Interest in cannabis is at an all-time high. In 2020, Americans bought $18.3 billion in cannabis products, a $7.6 billion increase from 2019. The surging popularity of the plant is running parallel to the move towards legalized cannabis. With the removal of hemp from the CSA controlled substance list, and as ever more jurisdictions broadly legalize cannabis products (with New York being the latest), some financial institutions are finding it more compelling to “go green.”
The Bankruptcy Court for the District of Colorado has issued another decision with ramifications for debtors in the cannabis industry by dismissing the chapter 11 cases of United Cannabis Corporation (UCANN) following assertions that UCANN was not merely a producer of hemp-CBD products but also involved in the marijuana industry. Continue Reading Colorado Court Denies Bankruptcy Relief for Debtors With Ties to Marijuana Industry
The US Hemp Production Handbook offers a high-level, concise overview of the basic rules and regulations for producing hemp in the United States. Continue Reading The US Hemp Production Handbook
In this inaugural article we will introduce each type of intellectual property protection and set out some preliminary questions raised by the legalization of hemp. In the series of posts which follow, we will explore the answers to those questions and continually update those answers as the hemp and CBD regulatory and legal landscape continues to evolve.
The hemp industry is growing on a global scale with many private equity groups, investors, venture capitalists, industry leaders, and established corporations seeking to take advantage of consumer and commercial opportunities in this industry. However, many hemp producers, investors, and corporations alike worry about complying with the hemp regulations since there is an inconsistent patchwork at the state and local level and complex, evolving federal regulations. Continue Reading Consequences of Producing Non-Compliant Hemp
Welcome to Cultivate, a DLA Piper blog focusing on critical legal issues affecting the nascent hemp and CBD industry. Continue Reading Welcome to Cultivate!
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The Litigation Tracker will track the status of key cases across multiple legal domains — such as securities enforcement, product liability, and intellectual property — so you know where courts stand on hot topic issues.