Data-Breach Concerns Rise As New York Launches Adult-Use Cannabis Program May 6, 2021 Steven Schain New York, Science and Technology 0 Comments 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… Read More→
Jersey Clobbers “Cannabis Licensing Lawsuits” and launches Triumphant Adult Use Program March 22, 2021 Steven Schain New Jersey 0 Comments 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… Read More→
Why Cannabis Is Shut Out of $900 Billion Economic Aid Act January 18, 2021 Steven Schain Federal, Spotlight 0 Comments 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… Read More→
Why Jersey’s Adult Use Program Will Ignite East Coast Cannabis December 16, 2020 Steven Schain New Jersey 0 Comments 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… Read More→
Why Explosive Applications Create Bulletproof Marijuana Businesses November 4, 2020 Steven Schain Best Practices, Compliance and Regulations, Policy & Legal 0 Comments 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… Read More→
Cannabis-Infused Products and How to Transport Them August 28, 2020 Steven Schain Policy & Legal 0 Comments 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… Read More→
Cannabis Industry’s “COVID-19 Disaster Recovery Playbook” May 1, 2020 Steven Schain Coronavirus, Policy & Legal 0 Comments 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… Read More→
Cannabis Financial Hardship Solutions: Workouts, Receiverships, and Assignments for the Benefit of Creditors April 7, 2020 Steven Schain Policy & Legal 0 Comments 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… Read More→
How COVID-19 Force Majeure Claims May Wreck or Save Your Business March 25, 2020 Steven Schain Coronavirus, Policy & Legal, Spotlight 0 Comments 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”… Read More→
How Psychedelics Became The Next Wave March 23, 2020 Steven Schain Policy & Legal 0 Comments 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”)… Read More→
Hemp Eruption Favors Jersey First January 20, 2020 Steven Schain Hemp Policy & Legal, New Jersey 0 Comments 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… Read More→
New Jersey Leads Nation in Hemp Program Approval and Launch December 30, 2019 Steven Schain Hemp Policy & Legal 0 Comments 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.… Read More→
Final Frontier for Cannabis Businesses: Bankruptcy Protection October 29, 2019 Steven Schain Policy & Legal 0 Comments 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… Read More→
How to Move and Bank Cannabis Cash in the US and Beyond September 3, 2019 Steven Schain Banking, Finance & Real Estate 0 Comments Spanning 34 states and generating $10.8 billion domestically in 2018, banking and cash management is one of legalized marijuana's greatest obstacles. Spanning 34 states and generating $10.8 billion domestically in 2018, banking and cash management is one of legalized marijuana’s… Read More→
Cannabis Law and Business: Extracting Cash From Cannabis Trash July 15, 2019 Steven Schain News & Insights 0 Comments Yet, despite irrationally exuberant investment in cannabis and industrial hemp growing, processing and sale, massive unrealized early stage funding opportunity exists for tackling environmental issues including organic and hazardous waste collection, processing and disposal. Other than death and taxes, life’s… Read More→