Cannabis companies are subject to both state and federal employment laws and regulations. Certain employment laws only kick in once your cannabis business employs a certain number of employees. This post will the first in a series to explore when different employment laws take effect, relative to the size of your workforce. Today’s post focuses on California’s Sexual Harassment Requirements.
As we have discussed in the past, sexual harassment policies and trainings are very important for every cannabis business. California’s anti-discrimination and harassment statutes and implementing rules are some of the most comprehensive in the country. California has strict anti-harassment requirements and is one of the few states that requires certain private sector employers provide sexual harassment training for managers and supervisors. The anti-discrimination and harassment statute has different requirements depending on the size of the employee workforce.
California’s Fair Employment and Housing Act (“the Act”) requires all California employers to take reasonable steps to prevent discrimination and harassment from occurring. This requirement means that employers have to: 1) distribute the Department of Fair Employment and Housing’s brochure on sexual harassment (or a writing that complies with statutory requirements); 2) post an anti-discrimination poster and; 3) develop and distribute a written harassment, discrimination, and retaliation prevention policy. The requirements of the anti-harassment and discrimination policy are …
As of May 1, the City of San Luis Obispo is one step closer to permitting adult-use cannabis retail stores. At its most recent meeting, council members approved the first reading of a draft ordinance intended to regulate marijuana businesses. Currently, Ordinance 1633 which was adopted in March 2017, expressly prohibits all commercial and industrial, medical and recreational cannabis activity within city limits.
Pursuant to Ordinance 1633, the Council directed staff to monitor developments in other jurisdictions, monitor development at the federal level, engage with the community regarding various land use and taxation issues, and return to the City Council with a recommendation. We now have those recommendations, which would establish new Municipal Code provisions that would become effective if a cannabis revenue measure is placed on the November 2018 General Election ballot and approved by voters.
Specifically, staff recommended “repealing the current ban on commercial cannabis business activity and establishing standards to protect public health and safety regulating personal cannabis cultivation, cannabis business operators, and permitted cannabis business activities in the City.” Staff also recommended land use regulations for commercial cannabis activity and personal cultivation and provided for the creation of overlay zones where the proposed regulations would apply.
Before regulations are adopted, though, staff will still need to return to City Council with additional implementing measures, including …
As drug legalization spread, banks are often reluctant to process payments for marijuana companies. The main reason as so long as drugs are illegal under the federal government of the US, major payment processors such as Mastercard, Visa, PayPal, among others will not process those transactions. Marijuana vendors are then forced to either credit unions […]
Now you can add one more method to the growing list of choices: CBD pills. One of the major benefits of CBD pills (as we’ll discuss at length below) is that they’re discreet. Have you ever noticed that pretty much everyone takes a pill of one kind or another? Getting your CBD in pill form means you’ll blend right in.
But what are the other benefits of CBD pills? How can you use them? And are there any side effects? The experts at Honest Marijuana tell you everything you need to know about one of the newest forms of CBD medication.
CBD Pills: Uses
CBD pills—and the cannabidiol (CBD) they contain—can be used to treat a wide variety of ailments and disorders. Here are just a few of the main uses for CBD pills.
1) Reduce Pain & Inflammation
CBD acts on the vanilloid receptors in your brain. These receptors regulate pain perception and inflammation throughout your body. So when CBD triggers the vanilloid receptors, pain and inflammation go down. This makes CBD pills a possible …
Honey is awesome! It’s got a long list of health benefits, and it tastes good to boot. There are very few natural, edible options that pack the same punch. High-CBD cannabis is the other one that comes to mind.
As great as those two things are separately, just imagine what they could do together. It’s unlike anything the world has seen since Milton Hershey combined peanut butter and chocolate. Yeah, CBD honey is just that good.
But how should you use CBD honey to get the most benefits? The experts at Honest Marijuana show you 22 ways to use your liquid gold for health and happiness. We’ll even show you a quick and easy way to make your own CBD honey in case your local dispensary doesn’t have any in stock.
For organizational purposes, we’ve divided the list into two categories:
Topical & Medicinal Uses
We did this because CBD honey is more than just a tasty treat. You can also use it on your skin or mix it with one or two other ingredients to relieve various ailments. So if you’re looking for the Swiss Army Knife of the food world, check out our list of 22 ways to use CBD honey.
