Hilary Bricken, Author at Cannabis Business Executive - Cannabis and Marijuana industry news - Page 5 of 9

(Meaningless?) Federal Vote on Marijuana Legalization is on the Horizon

September 2, 2020
Hilary Bricken
Federal
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By Hilary Bricken, Co-founder Harris Bricken I’ve been practicing corporate, transactional, and regulatory law in the marijuana industry for going on 10 years now. I’ve never understood exactly why folks get excited about, or even remotely interested, when various lifetime…

NIST and FDA May Be the Cannabis Quality Assurance Heroes We Need

August 21, 2020
Hilary Bricken
Compliance and Regulations, Policy & Legal
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By Hillary Bricken, Co-Founder Harris Bricken Over the years, we’ve pointed out when federal agencies opt to ignore the federal illegality of cannabis. It happens more often than you might think depending on the topic (see, for example, the NLRB).…

Here We Go! Feds Sue California for Cannabis Business Records

By Hilary Bricken, Co-Founder, Harris Bricken State legal cannabis businesses are used to the specter of the federal government in the rear view mirrors of their lives and businesses. Unless you’ve been living under a rock, you know that cannabis…

ICYMI: The New FinCEN Hemp Banking Guidance

July 9, 2020
Hilary Bricken
Banking, Finance & Real Estate, Hemp Policy & Legal
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By Hilary Bricken, Co-founder Harris Bricken Last week, the Financial Crimes Enforcement Network (FinCEN), issued new guidance (the “FinCEN Guidance”) for financial institutions working with hemp-related businesses. The FinCEN Guidance centers on due diligence requirements as related to the Bank…

L.A. Cannabis: Is An Overhaul on the Horizon?

by Hilary Bricken, Co-founder, Harris Bricken The Department of Cannabis Regulation (DCR) in the City of Los Angeles is making a big push for a comprehensive overhaul of certain parts of the City’s cannabis licensing protocols and its Social Equity…

L.A. Cannabis Update: Little Fires Everywhere

By Hilary Bricken, Co-Founder, Harris Bricken The City of Los Angeles is no stranger to change and struggle around its local cannabis industry. Since the passage of Proposition M back in 2017, the City has made great strides but also…

Trial and Error: Cannabis and the Big Four Sports Leagues

by Hilary Bricken, Co-founder Harris Bricken Anyone who knows me knows that I really enjoy sports of all kinds. I was a college soccer player and played competitive club soccer in Florida before that from the age of 7 onward…

California Cannabis Breaches, Lawsuits and Shake-Ups, Oh My

By Hilary Bricken, Founder Harris Bricken Even though they’re currently deemed “essential“, California cannabis businesses were already struggling financially before the onset of COVID-19. Increasing competition from unregulated, un-taxed, illegal actors combined with high local and state taxes combined with…

Distressed Asset Investors (Finally) Descend on California Cannabis

By Hilary Bricken, Co-founder, Harris Bricken In my ten years of advising and guiding cannabis companies from a corporate, transactional, and M&A perspective, and especially since 2012 (when Washington and Colorado legalized), every cannabis market in which I’ve worked has…

BFD Alert: Coronavirus Cannabis Scams and Pitfalls

By Hilary Bricken, Founder at Harris Bricken The rapid and devastating proliferation of COVID-19 has affected businesses worldwide, and cannabis is no exception. Here in California (and in other states), the state announced that medical cannabis dispensaries are essential and…

ICYMI: Trump Dumps on Medical Cannabis (Again)

By Hilary Bricken, Co-founder Harris Bricken At this point, it probably feels to most people like the federal government is standing down when itcomes to state-legal cannabis and cannabis businesses. It started back in 2013 with the Cole Memo when…

California Cannabis: DCR Issues City of Los Angeles Licensing Update

By Hilary Bricken, Co-founder Harris Bricken On Friday, January 31, the Los Angeles Department of Cannabis Regulation (“DCR”) issued an updates bulletin to stakeholders via email that outlines some important highlights and reminders for licensees and would-be licensees in the…

Is Tribal Cannabis on a Comeback Tour?

January 30, 2020
Hilary Bricken
Native American Tribal Lands, Policy & Legal
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By Hilary Bricken, Co-Founder Harris Bricken For people in the know, the cannabis industry is an unpredictable roller coaster for a number of reasons having to do with federal illegality, evolving state regulations, and market volatility. One faction of the…

On the Horizon: California “Owner” and “Financial Interest Holder” Violations

By Hilary Bricken, Co-Founder Harris Bricken California cannabis regulators are slowly getting into enforcement mode under the Medicinal and Adult-Use Cannabis Regulation Act (“MAUCRSA”). Ostensibly, enforcement to date has been around illegal sales and/or around the manufacturing of illegal products…

Risky Business: Cannabis Security Interests and Secured Transactions

By Hilary Bricken, Co-Founder Harris Bricken As a corporate and transactional attorney focused mostly on cannabis, I see my fair share of financing documents and transactions involving cannabis operators. It’s no secret many cannabis businesses can’t get bank accounts or…