Will the Corporate Transparency Act Smother the Cannabis Industry? March 19, 2024 Steven Schain Policy & Legal 0 Comments Mandating “true owners’ identity disclosure” to prevent using shell companies to conceal criminal revenue, the Corporate Transparency Act creates myriad cannabis industry headaches. By Steve Schain Mandating “true owners’ identity disclosure” to prevent using shell companies to conceal criminal revenue,… Read More→
Cannabis Industry Confounded by Lack of ‘Legal Intoxicant’ Definition December 14, 2023 Steven Schain Hemp Business Executive, Hemp Policy & Legal 0 Comments With a feud raging over what’s a regulated “intoxicant,” billions of cannabis dollars hang in the balance. Forming America’s sixth-largest crop yielding 48.8 million pounds of flower and projected to generate $33.5 billion in 2023 legal sales, marijuana’s plunging price-per-pound… Read More→
Cannabis Rescheduling and the Demise of Section 280E November 2, 2023 Steven Schain Federal 0 Comments By Steven Schain Although the final decision rests with the DEA, if cannabis is reclassified to Schedule III, marijuana growers, processors, transporters or sellers (marijuana-related businesses or MRBs) will cease being encumbered by onerous operating and taxing obstacles to become… Read More→
Stock Market Explodes After Biden Administration Urges Reclassifying Cannabis September 5, 2023 Steven Schain Descheduling or Rescheduling Marijuana 0 Comments By Steve Schain Causing a day-long, double-digit Cannabis stock surge peaking at 40.56%, on August 30, 2023, the U.S. Department of Health and Human Services (“HHS”) recommended that the U.S. Drug Enforcement Administration (“DEA”) reschedule Marijuana from Schedule I to… Read More→
Why the SAFE Banking Act Still Stinks: Third Try Falls Short June 27, 2023 Steven Schain Banking, Finance & Real Estate, Policy & Legal 0 Comments By Steven Schain While preferable to its predecessors, the SAFE Banking Act fails to provide legal marijuana growers, processors, transporters or sellers (marijuana-related businesses or MRBs) with the access to banking that every other legitimate industry enjoys. Is the third… Read More→
How Cannabis Got Fat and Sassy With a Little Help From Alaska May 1, 2023 Steven Schain Alaska 0 Comments By Steven Schain Butters, oils and fats are essential building blocks of cannabis-infused foods and beverages, the fastest growing segment of the legalized marijuana market that generated $30 billion in 2022 domestic revenue. The world of cannabis edibles just exploded… Read More→
Tools to Keep Cannabis Companies From Crashing in Oversaturated Markets March 16, 2023 Steven Schain News & Insights 0 Comments By Steven Schain Facing rising interest rates making capital even pricier, coupled with a highly saturated market competing for a limited customer base beset by plummeting prices and diminishing profit margins, it’s unclear whether Skymint will be liquidated or reorganized… Read More→
Cannabis’ Plummeting Price-Per-Pound and the Rise of Delta-8 THC December 12, 2022 Steven Schain Hemp Business Executive, News & Insights 0 Comments Although forming America’s sixth-largest crop yielding 48.8 million pounds of flower and $27 billion in legal sales annually, marijuana’s plunging price-per-pound and the availability of cheaper, unregulated hemp-derived tetrahydrocannabinol (THC) products is thwarting the cannabis industry. Whether cultivated indoors, outdoors… Read More→
How Cannabis is Conquering NFTs and The Metaverse November 7, 2022 Steven Schain Marketing 0 Comments By Steven Schain Imagine selling a product subject to 38 conflicting sets of labelling and marketing regulations that can neither cross state lines nor be purchased with a credit card. Now envision a global marketplace platform free of “transportation, purchase… Read More→
Are All “Cannabis Appellations” Malarkey? August 26, 2022 Steven Schain California, Policy & Legal 0 Comments To differentiate superior product, command higher prices, and create regional unity, California launched a Marijuana “appellation of origin” program validating sun-grown Cannabis’ geographical origin and production methods with a protective designation. While aspiring to mirror its wine industry counterparts’ success and… Read More→
Valuing That Golden Ticket: What’s a Marijuana License Actually Worth? May 2, 2022 Steven Schain Policy & Legal 0 Comments Building a cannabis enterprise requires staggering and constant fundraising and, because of the industry’s dynamic nature, any given license’s value is subjective, fluctuates with external factors beyond the licensee’s control, and may change by the minute. Contrary to popular myth,… Read More→
FDA Tackles “Cannabis-Derived Products” March 21, 2022 Steven Schain Federal 0 Comments If you can’t measure it, you can’t manage it! With Cannabis-Derived Products (“CDPs”) outpacing the existing science and imposing massive health concerns, in October 2021 the U.S. Food and Drug Administration (“FDA”) issued a “Cannabis-Derived Products Data Acceleration Plan” (“CDP… Read More→
Why the SAFE Banking Act Stinks for MRBs December 15, 2021 Steven Schain Banking, Finance & Real Estate 0 Comments Despite lessening criminal/administrative penalties and depository insurance obstacles, the SAFE Banking Act fails to put legal cannabis on equal footing with all other legitimate industries or make depository accounts and merchant services either available or affordable. Heralded by the cannabis… Read More→
Obtaining IP Protection for Cannabis Consumer Packaged Goods September 2, 2021 Steven Schain Intellectual Property 0 Comments 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… Read More→
How Delta-8 Hemp Sucker Punched Legalized Marijuana June 24, 2021 Steven Schain Hemp Policy & Legal 0 Comments 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… Read More→