Cannabis

  • October 26, 2021

    MedMen Targets Enforceability Of Ex-CFO's Contract At Trial

    The former chief financial officer of MedMen spent Tuesday under cross-examination fielding questions aimed at convincing a Los Angeles jury that the terms of his employment agreement he claims the cannabis giant breached are unenforceable because he crafted his own deal with nonexistent negotiations.

  • October 26, 2021

    Hemp Manufacturers Fight Sanctions Bid In Colo. Suit

    A former business partner of a Colorado hemp farm has urged a federal judge to dismiss a sanctions motion against him and two companies he's affiliated with, arguing that the farm's motion over an alleged destruction of documents is "baseless and should be denied."

  • October 26, 2021

    Hemp Biz Launches Blockchain-Based Litigation Funding

    Retail investors can now bet on litigation finance via a blockchain-based token offering — a so-called initial litigation offering — that will fund hemp company Apothio while it battles a California county in federal court, according to a Tuesday announcement.

  • October 26, 2021

    CBD Retailer Says PayPal Wrongfully Locked Its Accounts

    PayPal unlawfully shut off a Brooklyn retailer's accounts because its new line of CBD oil products violated the digital payment company's policy against the sale of drugs and other consumer risks, according to a lawsuit filed Monday in New York federal court.

  • October 26, 2021

    5th Circ. Allows Texas Co.'s E-Cigs To Stay On Market

    A Fifth Circuit panel on Tuesday said a Texas e-cigarette maker could continue to market its flavored products, despite the U.S. Food and Drug Administration's recent denial order, finding the agency "simply ignored" the company's marketing plan.

  • October 26, 2021

    Pot Edible Snack Lookalikes Put Kids At Risk, AGs Warn

    The attorneys general of New York and Connecticut on Tuesday issued warnings about illegal cannabis edibles in packaging designed to look like well-known snacks and candy, with both citing a nationwide rise in accidental overdoses among children.

  • October 26, 2021

    Leafly Wins Challenge To Fla.'s Medical Pot Online Order Rule

    A Florida administrative law judge has ruled that the state's Health Department must immediately stop relying on a policy preventing medical marijuana companies from using Leafly and other sites for online orders, finding that the state agency's policy constitutes an unadopted rule.

  • October 25, 2021

    MedMen Leaders Were Reckless With Investor Cash, Jury Told

    The former chief financial officer of cannabis giant MedMen continued his testimony Monday in front of a Los Angeles jury considering his breach of employment contract and retaliation claims, describing what he saw as questionable spending decisions by the company's founders as the newly public company ran low on cash.

  • October 25, 2021

    Texas Judge Won't Block State's Delta-8 THC Ban, For Now

    A Texas judge has rejected a CBD company's request for a temporary restraining order on the state's ban on delta-8 THC, leaving it in place as a lawsuit proceeds against the state's health department over how it purportedly rescheduled delta-8 onto the controlled substances list.

  • October 25, 2021

    Calif. Cannabis Atty Sees Former Client's Claims Tossed

    A California cannabis attorney who once faced felony charges related to her practice has successfully defeated claims brought against her by a disgruntled former client seeking to overturn a state court's judgment against him.

  • October 25, 2021

    Insurance Coverage Vet Joins Miller Nash Cannabis Team

    Miller Nash LLP announced Monday that an insurance attorney formerly with Nicolaides Fink Thorpe Michaelides Sullivan LLP has joined the firm's insurance recovery and cannabis team in its Long Beach, California, office.

  • October 25, 2021

    Curaleaf Shop Unionizes, PharmaCann Workers Ink Contract

    Workers at a New York processing facility of national cannabis company PharmaCann have ratified a new three-year union contract with the company, while workers at a Curaleaf dispensary in Illinois recently won a vote to unionize, joining Local 881 of the United Food and Commercial Workers.

  • October 22, 2021

    MedMen CFO Quit After Finding Possible Crimes, Jury Told

    The ex-chief financial officer of cannabis giant MedMen told a Los Angeles jury considering his breach of employment contract and retaliation claims on Friday that he had no choice but to resign after discovering potential illegal transportation of marijuana and stock market manipulation.

