By: Andrew Elbaz, Alexandra (Sasha) Toten, and Joseph Jamil of Minden Gross LLP On October 16, 2017, the Canadian Securities Administrators (“CSA”) set out specific disclosure expectations for issuers that currently have or are in the process of developing cannabis-related activities in the U.S. (“U.S.-Related Cannabis Issuers”). The CSA Staff Notice 51-352 Issuers with U.S. … [Read more...] about CSA announces disclosure expectations for cannabis companies operating in the U.S.
In 2014, Colorado became the first state to initiate legal recreational cannabis sales with Amendment 64, which amended the state’s Constitution and addressed a recreational regime. Under the regime, adults over 21 years old may legally possess 1 ounce of cannabis. House Bill 1266, which becomes effective on August 9 of this year, allows those who were convicted of … [Read more...] about Recreational Cannabis in the U.S.A: Colorado
In July of 2015, Oregon became the fourth state in the US to legalize recreational cannabis when Measure 91 came into effect. Under Oregon law, adults 21 years of age or older are allowed to legally purchase and consume recreational cannabis. A maximum of one ounce of dried cannabis may be purchased at a time. If you are above the legal age, you may keep up to eight ounces … [Read more...] about Recreational Cannabis in the U.S.A: Oregon
In November 2016, California passed Proposition 64, the Adult Use of Marijuana Act (“AUMA”). The state has set January 1, 2018 as the date that it will release its regulations for production, testing, distribution and sales of recreational cannabis including the implementation of a tracking system for cannabis seeds. Licensing for large-scale cultivation will only be commencing … [Read more...] about Recreational Cannabis in the U.S.A: Part Two, California
The Council of the District of Columbia has passed a law which gives minority-owned companies preferential access to cannabis business licenses. The emergency legislation modifies a section of the Legalization of Marijuana for Medical Treatment Initiative of 1999 to provide that that "a certified business enterprise (as defined in the Small, Local, and Disadvantaged … [Read more...] about Minorities Given Preferential Access to Cannabis Business Licenses Under D.C. Law