Back in December, we wrote about Murphy v. NCAA (“Murphy”), a case where the State of New Jersey challenged a federal law that bans states from allowing sports gambling. We explained that this case has important implications for state-legal marijuana programs, because it asks whether the Constitution’s anti-commandeering doctrine prevents the federal government from forcing states to ban certain activities. The case took a long and winding path, but on Monday, the U.S. Supreme Court ruled by an impressive 7-2 margin that federal prohibition did not preempt the state’s gambling laws. This is great news for cannabis.
We have argued on this blog that applicable law prohibits the feds from shutting down state cannabis programs. In support of this argument, we have observed that the Tenth Amendment (the source of the anti-commandeering doctrine), coupled with the express, anti-preemption language of the federal Controlled Substances Act, grants the states ample authority to run cannabis programs. Given the precedent established in Murphyon Monday, it is hard to imagine any other outcome if the feds were attempt to enjoin (shut down) a state licensing program for marijuana.
In reaching its opinion, the majority acknowledged that the question of whether to legalize sports gambling “is a controversial one” that “requires an important policy choice.” But …
Inflammation can be treated in a number of ways. Those suffering from it have no doubt tried the mainstream methods, from over-the-counter ointments to prescription medications. Cannabis oil is a different kind of treatment method available for patients with an authorization. Here’s how this oil works to reduce pain associated with inflammation.
We have been counting down the days until this Thursday at 12pm PST, when Harris Bricken will present a free, lunch-hour webinar entitled “Intellectual Property in the Cannabis Industry.” Registrations for this webinar have been impressive to date, and we expect the number to continue to surge in the next 48 hours.
Protecting and monetizing intellectual property (IP) in the cannabis industry is an important but challenging step for most businesses. The market is highly dynamic and competitive, and in addition to state and local rules, federal law creates an unusual environment. Several cannabis businesses have established significant market share through the creation and leveraging of intellectual property. Others have been served demand letters or lawsuits because their branding allegedly infringes upon existing protected IP – whether owned by cannabis businesses or non-cannabis businesses. As a corporate cannabis law firm serving the marijuana industry since 2010, we have seen just about every possible scenario.
This webinar is designed to help you gain a high-level understanding of cannabis IP and how to use it. Vince Sliwoski will moderate a discussion by intellectual property attorneys Alison Malsbury, John Mansfield, and Mike Atkins, who will provide a detailed overview of what you need to know to protect your cannabis brand. The attorneys will cover topics such as the following:
Discovered by Gaoni and Mechoulam in 1964, CBG or cannabigerol is one of the cannabinoids exclusively produced by the cannabis plant, which is stored in the trichome heads with the rest of cannabinoids and terpenes. While the CBG content in most plants is often low or very low – in most cases lower than 1% – this particular compound is crucial for cannabinoid synthesis, as we have known for the past 4 decades ( (Shoyama, Yagi and Nishioka, Phytochemistry Journal, October 1975). As a general rule, hemp contains higher amounts of CBG than commercial, narcotic cannabis strains.
CBG is a non-psychoactive phytocannabinoid, which means it is produced by plants and does not “get you high”. It is believed that it has multiple medicinal properties which can be used to treat different conditions, and is also precursor – its acid form, to be exact – to the main cannabinoids (THCA, CBDA, CBCA) secreted in the trichome heads, which in turn explains the low percentage of CBG found in mature plants when compared to their THC or CBD content.
CBG (cannabigerol) molecule
CBG and the synthesis of cannabinoids
Cannabinoid synthesis in marijuana plants starts with the production of cannabigerolic …
One of the most important elements of a commercial tenancy is insurance. Generally, the landlord maintains property insurance for damage to the building, existing improvements, and surrounding property, as well as liability insurance for bodily injury and property damage occurring on the premises. The landlord will typically pass the cost of that coverage on to the tenant as an operating expense, proportionally according to the tenant’s share of space in the building. The tenant will typically be required under the lease to carry, at its own expense, property insurance on all tenant improvements and tenant personal property, as well as its own liability policy covering injury and property damage occurring on the premises.
Because marijuana remains a Schedule I controlled substance that is federally illegal to produce or sell, most traditional insurance companies have declined to write insurance policies for the commercial cannabis industry. This relates to the federal illegality or marijuana itself, and also the increased risk associated with commercial cannabis as a result of such illegality, e.g. increased rate of loss from theft or burglary. As a result, landlords and tenants alike have often had to look to non-admitted carriers or surplus lines insurers to write a rider on a policy to cover cannabis activity. Such coverage is often extremely …
Arthritis is just one way to refer to rheumatic diseases that wreak havoc on the body, causing swelling, pain, and inflammation around different joints. Marijuana is a beneficial alternative for combatting joint pain. Here’s why.
