A number of liberal groups filed a lawsuit today to challenge Pres. Trump's January 30 executive order that for every new regulation an agency must eliminate two old regulations. The lawsuit says it requires agencies to be "arbitrary," which they would not be allowed to...
What a ride it's been. In March 2009 at the nadir of the last bear market, the Dow Jones Industrial Average hit 6547, the lowest it had been in 12 years. Today the Dow hit 20,000 for the first time. So if you invested at...
The old gray lady, The New York Times, wrote an editorial last week encouraging the Trump Administration to significantly expand the opportunity for US researchers to grow and study cannabis. It reminded me a bit of the 2013 Sanjay Gupta MD special on cannabis on CNN....
Update 1/24/2017- if you missed the webcast, the archived version can be found here. It's about an hour and a great intro/overview of Reg A+. I'm thrilled to be moderating a top-notch panel today in a webcast called "Bringing Back the Small Cap IPO: 2017 Reg...
At his confirmation hearing to become the next US Attorney General yesterday, Alabama Sen. Jeff Sessions seemed to soften his previous extreme views against legalization of cannabis. As we know, recently Sessions said things like "Good people don't smoke marijuana" and it is "not the...
The Trump team just announced that they are going to nominate Jay Clayton of Sullivan & Cromwell to be the next Chairman of the SEC. Clayton is a prominent M&A attorney and dealmaker. Very different from the former prosecutor with no real securities experience who...
As expected, in one of his final acts in office a few weeks ago, Pres. Obama signed the SEC Small Business Advocate Act of 2016 into law. This bill had pretty wide bipartisan support in Congress. Like most good ideas, it's pretty simple. It sets...
First, happy new year to my faithful blogees! As President-elect Trump has been organizing his proposed Cabinet, we haven't heard much yet about appointments to administrative agencies such as the Securities and Exchange Commission. Trump gets to appoint three open SEC commissioner spots out of five....
Following up on positive statements by senior SEC staffers at the recent PLI Securities Law seminar and the SEC small business forum in November, the Commission also recently issued a white paper on how things are going under updated Regulation A, now known as Regulation...
Our good friends at Viridian Capital Research (www.viridianca.com) track M&A deals and financings in the cannabis space in North America. They also run the cannabis stock index which gives us a good sense of how the stocks in the industry are trading. The news they just...