  • October 22, 2021

    Cannabis Bill Roundup: House Eyes Expanding Pot Research

    U.S. House members reintroduced a bipartisan bill this week to clear the way for cannabis researchers to study marijuana products sold legally in states, while legislators from Pennsylvania to Puerto Rico pursued cannabis reforms ranging from full legalization to simple decriminalization. 

  • October 22, 2021

    California Cannabis Co. Sues Rival, Alleging TM Infringement

    A California cannabis company has filed a complaint in state court accusing another California-based CBD company of trademark infringement for using its registered "Breez" mark.

  • October 22, 2021

    Pot Co. Verano Accused Of Failing To Pay $500K Commission

    A New York woman who claims to have helped Verano Holdings LLC find another company to acquire has sued the cannabis company over an allegedly unpaid commission of $500,000, saying Verano has so far refused to pay her.

  • October 22, 2021

    Ex-Giuliani Associate Convicted Of Campaign Finance Crimes

    A Manhattan federal jury on Friday convicted former Rudy Giuliani associate Lev Parnas and his ex-business partner of campaign finance violations stemming from a purported scheme to leverage foreign donations to U.S. political candidates into support for a legal cannabis venture.

  • October 22, 2021

    US Postal Service Bans Most Vapes From Mail, But Not Hemp

    The U.S. Postal Service has revised its regulations to add new restrictions on mailing e-cigarettes, vape pens, e-liquid pods and other electronic nicotine delivery systems, or ENDS, classifying them as "generally nonmailable matter."

  • October 21, 2021

    MedMen Accused Of Ch. 7 'Smear Campaign' After $33M Deal

    A debtor who co-founded a cannabis business he once sold to MedMen has claimed that a bankruptcy court wrongfully converted his reorganization bankruptcy into a Chapter 7 bankruptcy after MedMen claimed it held a $10 million judgment against the debtor.

  • October 21, 2021

    Feuerstein Kulick Leads $100M Jushi Debt Deal

    Multistate cannabis operator Jushi Holdings Inc. said Thursday it has inked a $100 million line of credit from a Sundial Growers-sponsored joint venture that it plans to tap into to buy a Massachusetts marijuana dispensing company.

  • October 21, 2021

    Ex-Giuliani Pal Says Foreign Cash Isn't Linked To Donations

    An attorney for former Rudy Giuliani associate Lev Parnas on Thursday told a Manhattan federal jury there was no connection between a wealthy Russian businessman's money and contributions to U.S. political campaigns.

  • October 21, 2021

    Fla. Official Blasts New Pot License Rules As Discriminatory

    Florida Agriculture Commissioner Nikki Fried has called for a state investigation over a new rule issued by the Florida Department of Health that more than doubles the cost of applications for Black farmers seeking licenses for medical marijuana treatment centers, saying she believes the rule is discriminatory. 

  • October 21, 2021

    CBD Co. Will Pay $1M To End Investors' Energy Drink Suit

    A proposed class of investors asked for preliminary approval Wednesday of a $1 million settlement they reached with India Globalization Capital over claims the company misled investors about plans to manufacture a CBD energy drink in Malaysia even though cannabis production is illegal in the country.

  • October 20, 2021

    Pot Lender Tried To 'Steal' Ownership Stake, Borrower Says

    A trio of companies behind a California cannabis enterprise filed suit against Pelorus Management Group LLC on Wednesday for allegedly trying to "steal" a 25% ownership interest, calling the company's real estate investment trust an "unethical loan shark."

  • October 20, 2021

    Cannabis Co. Took Workers' Tips, Employee Alleges

    An Arizona cannabis company has been hit with a proposed class action from a worker alleging that tipped employees don't receive the full value of their tips because managers and supervisors pool them and take a cut.

Expert Analysis

  • Why State Law Noncompliance Is Federally Risky For Pot Biz

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    The Sixth Circuit's recent U.S. v. Trevino decision, affirming federal marijuana convictions against an unlicensed Michigan dispensary owner, shows how businesses not in compliance with state medical marijuana law risk losing the protection of an appropriations bill amendment that prohibits federal prosecution, says Lloyd Pierre-Louis at Dickinson Wright.

  • Series

    Confronting Origination Credit: Why GCs Need To Speak Up

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    In order to promote diversity and inclusion in the legal profession, in-house counsel should leverage their influence by talking to their outside firms about fair origination credit allocation, because many law firm compensation systems are still shrouded in mystery, and underrepresented attorneys often face entrenched inequities, says Michelle Banks at BarkerGilmore.