An issue we’ve seen with increasing frequency among clients and prospective clients alike is a misunderstanding of the basic requirements for obtaining federal trademark protection in the United States. We’ve worked through the issues surrounding federal registration of cannabis and cannabis-goods before, and it is common practice in the cannabis industry to obtain federal trademark protection for ancillary goods and services that do not violate the Controlled Substances Act. But the key to obtaining such trademark protection is that you must either be using the applied-for mark in commerce, or you must have a “bona fide intent” to do so. This post will explore what exactly it means to have a bona fide intent to use a mark in commerce, and what level of proof will be required to substantiate it.
A common scenario is that a cannabis business owner thinks of a name that sounds great–one they would ideally like to use on their cannabis goods and services–but they know they can’t obtain federal trademark protection for anything that is federally illegal. So, they start brainstorming similar goods and services for which they could register, oftentimes looking to large, established companies’ trademark registrations for inspiration. The problem, however, is that the cannabis company often does not have a plan in place for actually selling those goods or services. This …
On June 7, our own Vince Sliwoski will chair an all-day continuing legal education (CLE) event called The Business of Marijuana in Oregon, along with Jesse Sweet, a lawyer and senior policy analyst at the Oregon Liquor Control Commission (OLCC). This will be Vince’s fourth year presenting at the event and his third year as chair. The roster of speakers lined up for this CLE is better than any year to date, and everyone, including non-lawyers, would be well served to attend. For a full event description, including topics, speakers and registration links, click here.
Looking back over the past four years, it is amazing to see how much things have changed in Oregon cannabis. At this point, the OLCC’s recreational marijuana program is fully built out, with over 3,400 applicants now on file with the state. We are proud to call many of these Oregon producers, processors, wholesalers and retailers our clients, alongside the many investors and ancillary service providers we represent.
Sometimes, it is said that pioneers get slaughtered and settlers get rich. Now that the Oregon regulatory groundwork has stabilized, we have begun to see a second wave of entrepreneurs and investors move in on the local industry. Many of these new entrants bring skills, capital and experience from other regulated markets, while others are …
Ever since the passage of the Medicinal and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA”), the California legislature has been busy debating and amending a wide variety of laws related to cannabis. We have been tracking these developments so you don’t have to. Below is an update on pending California cannabis legislation.
AB 2914 loosens the protections on alcohol and tobacco retailers and no longer prohibits those retailers from being able to apply for and obtain a commercial cannabis license. However, AB 2914 will continue to prohibit the infusion of cannabis and alcohol products. This bill was introduced on February 16, 2018 and was amended in assembly on May 1, 2018.
AB 2255 prohibits a law enforcement officer from being able to seize cannabis and cannabis products from licensed distributors who are in violation of MAUCRSA. If a licensed distributor is transporting cannabis in excess of what is stated on its shipping manifest, they will be issued a fine depending on whether this is a first, second, or additional violation. However, a law enforcement officer may still seize cannabis or cannabis products if the law enforcement officer has probable cause to believe a criminal violation has occurred. The bill clarifies that if a shipping manifest has been counterfeited, this would amount to a criminal violation. This bill was introduced on …
Want a quick, easy, and healthy way to consume the cannabis you need? Give vaping a try! But don’t just rush out and buy the first box that says “vape” on it. You may not be getting the right product.
That’s because the temperature at which you “burn” your marijuana is almost as important as the strain you choose. But don’t worry—the experts at Honest Marijuana have created a vaping temperature chart so you can make sure you’re always getting exactly what you need.
Along the way, we’ll also talk about:
How temperature affects cannabinoids
Why vape gear operates at lower temperatures
How to adjust temperature for specific effects
We’ll also give you some general guidelines for vaping and suggest an ideal temperature for your vaping experience.
But before we get to our vaping temperature chart and all those other goodies, let’s discuss the chemical makeup of cannabis. That way, you’ll know what’s going on inside your joint, bong, steamroller, or dab rig.
Cannabis And Cannabinoids
Cannabis is made up of 113 different chemical compounds called cannabinoids. Cannabinoids can occur in different concentrations based on the specific strain and how it’s grown.
