Navigating the SPAC Trend in the Cannabis and Hemp/CBD Market – cannabusiness advisory

Special Purpose Acquisition Companies (SPACS) have had increased activity in the cannabis and hemp/CBD industries over the past year. Presently, these “blank check companies” have raised more than $3 billion. Investors and operators interested in partaking in these vehicles and participating in the public market should be aware of which SPACs will be...

New Massachusetts Cannabis Regulations Up for Public Comment and Final Vote – cannabusiness advisory

The Cannabis Control Commission (CCC) assembled on July 20, 2020, to approve draft changes to the cannabis adult-use, medical-use, and colocated operator regulations. A Virtual Public Hearing on the draft regulations was held on August 3rd and public comments will be accepted until August 14th. The new draft regulations encompass various changes...

Increasing Lawsuits Against Cannabis-Related Businesses Places Spotlight on Adequacy of Disclosures – cannabusiness advisory

Class action lawsuits against publicly traded cannabis-related companies more than doubled from 2018 to 2019, with 13 class action cases filed in 2019 compared to 6 class action cases filed in 2018 – a staggering 116% increase. Lawsuits against cannabis-related businesses continue to grow concurrently with the expanding industry growth and mostly focus...

QR Code Requirements for California Cannabis Retailers by BCC

The Bureau of Cannabis Control (BCC) provided public notice of proposed emergency cannabis regulations on Thursday, January 23rd. The proposed regulations would make it mandatory for all California cannabis businesses to post their unique Quick Response Code (QR Code) certificate in storefront windows, and carry a physical copy while transporting or delivering cannabis. BCC...

Conditional Use Permit (CUP) for Cannabis Property Licensing

 Let’s say you own property in a state that has legalized cannabis, and you want to make the most of the green rush. But then you learn that the licensing process is arduous, and that unfortunately cannabis companies have been jumping through costly hoops since inception!So how else can you increase your property’s attractiveness...

COVID-19 & Impact on The Cannabis Industry | Webinar Recap

Featuring Larry Horwitz, President of CREC Compliance, you will get a first hand discussion and Q/A for the issues presented by the current changes to business operations so you can navigate more successfully!Lawrence Horwitz, President of CREC ComplianceThis webinar discussed the issues related to the virus and how it affects the cannabis...

Suit Filed Against Governor Baker to Re-open Recreational Marijuana Businesses – cannabusiness advisory

On Tuesday, April 7, 2020, five recreational (adult-use) marijuana companies and one individual, a veteran of the U.S. armed forces, filed suit against Massachusetts Governor Charles Baker, seeking declaratory and injunctive relief that would, if successful, nullify the Governor’s executive orders to classify recreational marijuana establishments as “non-essential”, which has forced them to...
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