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Risk Management Marijuana Related Businesses

Troutman Pepper Locke

Massachusetts Efforts to Ensure Safety in the Cannabis Industry: New Testing Requirements and Recent Advisories

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On February 3, the Massachusetts Cannabis Control Commission (CCC) issued two public health and safety advisories regarding potentially contaminated marijuana products sold by two separate licensees in Massachusetts....more

Carlton Fields

California Appellate Court Agrees Marijuana Delivery Driver’s Accident Not Covered Under Personal Auto Policy

Carlton Fields on

A California Court of Appeals decision brought one auto policyholder decidedly down from “cloud nine” in Murphy v. AAA Auto Insurance of Southern California, which found no coverage over a cannabis delivery service employee’s...more

Clark Hill PLC

The Growing Cybersecurity Risks in the Cannabis Industry

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Those familiar with the industry know that cannabis retailers find themselves in a unique position compared to other product retailers. Cannabis retailers face significant regulatory hurdles to their operation—particularly in...more

Bradley Arant Boult Cummings LLP

Alabama Plans to Issue Medical Cannabis Testing License This Summer

What if I told you that you could get a license to test medical cannabis in Alabama this July? Now is that something you might be interested in? Lost amidst the torrent of confusing messages and general circus surrounding...more

Orrick, Herrington & Sutcliffe LLP

Congressional Research Service report highlights de-banking risks

On January 29, the Congressional Research Service (CRS) released a report on the challenges banks may face in providing services to certain individuals and businesses. The CRS’s report was based on the perception that an...more

Venable LLP

Marijuana Banking in 2022: Lessons Learned and Best Practices

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​​​​​​​As we pass the halfway mark of 2022, it's a good time to reflect on what has happened, or not happened, with respect to the legal framework for the provision of financial services to marijuana-related businesses...more

Clark Hill PLC

Will Cannabis Legalization Provide Safety for Financial Institutions?

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On this episode of the Credit Eco to Go podcast with Joann Needleman, there is much speculation that 2021 could be the year that Congress enacts meaningful legislation to allow marijuana related businesses (MRBs) to access...more

King & Spalding

FDA Releases Progress Report Regarding Enforcement Discretion Policy on Hemp-Derived Cannabidiol (CBD)

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Last week, FDA submitted a report to Congress detailing the Agency’s progress on developing an enforcement discretion policy (i.e., a policy of not taking enforcement action) on hemp-derived cannabidiol (CBD). At the same...more

Stinson LLP

Missouri Financial Institutions Must Prepare for Impending Marijuana Banking Challenges

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In November 2018, Missouri voters passed Amendment 2, setting in motion state regulated medical marijuana. Over the last month, the Missouri Department of Health & Senior Services (DHSS) began approving license applications...more

Carlton Fields

Cannabis Companies - Don't Let Your Valuable Trade Secrets Go Up in Smoke

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In the race to grow, many companies lose sight of the need to protect the competitive advantages they have spent years refining. The cannabis green rush continues across the United States. Companies operating in this space...more

Farella Braun + Martel LLP

[Event] Maximizing Coverage for Cannabis Businesses - June 19th, San Francisco, CA

The cannabis insurance market is responding quickly to meet the unique needs of the industry. Cannabis businesses should be aware of what to look for and obstacles they might face when developing an insurance program....more

Farella Braun + Martel LLP

Cannabis Companies and the California Consumer Privacy Act

The new California Consumer Privacy Act of 2018 (CCPA) will come into effect January 1, 2020.  By turning attention to the issue now, cannabis companies can ensure compliance with the new law without significant business...more

WilmerHale

Developments in the Marijuana Industry and the Implications for Financial Institutions

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The myriad—and conflicting—state, federal and international laws governing the burgeoning marijuana industry have created a complicated legal landscape for financial institutions. In the United States, most states have...more

Robinson+Cole Data Privacy + Security Insider

Data Privacy and Security in the Cannabis Industry

In November, cannabis won big in the midterm elections–in Michigan, the legalization of recreational cannabis passed, the legalization of medical cannabis passed in Utah and Missouri, and several states elected governors who...more

Ballard Spahr LLP

The Medical Marijuana Industry and AML: Opportunities and Risks

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New York State Encourages Banking for State-Licensed Medical Marijuana Businesses – Whereas a Maine Company Runs Into Trouble, Despite State Law Legalizing Medical Marijuana....more

Farella Braun + Martel LLP

Insuring Cannabis: Not Business As Usual, Yet

The legalization of cannabis in many states is helping the industry to become mainstream and gain access to insurance products taken for granted in other economic sectors. But there is still a long way to go until the...more

Dickinson Wright

Nevada’s Gaming Policy Committee Convenes To Discuss Marijuana And The Gaming Industry

Dickinson Wright on

How far do Nevada’s casinos need to go to police marijuana use by their customers? Can a casino resort allow a marijuana industry conference to utilize its convention facilities? What practices do casinos need to follow...more

Baker Donelson

It's Not Reefer Madness, It's Risk Management: Providing Investment Services to the Marijuana-Related Industry

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Investment advisors and broker-dealers ask more and more whether they can safely provide investment services to prospective customers in the marijuana industry. The answer is still that there is a risk of liability under...more

Bennett Jones LLP

Highly Confidential Data—A Cybersecurity Risk for Cannabis Related Businesses

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Cybersecurity is a significant business risk for any organization that collects personal data. The greater the amount of personal data collected by an organization, the greater the risk that it will be targeted by...more

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