Steven Schain, Author at Cannabis Business Executive - Cannabis and Marijuana industry news

Obtaining IP Protection for Cannabis Consumer Packaged Goods

How do you protect intellectual property rights in an insanely lucrative, nearly legal ingredient poised to detonate the consumer packaged goods (CPGs) industry? While the Wall Street Journal reports that cannabis 2020’s domestic sales exceeded $20 billion, and despite being…

How Delta-8 Hemp Sucker Punched Legalized Marijuana

Mirroring legalized marijuana’s tetrahydrocannabinol (Delta-9 THC) effects, hemp derived tetrahydrocannabinol (Delta-8 THC) requires no license, is readily available online and over-the-counter, and is cutting into legalized cannabis’ $20 billion-plus annual revenue. It gets you high, it’s cheaper than cannabis, and…

Data-Breach Concerns Rise As New York Launches Adult-Use Cannabis Program

Becoming the 17thstate to legalize Adult-Use Cannabis, on March 31, 2021, New York enacted the “Marijuana Regulation and Taxation Act” (“MRTA”) anticipated to generate $1.2 billion in annual sales by 2023. Because of the sensitive and protected health information that…

Jersey Clobbers “Cannabis Licensing Lawsuits” and launches Triumphant Adult Use Program

With the Eastern seaboard’s most ambitious Adult Use program primed to explode, New Jersey’s Superior Court Appellate Division (“Appellate Division”) just lifted its “stay” on scoring 18 month old Medical Marijuanaapplications clearing the way for 5 cultivation, 15 dispensary, and…

Why Cannabis Is Shut Out of $900 Billion Economic Aid Act

In tranches of up to $10 million, the federal government is doling out $900 billion of forgivable loans to borrowers other than “plant touching” marijuana-related businesses (MRBs). By Steve Schain In tranches of up to $10 million, the federal government is…

Why Jersey’s Adult Use Program Will Ignite East Coast Cannabis

December 16, 2020
Steven Schain
New Jersey
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With 44 million consumers banging on its door, and $950 million of revenue projected over the next three years, New Jersey’s adult use marijuana program is poised to define cannabis across the eastern seaboard. With 44 million consumers banging on…

Why Explosive Applications Create Bulletproof Marijuana Businesses

November 4, 2020
Steven Schain
Best Practices, Compliance and Regulations, Policy & Legal
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In 2019, legalized Marijuana’s domestic sales reached $11.7 billion, and grow, processing and dispensary licenses were valued at (and, reportedly, sold for) over $20 million dollars. Licenses are granted by the respective 33 states with Marijuana programs, most of which impose…

Cannabis-Infused Products and How to Transport Them

Generating $11.6 billion of revenue in 2019, and legal in 34 states, marijuana is mainstream, profitable and intensely regulated. By Steve Schain Generating $11.6 billion of revenue in 2019, and legal in 34 states, marijuana is mainstream, profitable and intensely…

Cannabis Industry’s “COVID-19 Disaster Recovery Playbook”

For legalized marijuana, the coronavirus (“COVID-19”) pandemic has been the worst of times and the best of times. Despite being deemed “ineligible” for much of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) benefits, nearly derailed by commercial-contract-voiding…

Cannabis Financial Hardship Solutions: Workouts, Receiverships, and Assignments for the Benefit of Creditors

With zilch in the till and creditors crashing through the door, what’s a respectable Cannabis business to do? Although federal bankruptcy protection is presently unavailable, Marijuana Related Businesses ("MRBs”) may obtain financial distress relief via “workouts” or state law receiverships or assignments…

How COVID-19 Force Majeure Claims May Wreck or Save Your Business

Following its rapid spread, on March 11, 2020 the World Health Organization declared coronavirus (“COVID-19”) to be a pandemic thereby potentially voiding every commercial contract via “force majeure” provisions and the common law doctrine of frustration (“Frustration Doctrine”). “Force majeure”…

How Psychedelics Became The Next Wave

Feeling kind of blue? Experiencing intimacy issues or just plain anxious? Help may be right around the corner in the form of legalized hallucinogens. Ranging from plant drugs, like mushroom-derived psilocybin and cactus-derived peyote, to synthetics like Lysergic acid diethylamide (“LSD”)…

Hemp Eruption Favors Jersey First

Was it really this asinine? Up until last year, 3 federal agencies and 42 state governments were creating contradictory Hemp growing and processing rules often barring hemp-derived product sales and demonizing one particular item, Cannabidol (“CBD”). This exploded in the…

New Jersey Leads Nation in Hemp Program Approval and Launch

Jersey got there first! Leapfrogging over 16 other states with more established hemp programs, on December 27, 2019, the U.S. Department of Agriculture (“USDA”) approved New Jersey’s proposed hemp growing, processing and selling regulations, including Cannabidol (“CBD”), starting in 2020.…

Final Frontier for Cannabis Businesses: Bankruptcy Protection

Most businesses fail, marijuana businesses fail more greatly, but neither marijuana businesses, nor their owners, are entitled to bankruptcy law protection. Instead, because of marijuana’s 100% federal illegality, and because bankruptcy can’t be used to facilitate federally illegal activity or…