Corporate & Securities Archives

Canna Law Blog Reviews Hemp-CBD Regulations State-by-State, Week-by-Week

July 22nd, 2019|Categories: Complex Business Litigation, Corporate Compliance, HB Risk Notes, HB Tort Notes|Tags: Cannabis, Compliance, Corporate & Securities, Legal Research & Writing, Regulations|

“When it comes to hemp, few states have embraced it like Colorado,” writes Harris Bricken attorney Daniel Shortt. “If you buy a product containing hemp, in any state across the country, it likely came from Colorado.” The state has allocated more than 12,000 acres of outdoor space and 2.35 million square feet of indoor space to hemp cultivation, according to Marijuana Business Daily. Shortt and his colleagues are working their way through a state-by-state series on the Canna Law Blog™, titled Hemp-CBD Across State Lines. The Harris Bricken team has covered Alabama, Alaska, Arizona, Arkansas and California, and added Colorado to the list yesterday, July 21. The firm’s series covers state regulatory activity following the enactment of the federal Agriculture Improvement Act of 2018, aka “The Farm Bill,” which removed hemp and its derivatives from the definition of marijuana under the Controlled Substances Act. The bill gave the USDA regulatory authority over hemp cultivation at the federal level, but states may maintain primary regulatory authority over the crop cultivated within their borders by submitting a plan to the USDA, Shortt explains. Read the Canna Law Blog's Colorado post and follow this series, updated weekly. Related Webinar This Week The Harris Bricken law firm has been on the forefront of the law regarding cannabis and related products for years. Three Harris Bricken [...]

Top Five Things to Know if You’re Building Your Cannabis Empire Through M&A — CannaLawBlog

May 7th, 2019|Categories: Complex Business Litigation, Corporate Compliance, HB Risk Notes|Tags: Cannabis, Compliance, Corporate & Securities, Mergers & Acquisitions, Risk Management|

Cannabis is associated with calm. Joining the industry is anything but. Hilary Bricken already has nearly a decade of experience in the field of cannabis law. She founded the Canna Law Blog in 2010, which now has several contributors from the Harris Bricken firm and is easily one of the best out there. Her latest post offers insights on companies who wish to build their cannabis business through mergers and acquisitions. In her May 6 post, titled "Top Five Things to Know if You're Building Your Cannabis Empire Through M&A," she writes: "It’s no secret that multiple state-by-state operators are building their cannabis empires through aggressive mergers and acquisitions. Last year, our cannabis business attorneys closed more than $100 million in cannabis company acquisitions, and that shows no signs of stopping in 2019. Cannabis M&A is not your run-of-the-mill business dealing though, and working from boilerplate, rote M&A documents is hugely dangerous. In addition, diligence is oftentimes like a regulatory spiderweb laden with liabilities that other businesses do not face. In addition, the barriers to entry in the cannabis industry are increasingly high, tedious, and protectionist, which can really torture business deals." Bricken writes that "if you find yourself turning into a larger multi-state operator though acquiring cannabis businesses," there are at least five things you should know. Read on for what she has to [...]

Spotify Tells EU Apple is Hampering Competitors as Apple Music Surpasses Spotify in U.S. — MoginRubin

April 30th, 2019|Categories: Complex Business Litigation, HB Risk Notes, Technology Law|Tags: Corporate & Securities, eCommerce, Information Technology Law, Regulations|

[one-half-first][/one-half-first] [one-half] "Apple Music recently surpassed Spotify in the U.S. market, according to the Wall Street Journal, signing up 28 million subscribers compared to Spotify’s 26 million. Spotify continues to have more total subscribers, however. "Spotify Founder and CEO Daniel Elk took to the company blog to make his case, saying, “Apple operates a platform that, for over a billion people around the world, is the gateway to the internet. Apple is both the owner of the iOS platform and the App Store—and a competitor to services like Spotify. In theory, this is fine. But in Apple’s case, they continue to give themselves an unfair advantage at every turn.” "In a recent statement, Apple says it revolutionized the distribution of music with iTunes, and did the same thing with the App Store, something that has created “many millions of jobs” and, it says, generated more than $120 billion for developers and new industries." Read the complete post on the MoginRubin Blog here! [/one-half]

