As everyone in the cannabis industry now knows, on July 14, 2021, Senate Majority Leader Chuck Schumer (D-NY) introduced the long awaited proposed Cannabis Administration and Opportunity Act, weighing in at 163 pages. The public can comment on the bill until September 1. In general,...
President Donald Trump last Friday reiterated his support of states choosing whether to legalize cannabis. When asked on the White House lawn by a Washington Examiner reporter whether cannabis would become legal during his Administration, Trump stated, “We’re going to see what’s going on. It’s...
The SEC just announced that it has adopted final rules that will permit full SEC reporting companies to conduct public offerings utilizing the modern crowdfunding capabilities with Regulation A+. We are still awaiting the details of the new rules, but they will become effective immediately...
Today the US Food & Drug Administration announced approval of the first legal cannabis-based drug. The drug, GW Pharmaceuticals' Epidiolex, which will be prescribed to treat severe seizures caused by Dravet syndrome and Lennox-Gastaut syndrome, will be offered in liquid form and will not contain...
Updated 1:03 PM following release of bill text. On the White House lawn this morning, getting ready to leave for the G-7 summit in Canada, Pres. Trump made positive comments about the cannabis bill introduced yesterday by Sen. Cory Gardner (R-CO) and Elizabeth Warren (D-MA). The...
Updated 6/8/2017 following release of bill text: Senators Cory Gardner (R-CO) and Elizabeth Warren (D-MA) today introduced the Strengthening the Tenth Amendment Through Entrusting States (STATES) Act. While we have not seen the text yet, Sen. Warren has published a summary. The bill would amend the Controlled...
The President today signed the Economic Growth, Regulatory Relief and Consumer Protection Act. Most of the bill is centered around easing some Dodd-Frank restrictions as they apply to smaller banks. But buried in Section 508, called "Improving Access to Capital," Congress adopted a major change...
I recently reviewed data from OTC Markets Group, Inc. noting that nine community banks with market capitalizations below $100 million have successfully completed Regulation A+ IPOs. All are trading on the platforms of OTC Markets, including OTCQX, OTCQB and Pink Current. Even better news: the...
The US House of Representatives yesterday passed the Regulation A+ Improvement Act of 2017 (although Congress.gov reports it as the "Regulation At Improvement Act"). This bill would increase the cap on amounts to be raised under Regulation A from $50 to $75 million. If the...
An Israeli peer-reviewed study, just published in the European Journal of Internal Medicine, reports that pain and nausea of cancer patients can be lessened through the use of medical cannabis. The study included thousands of cancer patients using medical cannabis between 2015 and 2017. Over...