Marijuana legalization – The Legal Ins and Outs For Cannabis Business Clients
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Transcript of Marijuana legalization – The Legal Ins and Outs For Cannabis Business Clients
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HILARY V. BRICKEN
MARIJUANA LEGALIZATION, REGULATION, BUSINESS LAW, AND INDUSTRY ISSUES
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Federal vs. State Conflict - Federal pre-emption
- The Supremacy Clause - The Commerce Clause - Gonzales v. Raich
Bottom line
THE FEDS TRUMP ALL (for now)
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Federal memos
- What do the memos mean? - Yellow light for States’ rights?
- Ogden memo 2009 - Cole memo 2011 - Cole memo 2013
+ “The Great Eight”
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Federal Enforcement
- Do the Federal memos matter? - U.S. Attorneys have prosecutorial discretion - Lack of uniformity in enforcement - Raids versus “Landlord letters.”
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Banking Woes - Why can’t dispensaries get bank accounts?
+ Money laundering + Anti-Secrecy Act + Controlled Substances Act (conspiracy) + No third-party processing
- How do some dispensaries have bank accounts? - What’s the solution?
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The Tax Man Cometh - Will the IRS treat marijuana businesses like other
businesses?
+ 26 U.S. Code Section 280E – Expenditures in connection with illegal sale of drugs
- C.H.A.M.P - Olive (on appeal in the 9th circuit) - How to navigate 280e?
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Marijuana regulatory regimes - Recreational versus medical
- Dealing with the Feds - Typical barriers to entry:
+ Residency requirements + Liquidity requirements + Permits and licensing + Distance requirements + Real property requirements + Security
+ Traceability + Competency + Experience + Operational plans + Investment + State and local taxes + Dealing with multiple regulatory agencies
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Landlords: Tough Love - Landlords face liability from marijuana commercial tenants:
+ Civil asset forfeiture by the Feds + Tenant revolts + Mortgage foreclosure
- Make your lease marijuana-friendly: + Permitted Use should be clear + Addendums
> Loitering > Odor > Signage
+ Escape clauses
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DEALING WITH THE LOCALS: A MIXED BAG
Police powers allow cities and counties to regulate
Know the law even as it changes
Moratoria versus regulation
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NAVIGATING PUSHBACK FROM LOCALS
Federal prohibition emboldens cities to ban
Is it worth it to fight? Does your client have standing?
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- Federal trademarks. Good luck. - State trademarks. Sure. - Why does trademark matter?
+ National expansion. + Licensing. + Legitimization.
Marijuana Branding: The Power of Trademark
TM
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HILARY V. BRICKEN [email protected] 206.224.5657
+ cannalawgroup.com + cannalawblog.com
harrismoure.com