Two Judges Find Florida Medical Marijuana Law Unconstitutional

January 4th, 2019|Categories: Complex Business Litigation, Corporate Compliance, HB Risk Notes, HB Tort Notes|Tags: Cannabis, Compliance, Corporate & Securities, Emerging Litigation & Risk, Regulations|

The Program is 'Absolutely Broken' -- Now What? Edited by Tom Hagy Florida Circuit Judge Karen Gievers just held that the Florida medical marijuana law is unconstitutional. Reporting on the judge's Trulieve decision for the Florida Politics news service, journalist Jim Rosica called it "a rebuke to lawmakers and the Rick Scott Administration" that was "stunning even for" Judge Gievers. "In the spirit of boxing legend Muhammad Ali, known for his pre-fight rhymes, Gievers opined that in Florida 'the medical marijuana system was broken. Now, in the Constitution, the people have spoken.'" Rosica reported that while Gov. Scott is appealing the major marijuana decisions against the state Department of Health, the transition team of Republican Governor-elect Ron DeSantis, including Lt. Gov.-elect Jeanette Nuñez, has suggested that he will not continue to defend the law in court. Rosica continued: "Gievers, who retires in April, said her decision striking down the law 'includ(ed), but (is) not limited to, replacement of the voter-selected registry plan with an arbitrary, inconsistent licensing scheme … throttling access of qualifying patients to … safe use of medical marijuana from (providers that) the Department has a clear, undisputed duty to register.' In fact, just passing the law was itself unconstitutional, Gievers suggested: 'Voters made clear in 2016 that the Legislature was to have no role in implementing access to and [...]

Halligan, Weyland on Cybersecurity, Trade Secret Asset Management and the Defend Trade Secret Act of 2016

July 23rd, 2018|Categories: Corporate Compliance, HB Risk Notes, Technology Law|Tags: Artificial Intelligence (AI), Compliance, Corporate & Securities, Cybersecurity, Data Analytics|

"Cybersecurity protection against outsider theft has largely succeeded, if competently crafted business methods are strictly followed. The more intractable problem of insider theft is now the major concern, and traditional cybersecurity methods are unavailing. The ever-higher digital barriers placed around the corporation and its sensitive data are no defense against data theft by people allowed inside the digital walls in the normal course of business." Read their complete post on LinkedIn. R. Mark Halligan is a Partner and Trial Lawyer at FisherBroyles, LLP. Mr. Halligan has taught Advanced Trade Secrets Law in the John Marshall Law School LLM program for 24 years. Richard F. Weyand is the President of the Trade Secret Office, Inc. www.thetso.com See R. Mark Halligan and Richard F. Weyand Trade Secret Asset Management 2018: A Guide to Information and Asset Management Including RICO and Blockchainavailable on Amazon. https://www.amazon.com/dp/0997070986

CBD: Confusing Regulations May Soon Find at Least Some Clarity — But Proceed With Caution

July 16th, 2018|Categories: Complex Business Litigation, Corporate Compliance, HB Risk Notes|Tags: Cannabis, Compliance, Corporate & Securities, Drug Laws, Regulations|

By Tom Hagy July 16, 2018 Proponents say the medical benefits are many and magnificent. You can feel better without feeling stoned. While that will be disappointing to some, people enduring a variety of ailments may find relief, proponents and some studies say. From inflammation to pain to anxiety. From arthritis to alcoholism to diabetes. From psychoses to seizures. Cannabidiol may cure what ails you. And in many cases the science is there, even studies sponsored by the government, say the folks at Project CBD. While the regulations vary from state to state, and the definitions can be confusing, clarity is coming for at least the hemp-derived variety of products – as opposed to its sister cannabis plant, marijuana – with the likely passage of Senate Majority Leader Mitch McConnell’s Hemp Farm Bill. The measure is also noteworthy because it has drawn rare bipartisan support. CBD can be found in just about anything, from skin care products to pain medications to anti-seizure drugs—even beer. Companies, including large retailers, like Target, have tried to sell or are selling products containing CBD online or across state lines. While small compared to the marijuana industry, CBD is on a serious growth trajectory. “Spending on legal cannabis worldwide is expected to hit $57 billion by 2027,” according to an article at Forbes.com, written by Thomas [...]

