In 2020, the Securities ExchangeCommission (the “SEC”) filed a complaint against Ripple Labs, Inc. (“Ripple”)alleging that XRP, the native token of Ripple’s XRP Ledger, is a security, andthat Ripple’s sales of XRP constituted...more
On March 23, 2024, the Securities and Exchange Commission (the “SEC”) formally announced its approval of eight “Ether-Based Exchange Traded Products” (the “ETPs”). This announcement comes a little over four months after the...more
Artificial Intelligence (AI) is not just a technological innovation; it’s a transformative force that has permeated multiple sectors, from healthcare to finance. As AI startups and companies creating AI tools (“AI...more
9/29/2023
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Transformativeness
On August 29, 2023, the Department of Human and Health Services (“HHS”) sent a letter to the Drug Enforcement Administration (“DEA”), recommending that marijuana be rescheduled to Schedule III under the Controlled Substances...more
On Tuesday, New York State’s Cannabis Control Board (“CCB”) voted to approve the Office of Cannabis Management’s (“OCM”) proposed cannabis regulations....more
On Thursday, the California Senate passed Senate Bill 58 (the “Bill”) which would decriminalize possession and personal use of psilocybin, psilocin, mescaline, and dimethyltryptamine (“DMT”). If passed, those age 21 and older...more
On June 6, 2023, Governor Tim Waltz signed into law a bill legalizing marijuana in the state of Minnesota (the “Bill”). The Bill created Minnesota’s Office of Cannabis Management (“OCM”) which is responsible for designing and...more
Last week New York’s Office of Cannabis Management (“OCM”) released revised Adult Use Cannabis Regulations (the “Revised Regulations”). The Revised Regulations do not make any major changes, however, the Revised Regulations...more
Colorado voters approved Proposition 122, or the Natural Medicine Health Act (“NMHA”) in November of 2022. The goal was to make “Natural Medicine” (as defined in the NMHA) available to those who could benefit from is use....more
Federal Prohibition is Preventing Widespread and Additional Research The Mayo Clinic recently published a special edition of its Mayo Clinic Magazine, titled Medical Marijuana: The Science and Benefits...more