The proliferation of cannabis-related businesses in states that have legalized marijuana – medical and/or recreational – has sparked a foreboding trend in the courts. Opponents have sought to use the heavy weapon of RICO, the federal Racketeer Influenced and Corrupt Organizations Act, to prevent or close such facilities. Although these efforts to target cannabis-related businesses with the a statute originally designed to fight organized crime have so far failed, cannabis-related businesses are not yet in the clear and the specter of RICO liability remains.
Minister of Ministry of Industry, Commerce, Agriculture and Fisheries, Audley Shaw, recently lauded Cannabis company, Jacana, for making a multi-million-dollar investment in the cannabis industry as the first local entity to export cannabis flowers from Jamaica.
Welcome to Issue 12 of the quarterly online Cannabis Law Journal where we collect the best articles submitted to us and written by legal professionals covering the ever growing world of regulated cannabis. When we published our first issue back in June 2016 only Oregon, Washington & Colorado had…
Although the growth and production of industrial hemp was recently heavily regulated by the federal government, the U.S. Patent and Trademark Office is actively reviewing and granting patents related to industrial hemp technology. In fact, the U.S. Department of Health obtained a utility patent relating to potential use of non-psychoactive properties of the cannabis plant to protect the brain from damage or degeneration caused by certain diseases.
Even when the government has fully regulated and legitimated the cannabis industry, from administrative licenses for the cultivation and processing of psychoactive and non-psychoactive cannabis, to sanitary matters for the commercialization of cannabis derived products, unfortunately, financial institutions, and particularly banks, are still coming up with obstacles for cannabis companies to acquire financial services.