LEX CANNA

Emergency Regulation Addresses Tax Puzzle

As California scrambled to get rules in place for its new state-legal cannabis market, one welcome, if imperfect, feature of has been flexibility with respect to pre-existing inventory. For example, Section 5029 of the Bureau of Cannabis Control’s emergency regulations allows businesses to sell goods in inventory that do not comply with labeling requirements under […]

Beyond Licensing: Prop 65 Liability Risks for California Cannabis Companies

California has finally ushered in the era of state-licensed cannabis, and cannabis is now a commercial product much like any other (well, at least in the state’s eyes). Forward-thinking companies will not rest on their laurels after obtaining their state licenses, however. As with any product sold to consumers, selling cannabis carries various liability risks. […]

SEC Chairman Issues Statement on Cryptocurrencies and Initial Coin Offerings

The developing cannabis industry is constantly dealing with payment and finance issues as a result of cannabis remaining a controlled substance under federal law.  One solution that has frequently been discussed is the use of virtual currency, such as Bitcoin, or other custom digital “coins” that may be sold through Initial Coin Offerings (ICOs).  Yesterday, […]