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CRB Due Diligence for Banking Executives Complementary to compliance, due diligence is an extremely important part of cannabis banking. Beneficial ownership and layered legal entity structures are two hot topics, what else should an FI look for when onboarding a CRB? What about ongoing due diligence...
Jim Goodrich will moderate a panel called “Following the Money in a Construction Project” during the 2023 HEREL Annual Conference at University of Minnesota. This session will address several money-related topics that arise over the course of a project such as allowances, contingencies, savings, and...
Join Saul Ewing attorneys and guests for a discussion on the implementation of the Delaware Cannabis Act; opportunities for new and expanding operators; and the likely challenges businesses and regulators will face in standing up to the state's adult-use industry. On April 23, 2023, Delaware became...
Throughout 2023, OSHA has implemented multiple policy changes meant to enhance its enforcement mechanisms, including increased funding and inspector hirings, revisions to the "instance-by-instance" violation policy, modifications to the Severe Violator Enforcement Program, and the new electronic...
In a Bloomberg article titled, “Cannabis Industry Enjoys a Rare Moment of Progress,” Partner Zachary Kobrin discussed the implications of last week’s news that the U.S. Department of Health and Human Services is recommending looser restrictions for cannabis producers. Kobrin, who is based in Fort...
In a recent letter to the Drug Enforcement Administration (DEA), the Department of Health and Human Services (HHS) recommended that cannabis be reclassified as a Schedule III drug under the Controlled Substances Act. The DEA will conduct its own review of HHS’s findings before officially determining...
“When Congress removed hemp from the list of controlled substances and established a 0.3% limit on Delta-9 THC via the Agricultural Improvement Act of 2018, also known as the 2018 Farm Bill, it resulted in two somewhat unexpected product categories. The first was hemp-derived products, such as...
Financial services giant Mastercard banned the use of its debit cards for the purchase of state-legal cannabis. In an interview with Forbes, cannabis law attorney and partner Zack Kobrin says Mastercard’s actions are understandably motivated by the legal limbo that the cannabis industry exists in...
Zack Kobrin, cannabis law attorney and partner, tells The Recorder’s “Higher Law” that while Mastercard’s decision last week to ban the use of its debit cards in the state-legal purchase of marijuana is a blow to the cannabis industry, it will simply lead to new workarounds. “On a larger scale, yes...