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Keywords: "Controlled Substances Act"

Marijuana legalization plaintiffs make final plea to US Supreme Court

August 14, 2020

The federal statute criminalizing cannabis should be declared unconstitutional, according to a petition filed with the U.S. Supreme Court. The 3-year-old case, if the Supreme Court decides to hear it, could have implications on the legalization of marijuana federally. But it’s likely a long shot that the Supreme Court will hear the case. Washington v. […]

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Biden task force takes states-rights approach to cannabis legalization

July 9, 2020

A joint Joe Biden-Bernie Sanders task force has recommended rescheduling marijuana on a federal basis, legalizing medical marijuana nationwide and allowing states to decide about recreational cannabis. The recommendations have been submitted to the Democratic National Committee’s Platform Committee in advance of next month’s scheduled Democratic National Convention, according to Politico. The proposals come short […]

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Bypassing Bankruptcy

July 1, 2020 · Updated June 6, 2021

Marijuana companies have been relatively fortunate during the COVID-19 pandemic, with many deemed essential businesses able to keep their doors open. But with the nation’s economy facing a major downturn, some marijuana companies will probably have to restructure their operations after landing in financial hot water. Their options will be more limited than mainstream companies—but […]

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Broke Enough for Bankruptcy

July 1, 2020 · Updated June 6, 2021

In a recession, there are bound to be business casualties—particularly in a high-risk, nascent industry such as hemp. Hemp companies have experienced a perfect storm of obstacles since legalization in late 2018—an uncertain regulatory environment, overproduction in 2019, ongoing challenges with access to banking and financial services and, now, COVID-19. In short, the odds are […]

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Overtime-pay issue leads CO marijuana security firm to US Supreme Court

May 19, 2020

A cannabis security company based in Colorado has petitioned the U.S. Supreme Court to review a lower-court decision requiring state-legal marijuana businesses to adhere to federal labor laws such as overtime pay. In its petition, Helix TCS argues that a ruling last September by the U.S. Court of Appeals for the 10th Circuit in Denver […]

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MJBizCon 2019: Cannabis industry recognizes year’s challenges as it looks forward to longer-term growth

December 11, 2019

LAS VEGAS – Members of the cannabis industry’s brain trust used the first day of MJBizCon to share predictions for 2020 and describe how changing attitudes in the United States might affect future marijuana legalization efforts – plus more coverage from this week’s conference in Las Vegas. In his keynote presentation Wednesday, Chris Walsh, president and […]

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US House panel passes federal cannabis legalization bill in historic vote

November 20, 2019

The U.S. House Judiciary Committee on Wednesday approved a sweeping cannabis reform bill by a vote of 24-10, a milestone moment that moves the multibillion-dollar marijuana industry a step closer to federal legalization. If adopted into law, the social justice-focused Marijuana Opportunity Reinvestment and Expungement (MORE) Act of 2019 could open up huge business opportunities […]

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FDA warns against vaping cannabis products containing THC

October 4, 2019 · Updated November 11, 2019

The U.S. Food and Drug Administration on Friday issued an updated consumer alert warning people not use vaping products containing THC, though it makes no mention of recommendations for cannabis businesses. The statement from FDA Commissioner Norman Sharpless notes that “the FDA does not have enough data to identify the cause, or causes, of the […]

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Industry leaders urge Congress to legalize cannabis following vaping crisis

October 3, 2019 · Updated November 11, 2019

Nearly 800 cannabis business leaders and policy experts led by the National Cannabis Industry Association (NCIA) are calling on Congress to remove marijuana from the federal Controlled Substances Act as the vaping crisis continues. “The recent illnesses are an unmistakable reminder of the importance of effective regulation,” a letter to congressional leaders states. “If it is […]

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Cannabis firms must comply with federal overtime law, court rules

September 23, 2019 · Updated September 25, 2019

State-licensed marijuana businesses need to adhere to federal labor laws governing paying overtime to employees, an appellate court ruled, which is a decision that could have broad implications for the MJ industry. A three-judge panel of the U.S. Court of Appeals for the Tenth Circuit in Denver affirmed a decision by a lower court in the […]

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