Placing and accepting advertisements for cannabis products is complicated. There are different legal concerns at the federal and state levels, and different considerations for advertisements in print, broadcast, internet and other media. Federal Law No matter what laws apply at the state level, federal law cannot be ignored. Over forty years ago, the United States […]
Controlled Substances Act
National Conference of State Legislatures Urges De-Scheduling Marijuana
PRESS RELEASE BOSTON, Mass. — The National Conference of State Legislatures (NCSL) approved a resolution Monday urging that the Controlled Substances Act should be amended to remove marijuana from scheduling in order to give federally approved banks the ability to work with marijuana businesses. This would also allow states to determine their own marijuana policies […]
American Legion Wants Trump to Remove Marijuana as a Schedule I Substance
America’s largest veterans service organization has a message for President Donald Trump: Reschedule marijuana to permit research into its medical efficacy for treating vets suffering from traumatic brain injury and post-traumatic stress disorder. The appeal by the American Legion was included in a letter sent to the White House last month. The letter requests a […]
DEA Mis-scheduling of Cannabis to Keep the Status Quo Ante
Bitter sweetly, the Drug Enforcement Administration (DEA) has affirmed the woeful mis-scheduling of cannabis as a Schedule I drug after sitting on a number of multi-year old petitions (and decades of formal administrative legal challenges). Despite the existing Compassionate Investigational New Drug Program at the National Institute on Drug Abuse (NIDA) that has supplied cannabis as […]
Thinking Strategically About the Future of an Uncertain Cannabis Market
As the cannabis market matures, new markets and consumers are preparing to come online. We are seeing a proliferation of opportunities in the cannabis industry like never before. Not only are new cultivators, processors, and dispensaries applying for and obtaining licenses and permits, but these operators are bringing new technologies, business plans, and innovative models for […]
Cannabis Banking Issues: All Cash and Not A Lot of Protection
By Steven Schain Ever accidentally find $5.4 billion of cash in your back pocket? The cannabis industry did in 2015, after virtually no bank would accept legalized marijuana sales deposits. Instead, because the Comprehensive Drug Abuse Prevention and Control Act, 21 U.S.C. Section 801, Et. Seq (1970) (Controlled Substance Act), prohibits “manufacture, distribution, and dispensation” […]
When Is a Democracy Really Just a Dictatorship?
By Mark Goldfogel Civics class in junior high school taught me that a democracy is a government that reflects the will of the people. The majority of the people, not any individual’s ideology, is supposed to drive our country. There are 24 states and the District of Columbia now in violation of the Controlled Substances Act, […]
