Tag Archives: David Feldman

Why the Trend of Going Public in Canada May be Ending

Greenlane Holdings, Inc., a U.S. vape distributor, went public on the Nasdaq in April. Greenlane is the first U.S. cannabis company to obtain a Nasdaq listing and may well bode the beginning of the end of the prior trend of U.S. companies going public in Canada, where cannabis is federally legal. The New York Stock Exchange also recently reversed its prior ban on listing U.S. pot companies by allowing the name and symbol change for Kathy Ireland’s company, formerly known as Level Brands, Inc. The company changed its name to cbdMD with the new symbol YCBD, reflecting its change to primarily a CBD company. The NYSE also reversed its own initial delisting decision on India Globalization, now a CBD company as well, back in February. (As we know, cannabidiol, or CBD, derived from the cannabis plant, is believed to contain much of the plant’s medical benefit without the psychoactive “getting high” features of THC).

A number of U.S. cannabis companies decided to go public in Canada in the last few years, mainly under the belief that fundraising would be easier there and the company’s valuation in trading would fare better than if they traded only in the U.S. over the counter markets. Canada’s senior exchange, the Toronto Stock Exchange, had declined to list U.S. companies, so they trade on its lower exchange known as the Canadian Securities Exchange or CSE.

To read the full text of this article written by Duane Morris attorney David Feldman, please visit the Green Entrepreneur website.

Duane Morris Cannabis Industry Group Ranked as a National Leader by Chambers and Partners

Duane Morris congratulates our Cannabis Industry Group on being ranked as a National Leader in Cannabis Law by Chambers and Partners.

Seth Goldberg
Seth A. Goldberg
David Feldman
David Feldman

Seth Goldberg and David Feldman are also ranked as national leading attorneys in Cannabis Law.

Continue reading Duane Morris Cannabis Industry Group Ranked as a National Leader by Chambers and Partners

Why Social Justice Matters in the Cannabis Debate

David FeldmanThe centuries of enslaving people of color and the overwhelming racism against and systemic mistreatment of Mexicans and other Hispanics in this country were and in many respects to this day remain horrid and indefensible. This has been no more apparent than in the U.S. “War on Drugs.” We can recount at length the original criminalization of cannabis in the 1930s and again in 1970 as almost purely racist, political and economic. It was a way, among other things, to lock up Mexicans and blacks and stop their efforts to hurt opposition candidates or take jobs away from “real” Americans. Leaders from those times have all but, and in some cases directly, admitted as much.

To read the full text of this column by Duane Morris partner David Feldman, please visit the HoneySuckle website.

Is Cannabis Media Coverage Fair and Balanced?

With many billions of dollars of business and tax revenue and many jobs at stake, as well as an emerging national debate about legalization, the U.S. cannabis industry has received quite a bit of media coverage. This has been especially true since Colorado and Washington were the first U.S. states to legalize cannabis adult use in 2012, and has morphed into a crescendo of content since California fully legalized in January 2018. And yes, in many cases, in today’s super-competitive world of selling words, at times it seems more about the punny headlines than the substance underneath.

To read the full text of this column by Duane Morris partner David Feldman, please visit the Green Entrepreneur website.

Who Will be the Winners and Losers When Federal Cannabis Prohibition Ends?

Most analysts are predicting no longer whether, but when, cannabis will become federally legal for adult use in the United States, as it has in Canada, Uruguay and a few other countries, with others such as Mexico expected to soon follow. It may come in the form of the government itself removing cannabis as a scheduled drug under the Controlled Substances Act (CSA). It may come in the form of the current STATES Act pending in Congress, which would remove state-legal compliance from being subject to the CSA, or through other Congressional action. It may come through court action, such as the current constitutional challenge to the CSA as it applies to cannabis, whose initial dismissal was recently argued on appeal.

To read the full text of this article by Duane Morris partner David Feldman, please visit the Green Entrepreneur website.

Meet the Duane Morris Lawyers Who Are Working on Some of the Biggest Deals in the Booming Marijuana Industry

With the rapid spread of marijuana legalization in the US, lawyers are discovering that the tangled web of regulations guiding the rapidly growing industry is a boon for business. …

There are several key reasons lawyers are attracted to the marijuana industry. For one, as cannabis companies grow, merge, and start getting the attention of Fortune 500 corporations as acquisition targets, they need more sophisticated advice on financing, tax planning, corporate structure, and M&A. …

That’s an opportunity to a select group of lawyers who have cut a trailblazing path into the industry. Once reluctant, some of the biggest law firms, like Duane Morris, Baker Botts and Dentons, are building out specialized cannabis practice groups as the industry continues to grow in profitability and complexity. …

Business Insider has pulled together a list of the top lawyers who’ve worked on the largest deals in the past year in the growing marijuana industry.


Seth GoldbergDavid FeldmanJen FisherNeeraj Kumar: Duane Morris

Firm: Duane Morris

Location: Philadelphia, New York, and San Francisco

Duane Morris has staked out big territory: It’s one of the few AmLaw 100 firms marketing its cannabis practice group, said Neeraj Kumar, an associate at the firm who works on cannabis issues.

“This is a very good opportunity for our firm,” said Seth Goldberg, the chair of the firm’s practice in Philadelphia. Cannabis is one of the “few emerging markets that has multibillion-dollar potential.”

Goldberg, a seasoned trial lawyer with decades of experience, said he spearheaded the firm’s involvement in the industry in 2014 after Colorado became the first state to allow recreational pot shops.

And for Kumar, the opportunity to become an expert in a field where there’s “a new development every week” was something he couldn’t turn down.

Duane Morris represented iAnthus, a US cannabis company, in its $640 million merger with MPX Bioceutical, also the first public-to-public transaction in the US cannabis industry. Further, the firm has advised investors on real-estate acquisitions.

For more information, visit the Business Insider website.

Duane Morris Partners Named Cannabis Law Trailblazers

Congratulations to Duane Morris partners Seth A. GoldbergChristiane Schuman Campbell and David N. Feldman, who were recently named Cannabis Law Trailblazers by National Law Journal.

The inaugural list honors individuals “who are involved in all areas of cannabis law from helping regulate the marketing to providing licensing to new companies.” Duane Morris is one of only three Am Law 100 firms represented on the list.

To read the full press release, please visit the Duane Morris website.