Archive

Kentucky Medical Cannabis Licensing Update: New Bill and Regulations

By Yolanda Clarke, Colleen Mitchell
Apr 19, 2024

In an exciting week for the nascent Kentucky medical cannabis program, interested stakeholders were provided abundant new information to inform their business goals. Read this article for details on the new bill and regulations, and key licensing details—including medical cannabis business license caps.

[Webinar] From Maryland Lottery to Cannabis Business License: Priorities, Strategies & Solutions

Apr 5, 2024

Watch this informative webinar with members of Vicente’s Maryland and Corporate teams and Cannabis Capital Advisors’ Christopher Stefan. Panelists will guide attendees with essential next steps to successfully navigate Maryland’s cannabis industry, including insights into the application review process, compliance requirements, and financing options for raising capital to build an operational cannabis business in Maryland.

Maryland Cannabis Licensing Update: Priority Actions After Lottery Selection

By Meg Nash
Mar 12, 2024

The Maryland Cannabis Administration's first license lottery is on March 14th. This Insights post will help all applicants, regardless of the outcome, understand the next steps. Those selected will go through background checks and receive conditional licenses. Those who were not selected can retain their application for future rounds, potentially reserved for social equity applicants.

Minnesota’s Proposed Cannabis Legislation Would Provide Early-Mover Licensing Opportunities for Social Equity Business Applicants

By Jason Tarasek, Yolanda Clarke
Mar 12, 2024

Minnesota lawmakers are proposing a bill to reshape the state's adult-use cannabis market, prioritizing social equity business applicants. The bill would grant social equity applicants a head start through temporary licenses allowing them to prepare for full licensure. This Insights post highlights social equity applicant criteria, limits on the total number of cannabis business licenses, and additional details to this recently introduced bill.

Washington, D.C. Medical Cannabis Program Update: Open Application Periods for Retail Licenses and Increased Enforcement Against Unlicensed Operators

By David M. Ullian
Feb 26, 2024

Washington, D.C. will soon be accepting applications for new medical cannabis retail licenses. The application process is divided into two periods, with Social Equity Applicants getting priority and an earlier application window. This blog details the two available license types, eligibility requirements, and the application process. Additionally, it outlines new enforcement actions against unlicensed I-71 cannabis “gifting” businesses.

Raising Private Capital in the Cannabis Industry

By Charles Alovisetti, Elliot Y. Choi, and Sahar Ayinehsazian
Sep 29, 2022

Charles Alovisetti, Elliot Y. Choi, and Sahar Ayinehsazian write for the Bloomberg Law, reflecting on the challenges and journey of raising private capital in the cannabis industry

What is a Cannabis REIT?

By Charles Alovisetti, Cassia Furman
Apr 23, 2021

To many in the cannabis industry, REIT is not a common acronym. Yet, as cannabis businesses seek ways to raise funds, REITs are coming up in more and more conversations.

Exploring Alternatives to Bankruptcy for Cannabis Businesses

By Charles Alovisetti, Phil Silverman, Jason Adelstone
Apr 17, 2020

Bankruptcy law provides advantages for financially distressed companies to restructure debt while continuing to operate. Without access to U.S. Bankruptcy Code protections, marijuana companies must turn to out-of-court restructurings and state law insolvency proceedings.

Blue Sky Laws and the Cannabis Industry

By Charles S. Alovisetti, Partner
Oct 7, 2019

In addition to federal securities laws, each state and territory has its own securities laws, often referred to as blue sky laws. Cannabis company compliance with these rules may be more important due to heightened regulatory scrutiny.

Can Hemp Companies Declare Bankruptcy?

By Charles S. Alovisetti, Partner; Phil Silverman, Counsel; Jason Adelstone, Law Clerk
Sep 27, 2019

One of the many issues arising out of the tension between state and federal law in the cannabis industry is whether cannabis companies can access the protections of federal bankruptcy law.