Ensuring Entrepreneurs and Businesses Stay Informed of Developments in the Burgeoning Cannabis Industry
Originally published June 3, 2020
The individual contributors to this blog are horrified by the death of George Floyd and dismayed by the pain and destruction in our communities. We want to acknowledge this incredibly trying moment happening in our country right now. Even though we write professionally on a daily basis, we found it incredibly difficult to express ourselves in this situation because it’s difficult to know where to even begin.
Read MoreFull disclosure: David Belsky is a personal friend (don’t hold it against him) and his company, FlowerHire, is a firm client. He is also one of the foremost authorities on placing talent in the regulated cannabis and hemp industries. Earlier this week, Forbes posted a great interview with Belsky that we highly recommend.
Read MoreIn early January, Illinois received thousands of applications for adult-use cannabis dispensary licenses. Only 75 of those applications will be granted a license…eventually. Although the Illinois Cannabis Tax and Regulation Act (the Act) required the Illinois Department of Financial and Professional Regulation (IDFPR) to issue the licenses before May 1, 2020, Governor J.B. Pritzker and the IDFPR have delayed their issuance indefinitely due to the ongoing COVID-19 crisis.
Read MoreIn the first episode since the coronavirus pandemic began, Doug and David discuss how cannabis has evolved from criminal to essential (1:50), how the lack of access to federal stimulus funds has impacted cannabis companies (6:35), and a recent Forbes article from Kris Krane detailing how legalized cannabis could serve as a jolt to the economy (12:33).
Read MoreAs we wrote about here, United Cannabis’s bankruptcy proceeding has been under a microscope since the moment the papers were filed. The Hon. Joseph Rosania immediately entered a rule to show cause order instructing United Cannabis to explain why the revenue it generates from activities related to marijuana should not result in dismissal.
Read MoreThe SAFE Banking Act is perhaps the most important piece of federal marijuana legislation outside of bills for full legalization or decriminalization. It has also garnered the most posts of any topic on our blog, because of its importance and the rollercoaster it has gone through since being introduced.
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