Mixing Cannabis and Psychedelics Business February 10, 2022 AggregatedNews Psychedelics 0 Comments by Griffin Thorne, Attorney @ Harris Bricken Many cannabis companies are thinking about creative ways to pivot into the developing psychedelics market. One of the questions I hear most frequently hear is whether this is a good idea. It’s one… Read More→
Ten “Must Haves” for Cannabis Businesses in 2022 January 31, 2022 Hilary Bricken News & Insights 1 Comment By Hilary Bricken, Principal at Harris Bricken I started as a lawyer in the cannabis industry in 2010. Twelve years in there has been immense progress and maturation at the business level for cannabis licensees. This post is dedicated to… Read More→
Industry Rocked As Leading UK Bank Shuts Its Doors To Cannabis Businesses January 11, 2022 Ben Stevens Banking, Finance & Real Estate, United Kingdom 0 Comments METRO Bank, one of the few institutions in the UK open to working with cannabis-related companies, is now closing its doors to the sector. The bank, which became the first high street bank in over 100 years to open in… Read More→
Understanding Dispensary Cash Flow and How to Manage It December 29, 2021 LaKia Bourne Banking, Finance & Real Estate 0 Comments By LaKia Bourne and JoAnne Williams There’s no question that the cannabis industry is growing, and growing rapidly. While Americans have started to spend big on buds, with legal dispensaries grossing over $17.5 billion in sales this past year, the… Read More→
Q&A with Seth Goldberg, Duane Morris Partner and Co-lead of Cannabis Industry Group December 9, 2021 Seth Goldberg News & Insights 0 Comments How has the deal-making environment changed over the past five years? Five years ago, the cannabis market was so much different than it is today. Only about 24 states had passed medical marijuana legislation, and only a small handful of… Read More→
Cannabis CEOs signal confidence on marijuana banking law passing August 13, 2021 AggregatedNews Banking, Finance & Real Estate 0 Comments Marijuana advocates have been stacking victories over the last few years at the state level with nearly 20 U.S. states having now approved adult recreational marijuana use. But even as momentous as those changes have been, reform at the federal… Read More→
Recreational cannabis is almost here: where should the stores put their money? August 9, 2021 AggregatedNews Banking, Finance & Real Estate, New Mexico 0 Comments ALBUQUERQUE, N.M. — As of July, cannabis is legal to grow, possess and use recreationally in New Mexico. However, the drug is still illegal at the federal level, which means that getting access to bank accounts, loans and other financial… Read More→
CANNABIS CRYSTAL BALL: What Lies Ahead for the Cannabis Industry in 2021 and Beyond January 13, 2021 Reggie Snyder News & Insights 0 Comments By Reggie Snyder In early 2020, prior to the coronavirus pandemic, cannabis reform efforts were making steady progress on Capitol Hill. By all objective metrics, 2020 was initially shaping up to be a banner year for the cannabis industry at… Read More→
ICYMI: The New FinCEN Hemp Banking Guidance July 9, 2020 Hilary Bricken Banking, Finance & Real Estate, Hemp Policy & Legal 0 Comments By Hilary Bricken, Co-founder Harris Bricken Last week, the Financial Crimes Enforcement Network (FinCEN), issued new guidance (the “FinCEN Guidance”) for financial institutions working with hemp-related businesses. The FinCEN Guidance centers on due diligence requirements as related to the Bank… Read More→
Credit Unions and Hemp: New Federal Guidance is Here! June 24, 2020 AggregatedNews Hemp Policy & Legal 0 Comments By Vince Sliwoski, Attorney at Harris Bricken Last week, the National Credit Union Administration (NCUA) issued new guidance (“Guidance”) for federally-chartered credit unions serving the hemp industry. All of us at Harris Bricken were excited to see the Guidance released:… Read More→
Medical and Recreational Marijuana: An Overview of the Various Issues Involved in Starting and Operating Marijuana Dispensaries Part 4 May 13, 2020 Reggie Snyder Policy & Legal, Retail 0 Comments This article is the fourth part of a six-part series discussing the legal issues, operational challenges, and regulatory hurdles that marijuana-related businesses (MRBs) frequently encounter. Part 1 discussed the various fire, health, and safety risks that MRBs encounter while growing… Read More→
Hemp Industry Is Cleared to Do Business With Banks December 5, 2019 AggregatedNews Banking, Finance & Real Estate, Hemp Policy & Legal 0 Comments United States regulators say hemp businesses should not be treated with any more suspicion than other bank customers. The number of banks in the United States willing to lend to hemp producers can be counted on one hand. That is… Read More→
Top 6 Growing Pains in California’s Cannabis Marketplace November 14, 2019 Hilary Bricken California 0 Comments By Hilary Bricken, Co-Founder, Harris Bricken Every state that’s legalized cannabis for adults 21-and-up has faced that moment or even series of moments that threatened to really derail or seriously stymie market development. California is at that crossroads and has… Read More→
Crapo plans landmark cannabis banking vote September 13, 2019 AggregatedNews Banking, Finance & Real Estate 0 Comments Senate Banking Chairman Mike Crapo says he wants to hold a vote on legislation that would enable banks to serve cannabis-related businesses, in what would be a major victory for the marijuana industry and for lenders eager to enter the… Read More→
Top 5 Buzzkills Keeping Cannabis Down And Out (And Emerging) April 17, 2019 Hilary Bricken Policy & Legal 0 Comments Unfortunately, most of these are here to stay thanks to the Department of Justice and the Controlled Substances Act. By Hillary Bricken, Co-Founder Harris Bricken There’s no question that cannabis remains a rocky, emerging industry even though entire countries and… Read More→