Controlled Substances Act Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

Slightly higher times: Biden administration moves to loosen weed restrictions

August 30, 2023
AggregatedNews
Descheduling or Rescheduling Marijuana, Spotlight
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The recommendation is the result of a yearlong review initiated by the president. The Biden administration’s Department of Health and Human Services is recommending that the Drug Enforcement Agency significantly loosen federal restrictions on marijuana but stopped short of advising…

Deschedule Cannabis, Don’t Reschedule It: Part 2

By Griffen Thorne, Attorney at Harris Bricken Last week, I wrote a piece entitled “Deschedule Cannabis, Don’t Reschedule It.” The post came on the heels of President Joe Biden’s announcement that the federal government is considering the federal scheduling of…

Second Circuit Denies Challenge to Marijuana’s Schedule I Classification

September 19, 2022
AggregatedNews
Federal
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By Jesse Mondry, Attorney at Harris Bricken People in the cannabis industry know that marijuana is federally classified as a schedule I controlled substance. Schedule I means the drug has no recognized medical value, has a high potential for abuse,…

US Supreme Declines to Review Minn. Ruling on Marijuana Use in Workers Comp

The US Supreme Court on Tuesday declined to review a pair of decisions by the Minnesota Supreme Court that held employers cannot be required to reimburse workers for marijuana used to treat on-the-job injuries because the substance is illegal under…

Republicans Push for Federal Legalization of Marijuana to Ensure ‘Individual Liberty’

Republican lawmakers introduced legislation this week that would federally legalize and regulate marijuana, saying the proposal was necessary to ensure "individual liberty" and protect states' rights. Representative Dave Joyce, a Ohio Republican, introduced the proposed legislation to end the longstanding…

SAFE Banking Would Be A Game Changer For The Cannabis Industry

As expected, the SAFE Banking Act has officially been reintroduced in Congress. If this passes, banks and financial institutions will be legally allowed to conduct business with state legal cannabis companies. However, there is one major distinction between this year’s…

House passes bill to broaden marijuana research

The House on Wednesday passed legislation that would expand scientists’ ability to study marijuana in states where the drug is already legal. The bill, which passed in a bipartisan voice vote, is the second time this month the House has…

(Meaningless?) Federal Vote on Marijuana Legalization is on the Horizon

September 2, 2020
Hilary Bricken
Federal
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By Hilary Bricken, Co-founder Harris Bricken I’ve been practicing corporate, transactional, and regulatory law in the marijuana industry for going on 10 years now. I’ve never understood exactly why folks get excited about, or even remotely interested, when various lifetime…

Legal Implications for Physicians Recommending Medical Cannabis in the USA

In our studies examining the use of Medical Cannabis Therapy (MCT) by Oncologists and Pain Management Specialists[i], we asked physicians what their biggest barrier was to their adoption of medical cannabis. Two-thirds (65%), mention legal concerns. Concern for legal exposure…

Cross-border Cannabis: The Potential Impact of Anti-Money Laundering Laws on International Cannabis Deals

When it was announced in April 2019, Canopy Growth Corp.’s conditional deal to purchase Acreage Holdings Inc. raised eyebrows not only because of its price tag (potentially exceeding US$ 3 billion in total consideration), but also because of the transacting parties’…

Best Practices for Successfully Registering Federal Trademarks for Cannabis and Related Goods and Services

There is a common misconception that trademarks for cannabis and related goods and services are not registrable at the U.S. Patent and Trademark Office (PTO). This is simply not the case. By failing to federally register trademarks with the PTO,…

Top 5 Buzzkills Keeping Cannabis Down And Out (And Emerging)

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…

Lawmakers Optimistic About New Federal Marijuana Bill

A bipartisan group in Congress has reintroduced an expansive bill that would protect the cannabis industry in legal states A large bipartisan group of lawmakers are dropping legislation later this morning that would end the federal prohibition on marijuana by allowing each…

Banking on Cannabis: An Insider’s Guide to Banking With Marijuana-Related Businesses

By Alan Hanson There are many articles written about the issues surrounding banking Marijuana-Related Businesses (MRBs), but there are very few that discuss how banks can actually do this. And there are even fewer written by someone who has successfully helped…

A Half-Banked Industry — New Cannabis Businesses Need Access To Financial Service

By Adam Crabtree, Andrew Freedman and Crystal Good If you ever open a cannabis business, you will have this meeting: Some really big guys will contact you about your cash problem. A cash problem only they could solve. It will…

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