Several new laws and amendments went into effect last week on, July 1, 2024, bringing major changes to the cannabis and hemp industry in Connecticut. Here's a detailed look at the primary bill, Public Act 24-76 (the “Act”),...more
Public Act 24-108, passed at the conclusion of Connecticut’s 2024 Legislative Session and signed into law by Governor Lamont on June 4, brings needed statutory clarity to where a business entity may initiate a lawsuit in...more
The Connecticut General Assembly passed Public Act 20-09 in the fall of 2020 with the promise that the Connecticut Transfer Act would be abolished in favor of a released-based, rather than a transaction-based, remediation...more
The Fairfield Judicial District will officially become the Bridgeport Judicial District as of January 1, 2024, after legislation passed this year to make clear the facilities' location. All three of the courthouses in the...more
On August 28, 2023 the Social Equity Council (SEC) and Connecticut’s Department of Economic and Community Development (DECD) announced the launch of the much anticipated Canna-Business Revolving Loan Fund that will provide...more
8/30/2023
/ Agribusiness ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Commercial Loans ,
Connecticut ,
Decriminalization of Marijuana ,
Dispensaries ,
Equal Access to Credit ,
Financial Services Industry ,
Licenses ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
State and Local Government
On August 21, 2020, Governor Lamont made two significant announcements on matters that will affect landlords and tenants in Connecticut....more
As investors start to receive - and dare to open – recent account statements, the reality of the COVID-19 driven spring market volatility will come into focus. Significant portfolio declines coupled with the financial stress...more
5/26/2020
/ Arbitration ,
Broker-Dealer ,
Coronavirus/COVID-19 ,
Fiduciary Duty ,
Financial Distress ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Statements ,
Investment Adviser ,
Investment Opportunities ,
Investment Portfolios ,
Reporting Requirements ,
Securities Regulation
COVID-19 related shutdowns have hit the restaurant industry particularly hard. Even as the government allows more businesses to re-open, questions remain as to whether customers will flock back to their favorite bistro or...more
On April 10, 2020, Connecticut Governor Lamont issued Executive Order 7X, the stated purpose of which is to minimize eviction proceedings during this period of economic disruption and allow residents to comply with prior...more
This past session, the Connecticut General Assembly has adopted legislation to provide clarity and predictability to business owners and the investors regarding when their personal assets could be at risk because of the...more
10/4/2019
/ Asset Protection ,
Business Entities ,
Business Ownership ,
Corporate Liability ,
Corporate Structures ,
Debt ,
Investment ,
Investors ,
Limited Liability Company (LLC) ,
Partnerships ,
Personal Liability ,
Piercing the Corporate Veil