New Jersey Cannabis Law Update – April 2018

There have been numerous developments over the past few months impacting New Jersey’s budding cannabis industry.   Below is a summary: In January 2018, the IRS released an update to their policies that included a new provision that will harm cannabis-related organizations. In their new policy, the IRS stated that they will not accept tax-exempt status from […]

Firm Update: Preliminary Injunction Application Filed To Enjoin SEC Approval of Medical Cannabis ETF

The cannabis industry in Canada is rapidly growing and Exchange Traded Funds (“ETFs”) trading Canadian public companies that produce medical marijuana and/or service the industry are currently listed on Canadian stock exchanges.  The same cannot be said of the U.S. where banking and SEC regulations have created numerous hurdles for investment companies trying to form […]