2025 | Cannabis Law Now
2025| Cannabis Law Now
The Minnesota Office of Cannabis Management (“OCM”) conducted its license lottery for social equity applicants on June 5, 2025. Lottery winners received preliminary approval and must secure a business location and, in many instances, additional capital is required to commence operations. OCM subsequently issued formal guidance as to changes of business ownership and control. Of particular...Continue Reading…| Cannabis Law Now
Employee stock ownership plans (ESOPs) have been used as a business succession strategy by employers across many industries. In the cannabis industry, ESOPs have come and gone and come again as a trendy topic promising to fix many of the tax and liquidity issues operators in the industry face. But are the benefits real, or...Continue Reading…| Cannabis Law Now
On the heels of the 2018 Farm Bill, some states have opted to regulate hemp-derived cannabinoid consumer products. One of the early movers in this area is the State of Minnesota. The regulations in Minnesota for hemp-derived cannabinoid products (as well as licensing for them) are changing, with licensing opening up this fall. Interestingly, Minnesota...Continue Reading…| Cannabis Law Now
Minnesota Adult Use Cannabis Update We assisted multiple clients in completing and submitting their adult-use cannabis license applications to the Office of Cannabis Management (“OCM”), and we continue to monitor how and when the OCM evaluates those applications. Meanwhile, Minnesota’s rollout of its adult-use cannabis market continues—slowly but surely—with recent developments including: At present, the...Continue Reading…| Cannabis Law Now
Late Wednesday evening the Texas House of Representatives dealt the hemp industry in the Lone Star State what can only be described as a Texas size heartache with the passage of Senate Bill 3 (SB3), effectively banning all hemp derived products containing THC and placing significant restrictions on non-intoxicating hemp products. The state of Texas...Continue Reading…| Cannabis Law Now
Unless you’ve been living under a rock, you know that “THC beverages” derived from hemp have exploded across America (at least in states where they are allowed by law). Time and again, due to the legal ambiguities and limitations posed by the 2018 Farm Bill, the THC beverage industry has advocated for regulation at both...Continue Reading…| Cannabis Law Now
Like many others, we were caught up in filing a slew of Minnesota adult use cannabis applications for our clients by March 14 (which, if you were paying attention, that deadline was extended to March 15 by midnight because of a crash with the Office of Cannabis Management (OCM) website). Every time a licensing window...Continue Reading…| Cannabis Law Now
Selection Sunday marked the start of the NCAA Division I basketball tournaments this week and this year “March Madness” comes with a lessened degree of “Reefer Madness”. Since the 2024 March Madness season, the National Collegiate Athletic Association (NCAA) has made a clear departure from its former position on cannabis. Last June the NCAA voted...Continue Reading…| Cannabis Law Now
Cannabis companies of all sizes have likely come across the issue of having to pursue badly behaved accounts receivable. What was once a time of prosperity has now turned into a business climate of pessimism and regret where the extension of terms and promises to pay have been more than abused by retailers and distributors,...Continue Reading…| Cannabis Law Now
Hemp-derived THC beverages are alcohol-free/non-alcoholic ("AF/NA") drinks that are infused with delta-9 THC derived from hemp, usually along with other intoxicating cannabinoids, so that these beverages produce psychoactive effects without legally being dubbed "marijuana." How?| Cannabis Law Now
Minnesota Adult Use Cannabis Updates| Cannabis Law Now
Based on a recent article in the Green Market Report (and corresponding public filings), "$1.83 billion of . . . debt is set to come due by 2026" for a| Cannabis Law Now
