There were several outcomes of the inaugural New York Cannabis Control Board (CCB) Meeting held on October 5, 2021. The Meeting revealed that the CCB and the Office of Cannabis Management (OCM) will be increasing their staff and taking steps to extend the medical cannabis program and cannabinoid hemp licensing. Also during the Meeting, Jason Starr was announced and voted in as the Chief Equity Officer of the OCM. He will work with Executive Director Chris Alexander in building New York’s social equity program. Continue reading “Notes from New York Cannabis Control Board Meeting, October 2021”
Duane Morris partner Michael Schwamm will be a panelist at Arcview’s virtual event, Town Hall: Massachusetts, on October 14, 2021, at 1:00 p.m. PT/4:00 p.m. ET.
Massachusetts’ cannabis industry has surpassed $2B in sales, has issued 900+ licenses, and employed more than 16K people in less than three years. Find out what’s behind Massachusetts’s success and what comes next for the commonwealth’s cannabis industry.
For more information, please visit the event website.
The New York State Senate late Wednesday confirmed Governor Hochul’s appointments to lead the agencies that will regulate cannabis sales in New York, giving a major boost to the legalization process that had stalled under former Governor Cuomo.
Tremaine Wright was confirmed as chairperson of the Cannabis Control Board and Christopher Alexander was confirmed as the executive director of the new Office of Cannabis Management, which were formed as part of a bill that legalized recreational use of marijuana in New York this spring.
Duane Morris’ Cannabis Industry Group has been ranked in The Legal 500 US 2021 guide.
An excerpt from the publication:
Acting for central and ancillary cannabis industry clients, Duane Morris LLP stands out for its broad practice in the area, with regular activity in matters ranging from financings, M&A and joint ventures, to litigation, tax and regulatory issues. Publicly-traded companies, private funds, family offices and high-net worth individuals are among the team’s core clients.
Seth A. Goldberg is named a “Leading Lawyer” in the area.
- “My key contact is Michael Schwamm. His team is excellent and very knowledgeable regarding cannabis matters.”
- “Michael Schwamm is a leader in the group and provides excellent and prompt advice.”
For more information, please visit the firm website.
Duane Morris partner Jarret P. Hitchings authored the INSOL World journal article, “Is Chapter 15 Available to a Cannabis MSO? In the Face of Uncertainty, Tread Lightly.”
On 31 March 2021, the State of New York legalized the use, possession, and growth of cannabis by adults. Within the United States, cannabis is now legal in 16 states including Washington D.C., with legalization taking effect in two more states, Virginia and New Mexico, later this year. This state-level trend toward legalization in the United States continues even though cannabis remains illegal at the federal level. However, in Canada, cannabis has been legal at both the federal and provincial levels since 2018.
To read the full article, please visit the Duane Morris website.
Seth Goldberg, a partner and team leader at Philadelphia-based law firm Duane Morris‘ cannabis department, said PA’s program has remained stable during its three years of operation. He added that the state’s marijuana department has “worked out the administrative program kinks” to create a smooth-running program.
Goldberg highlighted achievements, including over 400,000 registered MMJ patients and soaring tax revenue, both of which help boost public support for the program.</blockquote?
To read the full text of the article, please visit the Benzinga website.
A video replay of the webinar “Big Money Meets Big Government: Greenlighting Mergers as State and Federal Regulators Step Up Scrutiny” is available to view.
By Michael Schwamm
The Cuomo administration and New York lawmakers will delay the confirmation of cannabis regulator appointments until a special session after the June primary, POLITICO’s Anna Gronewold and David Giambusso report. The nominees remain a mystery as the widely expected pick to lead the new Office of Cannabis Management, Cuomo’s cannabis czar Norman Birenbaum, apparently has fallen out of favor amid pushback from some advocates and lawmakers.
On June 8, Duane Morris partners Michael Schwamm and Tracy Gallegos joined The Arcview Group as part of its monthly Cannabis Talks Instagram Live Series. Join Michael and Tracy on the second Tuesday of every month at 2:30 p.m. Pacific/5:30 p.m. Eastern for a discussion on cannabis industry issues.
Duane Morris’ Cannabis Industry Group is honored to once again be recognized with the elite law firms and attorneys in the cannabis industry.
Cannabis Industry Group and Attorneys Nationally Recognized by Chambers USA
What the team is known for: Utilizes cannabis expertise on a nationwide basis and across a broad spectrum of practice areas, with practitioners specializing in IP, corporate transactions and regulatory advice within the sector. Offers expanded capabilities in the wake of the 2018 Farm Bill for clients trading in hemp and hemp-derived CBD products. Also boasts litigators able to handle contentious issues for producers and distributors across the industry.
Strengths: Clients describe Duane Morris as “a very well-regarded and respected firm in this space.” One client acknowledges its “deep bench with a lot of talent and experience in the cannabis industry.” Another adds: “The team as a whole is exceptionally knowledgeable. Its strengths include responsiveness and the ability to collaborate.”
Work highlights: Represented Glass House Group in its acquisition of Los Angeles-based cannabis concentrates manufacturer F/ELD Taste Matters.
Notable practitioners: Seth Goldberg boasts high-level experience advising cannabis businesses throughout their life cycle. “He’s a top-notch lawyer who really knows his stuff.” “He’s consistently responsive and knowledgeable.”
Tracy Gallegos has extensive experience in the cannabis sector. Her practice covers regulatory issues, including licensing, in addition to corporate structuring and transactions.
Seth Goldberg Named a Law Firm Innovator by The Legal Intelligencer
Seth Goldberg, partner and team lead of the Cannabis Industry Group, has been named a Law Firm Innovator in The Legal Intelligencer’s 2021 Professional Excellence Awards. The award honors lawyers “who push the envelope to build their businesses [and] think outside the box and have demonstrated an ability to distinguish their brands in a crowded market.”