Yesterday, the Federal Reserve, along with the Financial Crimes Enforcement Network (FinCEN) and other agencies, issued guidance advising financial institutions, including banks, that they no longer need to file "suspicious activity reports" (SARs) with the U.S. Treasury when they take customers in the cannabis industry...
An insightful article a few weeks ago on MassRoots (www.massroots.com) urges readers to "rebrand" cannabis and call it by its proper scientific name: cannabis. The piece goes through the apparently racist history of those who adopted the term "marijuana" as they pushed for criminalization of cannabis...
The New York Hedge Found Roundtable, made up of professional investors who generally focus on "alternative investments," the other day said its members believe investing in cannabis companies is "appealing." The normal alternative investments one thinks of, derivative securities, hedge and private equity funds and...
Innovative Industrial Properties Inc. is planning to be a real estate investment trust. Its mission, as disclosed in its SEC filing last week for its planned IPO, is to be "focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed...
In a very meaningful new case, as discussed in more detail on our law firm's health care blog at http://bit.ly/2b4m508, a federal appeals judge said the US Government cannot use federal money to prosecute those who are complying with state cannabis laws, even if it violates federal law...