For at least the past decade, federal bankruptcy courts have routinely prohibited cannabis businesses from seeking protection under federal bankruptcy law, regardless of whether a cannabis business is legally operating under state law. The reason is that cannabis remains illegal under the federal Controlled Substances Act (CSA), which, in addition to criminalizing the direct growing
Obtaining adequate and affordable insurance coverage remains one of the many challenges in the cannabis industry. Most large insurance carriers – adverse to the risk posed by unfavorable federal law – have so far chosen to leave millions of dollars in potential annual premiums that cannabis industry businesses are willing to pay on the table.
Last week, we wrote about the Drug Enforcement Administration’s (DEA) February 13, 2023 response letter stating that delta-8 THCO and delta-9 THCO – two forms of THC acetate ester (THCO) – are illegal controlled substances under federal law. The DEA’s decision centered on THCO’s “synthetic” nature. The DEA explained that “[d]elta-9 THCO and delta-8 THCO
There is a moment in the movie Wall Street, just before a fresh-faced Charlie Sheen as Bud Fox interviews for a coveted position with a peak-of-his-fame Michael Douglas playing the iconic Gordon Gecko, where Sheen looks in the mirror, adjusts his tie, and says: “Well, life all comes down to a few moments…this
We have long suspected that North Carolina may be the next great cannabis market. In describing North Carolina as “the sleeping giant of the South,” we wrote recently:
From Murphy to Manteo, North Carolina is a state that will have a lot to offer the medical marijuana industry at some point in the future. The
If you give me an opportunity to quote George Harrison, I’m going to do it. In “Taxman,” he wrote:
Should five percent appear too small
Be thankful I don’t take it all
‘Cause I’m the taxman
Yeah, I’m the taxman
I suspect “The Quiet One” would be appalled to know the taxes facing
Bob Seger’s “Against the Wind” is an anthem to love and growing old. Among its many great lines is “wish I didn’t know now what I didn’t know then.” Can you tell I recently turned 40?
But I write today not about what I wish I didn’t know, but about what I wish I did
I’m not proud of it, but I’m the resident cynic amongst the editorial staff here at Budding Trends when it comes to federal marijuana reform. And after all, someone has to temper the frivolous whims of others. But we’re coming off the holiday season where I told two growing children that if they did not
Like many sports fans, we’re suckers for next-season predictions immediately following the prior season (even when Notre Dame is inexplicably ranked in the Top 10). At the time of this writing, applications have just been submitted for the initial round of medical cannabis licenses in Alabama – and the licenses will not be awarded until
As we turn the calendar to another year, and because we run a cannabis law blog, it seems fitting to write about year one of Mississippi’s medical cannabis program and to preview what 2023 may have in store as the program finally launches. And what better way to frame this article than follow Charles Dickens’