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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...
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...
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...
This month’s Friday Five explores decisions regarding the timeliness of appeals, the support necessary to sustain an LTD termination decision, a court’s discretion to credit and discredit expert opinions, the circumstances under which an insured may be required to prove they were prejudiced by the...
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...
This month’s Friday Five addresses two cases involving disability claims that touch on Covid-19, a Circuit Court ruling for an insurer, a district court ruling that a 20-year-old regulatory settlement precluded an insurer from relying on the opinions of physicians it hired, and a claim for breach of...