It's A Business Not A Criminal Enterprise (Any Longer)
12/17/18
By: David Molinari The operation of a commercial cannabis business presents a host of unique issues. Security is a concern when the business stores hundreds of thousands of dollars in “inventory” on site. Banking regulations present another problem requiring these enterprises to be a cash-based business; a requirement brought on by federal forfeiture laws if…
The Cannabis Industry Takes Another Step Towards Mainstream
11/12/18
By: David Molinari In 1996, the People of the State of California first passed an initiative to legalize medicinal cannabis. The legislature toyed with drafting the statutory framework regulating the medical cannabis industry. Finally, in 2014 the first “legal” medicinal dispensaries began to open throughout the state. The economic impact of medicinal cannabis was so…
Pass That Dutch: California Insurers Respond to Budding Cannabis Industry
7/2/18
By: Kristin Ingulsrud California Insurance Commissioner Dave Jones announced on June 4, 2018 his approval of the Cannabis Business Owners Policy (CannaBOP) in California. The new CannaBOP program was designed for cannabis dispensaries, storage facilities, processors, manufacturers, distributors, and other related businesses. The CannaBOP program includes property and liability coverage for qualifying businesses. Other recent…
1/10/18
By: Jason C. Dineros This past Thursday, Attorney General Jeff Sessions rescinded the Obama-era’s relaxations for federal prosecutors of marijuana enforcement. This comes only four days into California’s open recreational use market, and potentially halts what has grown into a niche legal practice as well as a concerted training effort among hospitality operators over the…