  • Financial Planning Tips For Retiring Law Firm Partners

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    As the pandemic accelerates retirement plans for many, Michael Delgass at Wealthspire Advisors outlines some financial considerations unique to law firm partners, including the need for adequate liquidity whether they have capital accounts or pension plans.

  • Preparing Remote Deposition Defenses For Corporate Entities

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    As remote depositions will remain common for the foreseeable future, attorneys defending a deposition notice or subpoena to a corporation should implement certain strategies to mitigate unique challenges, such as less planning time and increased difficulty of establishing rapport with witnesses, say attorneys at Sidley.

  • Cannabis M&A: How To Prepare For Regulatory Due Diligence

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    Cannabis-related businesses that are being acquired or receiving investments or loans should facilitate a robust due diligence process — including keeping records of licenses, regulatory correspondence and standard operating procedures — to insulate themselves from, and ensure other parties are well aware of, regulatory risks, say attorneys at Saul Ewing.

  • Perspectives

    Why Law Schools Should Require Justice Reform Curriculum

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    Criminal defense attorney Donna Mulvihill Fehrmann argues that law schools have an obligation to address widespread racial and economic disparities in the U.S. legal system by mandating first-year coursework on criminal justice reform that educates on prosecutorial misconduct, wrongful convictions, defense 101 and more.

  • Girardi Scandal Provides Important Ethics Lessons

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    The litigation and media maelstrom following allegations that famed plaintiffs attorney Thomas Girardi and his law firm misappropriated clients' funds provides myriad ethics and professional responsibility lessons for practitioners, especially with regard to misconduct reporting and liability insurance, says Elizabeth Tuttle Newman at Frankfurt Kurnit.

  • Series

    Embracing ESG: Jabil GC Talks Compliance Preparation

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    Tried-and-true compliance lessons from recent decades can be applied to companies’ environmental, social and governance efforts, especially with regard to employee training and consistent application of policies — two factors that can create a foundation for ESG criteria to flourish, says Robert Katz at Jabil.

  • 3 Ways CLOs Can Drive ESG Efforts

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    Chief legal officers are specially trained to see the legal industry's flaws, and they can leverage that perspective to push their companies toward effective environmental, social and governance engagement, says Mark Chandler at Stanford Law School.

  • How To Navigate California's New Intrastate CBD Route

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    Businesses and consumers should prepare for rigorous compliance checks on manufacture, distribution and retail sale of consumer products made with CBD and other hemp-derived cannabinoids. following California's new law opening the potentially enormous market for these items, says Christian Foote at Clark Hill.

  • How Law Firms Can Rethink Offices In A Post-Pandemic World

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    Based on their own firm's experiences, Kami Quinn and Adam Farra at Gilbert discuss strategies and unique legal industry considerations for law firms planning hybrid models of remote and in-office work in a post-COVID marketplace.

  • Opinion

    Cannabis Fraud Decision Shows Need For Sentencing Reform

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    A New York federal court's recent decision in U.S. v. Akhavan, holding a $17 million forfeiture request for cannabis bank fraud unconstitutionally excessive, reveals the need to reform sentencing laws that overemphasize crimes' financial elements even when tenuously related to defendants' intent, say Lloyd Liu and Hilary LoCicero at Bennett LoCicero.

  • Series

    Embracing ESG: Baker Hughes CLO Talks Sustainability Team

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    For businesses focused on addressing environmental, social and governance considerations, a legal team that can coordinate sustainability efforts across the company can help to manage risk and compliance issues, anticipate and prepare for change, and identify new opportunities, says Regina Jones at Baker Hughes.

  • What Mainstreaming Of Litigation Finance Means For Industry

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    The rush of new capital and investors into the litigation funding space is expected to bring heightened competition on price and other key deal terms, but litigants will need to be more in tune with individual financiers' proclivities, says William Weisman at Therium Capital Management.

  • What 9th Circ. Privilege Test Means For Dual-Purpose Advice

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    While the Ninth Circuit's recent ruling in In re: Grand Jury confirms that courts should use the primary-purpose test to determine whether communications with both legal and business purposes are shielded by the attorney-client privilege, questions on the application of the test remain, says Scott Tenley at Michelman & Robinson.

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