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Tracking Cannabis

Tracking Cannabis

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ABA urges Congress to reform federal cannabis policy

Carl Rowley Jack Jacobson August 22, 2019

The ABA House of Delegates has adopted a resolution recommending the rescheduling or de-scheduling of cannabis under the CSA. The resolution urges Congress to enact legislation removing cannabis from Schedule 1 of the CSA and defer to states in drafting cannabis policies. READ MORE

What’s new for medical cannabis facilities after the Cannabis Regulation and Tax Act

Kevin Young T.O. Odutayo July 29, 2019
indoor cannabis production

With the passage of the June 25, 2019 Cannabis Regulation and Tax Act, Illinois has legalized recreational cannabis use for adults 21 and older. The Act outlines new regulations for medical dispensaries, cultivation centers, and social equity components for medical facilities already operating under Illinois’ medical cannabis program. READ MORE

Cannabis investors analyze industry, share predictions in Thompson Coburn-led ArcView panel

Michael Rosenblum February 13, 2019
A jar of cannabis buds laying on money

During a panel at the ArcView Investment Forum, leading private fund managers and industry analysts discussed the potential opportunities and risks for investing in the booming cannabis market, including predictions about developments that may significantly impact the industry in 2019. READ MORE

Thompson Coburn advises clients on state laws governing the business of cannabis to facilitate compliance with those state laws. Federal laws concerning cannabis currently conflict with state laws in states that have legalized cannabis or possession of cannabis. Although federal enforcement policy may at times defer to these states’ laws and not enforce conflicting federal laws, interested businesses and individuals should be aware that compliance with state law in no way assures compliance with federal law, and there is a risk that conflicting federal laws may be enforced in the future. In addition to this Cannabis-specific note, readers should review Thompson Coburn’s Conditions of Use / Disclaimers page containing other important information.