Tag Archives: cannabis

Massachusetts Banks Open to Serving Recreational Cannabis Companies

GFA Federal Credit Union, a Massachusetts credit union with headquarters in Gardner, will become the first financial institution in the Commonwealth to serve the recreational cannabis industry by offering banking services to cannabis companies.  This represents a major step forward for companies in the Commonwealth’s burgeoning recreational cannabis industry, as previously most companies resorted to running cash-only operations without being able to offer customers the benefits of credit or debit purchases. … More

Crimson Galeria v. Healthy Pharms: update in commercial cannabis lawsuit

A recent decision in a closely-watched commercial cannabis case opens the possibility for increased commercial activity in the nascent recreational cannabis market in Massachusetts.  On August 21, Judge Burroughs of the U.S. District Court for the District of Massachusetts issued a memorandum and order on motions to dismiss in Crimson Galeria Limited Partnership, et al. v. Healthy Pharms, Inc., et al, granting a victory for the named government defendants (Massachusetts Department of Public Health,… More

Enforcing Federal Cannabis Laws: Summer 2018 Update

With July 1st in the rear-view mirror and provisional licenses spreading throughout the Commonwealth, we thought now would be a good time for an update on the status of federal law enforcement’s unenviable task of enforcing the federal prohibition against marijuana in a state that has decriminalized the drug.  First a quick history lesson: recall that in 2013, the Obama administration released the Cole memorandum, a document meant to provide guidance to federal law enforcement in those state jurisdictions that had decriminalized marijuana. … More

Cannabis Control Commission Update: Retail Licenses

Although the Massachusetts Cannabis Control Commission has begun awarding provisional, adult-use licenses to some entities in the Commonwealth as of July 1, only one retail license has been awarded and, to date, no retail stores have yet opened for business.  One large impediment to opening retail stores is the statutory requirement that all cannabis sold in the Commonwealth for adult use be tested by an independent testing laboratory, which itself must be licensed as such by the Commission. … More

U.S. Senate Votes to Legalize Hemp

The United States Senate voted last week to legalize hemp as part of a provision of the omnibus Farm Bill.  If signed into law, the measure would legalize the plant for growth and production across the country.  Senate Majority Leader Mitch McConnell (R-KY) noted in support of passage that “consumers across America buy hundreds of millions in retail products every year that contain hemp, but due to outdated federal regulations that do not sufficiently distinguish this industrial crop from its illicit cousin,… More

Marijuana Ad Rules Set In Massachusetts, But Federal Prohibition Creates Uncertainty

We posted in January about proposed regulations for advertising adult-use marijuana in Massachusetts once retail sales begin on July 1, 2018.  After a series of public meetings and more than 500 public comments, the Cannabis Control Commission (“Commission”) revised the draft and unanimously approved final regulations in early March.  This means that the rules of the road for advertising by “Marijuana Retailers” in Massachusetts are now set,… More

Cannabis Regulators Establish Ground Rules For Marijuana Advertising In Massachusetts

With the first retail sales of adult use marijuana slated to take place in just over five months, the Massachusetts Cannabis Control Commission (the “Commission”) is working overtime to regulate an industry that some project will exceed $1 billion in revenue by 2020.  As the July 1st target date for the opening of retail cannabis shops approaches, one area that will undoubtedly become the focus of much attention is the ability of retailers to market their wares. … More

CCC Releases Draft Regulations

The Cannabis Control Commission issued its draft use regulations for the adult-use market in late December and have asked for public comment by February 15 so that the regulations can be finalized and released to accept applications for licensure in early April.  As we have noted here before,  the CCC deserves credit for moving as quickly as they have and for keeping themselves on track to have dispensing of adult-use cannabis in July. … More

Upcoming Webinar: New Massachusetts Cannabis Law – What it Means

Governor Charlie Baker has recently signed a bill that substantially reworks the voter-approved 2016 referendum legalizing a regulated market for adult-use cannabis – and now licensing of adult use establishments is just eight short months away.

Join Foley Hoag on Thursday, August 17 at 12:30 PM EDT for a webinar that will examine the recent changes to the Massachusetts regulatory framework for both medical and adult use operators enacted by the Legislature in its omnibus cannabis legislation,… More