Last week, several members of Seyfarth’s cannabis practice attended CannaVest West and the Cannabis Business Summit & Expo.  Industry expert panels discussed market trends, private equity, venture capital, family offices, and banking, as well as commercial real estate, which I had the opportunity to moderate.

Of interest to TBT readers, a few key takeaways from

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana.

Let’s start with Congress, which had a very busy week.  On Tuesday, the Senate Banking Committee had a hearing on cannabanking.  Full video, as well as member statements and witness testimony are available at the

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana.

First, we have an entry for the “Better Luck Next Time” files.  New York failed to pass a legalization deal.  Perhaps cannabis proponents will have better luck in 2020.

Their neighbors to the south are making

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana.

First, a point of personal pride.  The Blunt Truth started in February 2016, with the slightly crazy idea that a BigLaw firm could talk about marijuana on a regular basis.  As of this week, we’ve

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana.

Let’s start, as we so often do, with the states.   Nebraska has decided against legalizing medical marijuana.  Texas is moving towards legalizing hemp.  Iowa is one step ahead of them – hemp cultivation will begin in

Marijuana is estimated to be a $10 billion industry and rapidly growing. Almost all of it is conducted in cash. Although legal in thirty three states plus Washington, D.C., Puerto Rico and Guam, marijuana remains illegal at the federal level. Accordingly, financial institutions that handle proceeds from a transaction involving the distribution, manufacture or sale of marijuana would be handling illegal proceeds in violation of both federal money laundering statutes and banking regulations that prohibit such institutions from participating in any transaction or engaging in any relationship involving illegal proceeds.
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