CBD: Legal or Not? | Webinar | Aug. 16, 2018 | 2pm

July 13th, 2018|Categories: Corporate Compliance, HB Risk Notes, Law Firm Operations|Tags: Compliance, Corporate & Securities, Law Practice Management, Legal Research & Writing, Regulations|

[two-fifths-first] DATE: Thursday, Aug. 16, 2018 TIME: 2 p.m. EDT; 1 p.m. CDT; 12 p.m. MDT; 11 a.m. PDT PLACE: Your computer PRICE: $197 per dial-in site (unlimited attendance at one location) through Aug. 3, $247 thereafter Register by Aug. 3 and save! For more information, email leslie.davidson@litigationconferences.com. Your webinar registration includes: • A site license to attend this webinar (invite as many people in one location as you can fit around your computer at no extra charge). • Downloadable PowerPoint presentations from our speakers. • The opportunity to connect directly with speakers during the audience Q&A session. • At least one-hour of CLE credit. Speakers Daniel Shortt Harris Bricken Seattle Alison Malsbury Harris Bricken San Francisco [/two-fifths-first][three-fifths] With so many studies coming out on the benefits of CBD, a lot of people and companies see tremendous market opportunities and are diving in. Whether derived from industrial hemp or marijuana, these days CBD can be found in just about anything, from skin care products to pain medications to anti-seizure drugs—even beer. Companies, including large retailers like Target, have tried to sell or are selling products containing CBD online or across state lines. But determining the legal status of CBD isn’t easy. Because CBD is a cannabis derivative, the biggest question, of course, is whether or not it’s even legal under [...]

California Enacts the ‘First Truly Sweeping Privacy Regime’ in Record Time

July 5th, 2018|Categories: Corporate Compliance, HB Risk Notes, Technology Law|Tags: Compliance, Corporate & Securities, Data Privacy, Privacy, Regulations|

The California legislature -- apparently not wanting to be pegged as just another slow-moving governing body -- took the California Consumer Privacy Act of 2018 from proposal to passage to signing in one week. Critics weren't sitting on their hands either. "Businesses Blast California’s New Data-Privacy Law," read one headline in the Wall Street Journal. For consumers, Californians anyway, the good news is that they can refuse to allow companies to sell their personal data. But, the WSJ reported, business across the country say the law will cause "far-reaching damage to everything from retailers’ customer-loyalty programs to data gathering by Silicon Valley tech giants." Law firms are cranking out their advisories and analyses. Sullivan & Cromwell says the CCPA establishes a new privacy framework for covered businesses by: "Creating an expanded definition of personal information for purposes of the Act; "Creating new data privacy rights for California consumers, including rights to know, access, have deleted and opt out of the sale of their personal information; "Imposing special rules for the collection of consumer data from minors; and "Creating a new and potentially severe statutory damages framework for violations of the Act and for businesses that fail to implement reasonable security procedures and practices to prevent data breaches." The firm also offered a quick comparison between the CCPA and the GDPR. "At a [...]

Congressional Cannabis Proposal Would Can Criminalization

June 8th, 2018|Categories: Complex Business Litigation, Corporate Compliance, HB Risk Notes|Tags: Cannabis, Compliance, Corporate & Securities, Drug Laws, Emerging Litigation & Risk|

Could this be the thing that brings the parties together? Here is a quote from an article written for Forbes.com by freelance writer Janet Burns. [Jolene Forman, staff attorney at the nonprofit Drug Policy Alliance] called the bill a "first step," and noted, “This bipartisan proposal clears the way for states to develop their own marijuana policies without fear of federal intervention. This will give states more opportunity to restore communities that have borne the brunt of the drug war and mass criminalization." So far, 30 states, Washington, DC and the U.S. territories of Guam and Puerto Rico have enacted medical marijuana legislation, while estimates suggest that 63 million Americans reside in areas where anyone over 21 may now legally possess the plant.