On February 28th, I moderated our firm’s “Distressed Cannabis Businesses” webinar. In that webinar, Griffen, Ethan, Vince, and I discussed the current financial and economic pressure the entire cannabis industry is facing today.…

Direct and Ancillary CBD Liability Under the FD&C Act

By Hilary Bricken, Principal at Harris Bricken Not much thought is given to ancillary CBD liability. Why is that? Probably because the Food and Drug Administration (“FDA”) hasn’t taken any serious enforcement action against any company or individual that aids…

California Inches Towards Interstate Cannabis Agreements

By Hilary Bricken, Principal at Harris Bricken It’s no secret that state cannabis markets across the nation are suffering badly. Because of I.R.C. 280E, lack of access to financial institutions, massive operational expenses, plunging prices, and just gluts of production,…

Google Changes Its CBD Advertising Policies

January 12, 2023
Hilary Bricken
Marketing
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By Hilary Bricken, Principal at Harris Bricken Cannabis advertising has always been a precarious art. From first amendment commercial speech issues to zealous state marketing and promotion regulations to false claim lawsuits, cannabis advertising can go down some dark rabbit…

IRC § 280E is a Target for Cannabis Legal Reform in 2023

January 10, 2023
Hilary Bricken
IRS 280E
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By Hilary Bricken, Principal at Harris Bricken Will we see tax reform in 2023 for cannabis sellers? Specifically, will Congress finally get something done about the pain inflicted on industry by the Internal Revenue Code at 26 USC § 280E?…

FDA CBD Regulations Are On the Way (Sorta)

By Hilary Bricken, Principal at Harris Bricken There has been so much talk from the Food and Drug Administration (“FDA”) around cannabidiol (“CBD”) regulations that it makes one’s head spin. For years everyone has wondered when, or even if, the FDA would propose…

Los Angeles Cannabis Litigation: Cannabis Tenant Prevails

December 21, 2022
Hilary Bricken
California
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By Hilary Bricken, Principal at Harris Bricken, Cannabis litigation is growing as the industry matures. Recently, we’ve seen a suit related to false advertising, but we’re also seeing more traditional business litigation around partnership issues and contract breaches. In Los Angeles,…

Cannabis Security Interests: Dos and Don’ts

By Hilary Bricken Principal at Harris Bricken I previously wrote about how the cannabis industry should prepare itself for tough financial times. Capital is increasingly hard to come by unless you find yourself in a newly launched state like New…

California Cannabis: Welcoming a Shift Away from Local Control

November 17, 2022
Hilary Bricken
California
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By Hilary Bricken, Principal at Harris Bricken It’s no secret that, among California’s many cannabis industry issues, local control continues to stymie the success of the Golden State’s industry. In this, California is not alone– most cannabis is all local.…

Federal Bulletin: Economic Arguments for Cannabis Legalization

By Hilary Bricken, Principal at Harris Bricken On September 29, I spoke on an opening panel at the 7th annual Cannabis Law Conference for the Cannabis Law Section of the State Bar of Michigan. My co-panelist was the renowned Brookings…

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