As we discussed last week, the US Court of Appeals for the 9th Circuit in Hemp Industries Assn. et.al., vs. U.S. Drug Enforcement Admin.,upheld the Drug Enforcement Administration’s (DEA) broad rule creating a separate classification for “Marijuana Extracts.” Marijuana Extracts are broadly defined as “any extract containing one or more cannabinoids that has been derived from any plant of the genus Cannabis”. The ruling received an extraordinary amount of press, but lost in all of this breathless reportage was a very important point for a certain class of hemp businesses: The Court explicitly stated that the 2014 Farm Bill (“Farm Bill”) preempts the federal Controlled Substances Act (CSA). Accordingly, expenses incurred through an activity conducted strictly within the parameters of the Farm Bill arguably are not subject to IRC §280E.
Businesses that are operating outside the narrow parameters of Section 7606 of the Farm Bill, however, whether trading in hemp or any derivative product, will have to deal with IRC §280E. As a refresher, the Farm Bill allows a state to grow “Industrial Hemp” if it has implemented an official agricultural pilot program. These pilot programs, generally administered through state Departments of Agriculture, issue licenses or permits to businesses and individuals, allowing the cultivation …
Licensed producers provide patients a legal way of filling their medical cannabis authorization. They have a unique set of rules that allows them to grow and sell this drug within Canada. If you’re a new user of this authorization, keep reading to understand who licensed producers are and how they work.
The history of this North American cannabis seed company Brothers Grimm is quite uncommon, especially if we take into account the huge success of their strains since they were first introduced in the market in 1996. Indeed, and before their withdrawal from the seed market in 2002, some of their genetics had already become true classics in the cannabis scene, with names that will surely sound familiar to you: Cinderella 99, Apollo 13, Killer Queen or Rosetta Stone just to name a few. Over time, this varieties have also become the baselines for many other hybrids from breeders across the globe.
Brothers Grimm Seeds, living history of cannabis breeding
The number of awards won by both Brothers Grimm Seeds varieties and other strains developed from their genetics is simply astounding. But, how did it all started? Let’s take a look now at the origins of this company, their flagship genetics and, of course, the exclusive interview with MrSoul!
Origins of Brothers Grimm Seeds
It all started when MrSoul – one of the founders of the company – contacted the dutch seed bank Super Sativa Seed Club in 1987. Soon after, he was already distributing their seeds throughout the American territory. The access to new and amazing genetics, as well as his knowledge on engineering (he had studied nuclear engineering …
Passage of California’s Medicinal and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA“) has opened the doors to institutional investing in California cannabis companies. California’s lack of a residency requirement for investors and its relatively limited investor disclosure and background requirements have made it popular for institutional investors looking to invest in cannabis. In that sense, California is building out its program to mirror wide-open states like Oregon, and not protective states like Washington.
There are two main types of California cannabis applicants: owners and financial interest holders. To be legally considered an “owner” under California’s cannabis regulations, one does not actually need equity in the applicant’s cannabis business. “Owner” means any of the following:
A person with an aggregate ownership interest of 20 percent or more in the person applying for a license or a licensee, unless the interest is solely a security, lien, encumbrance;
the chief executive officer of a nonprofit or other entity;
a member of the board of directors of a nonprofit; and
and any individual who will be participating in the direction, control, or management of the person applying for a license.
An individual who directs, controls, or manages the business includes any of the following: a partner of a commercial cannabis business that is organized as a partnership; a member of a limited …
Our own Hilary Bricken will have the great pleasure of speaking at the Central Coast Wine and Weed Symposium (presented by the Wine Industry Network) tomorrow, May 10, in San Louis Obispo. While the Symposium will focus on a variety of topics covering the cross section of the wine and cannabis industries, Hilary’s panel will specifically cover “Wineries & Cannabis: What You Can & Can’t Do” in regards to the Medicinal and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA”) and its corresponding emergency rules.
The breakdown of Hilary’s panel is as follows:
On January 1st, California finally kicked it off its newly regulated adult use and medical cannabis markets, creating a plethora of business opportunities, some of which will undoubtedly impact the wine industry, both positively and negatively. However, acquiring state licenses and local approval to operate within the confines of the law can be challenging, costly and confusing, as state regulations and tax policies remain a work in progress and local commercial cannabis ordinances are different from one county and city to the next. In addition, with three separate state agencies taking on the comprehensive regulation of all kinds of cannabis businesses, understanding regulations across agencies is of the utmost importance to would-be cannabis entrepreneurs.
This interactive session, featuring leading cannabis legal experts, will address questions regarding what’s permitted
The use of medical cannabis to treat ailments and the symptoms of a large number of diseases is becoming increasingly common, as are the many users who testify to its effectiveness compared to the so-called “synthetic drugs”. While sometimes the use pharmaceutical medicines may be essential, we are increasingly more aware of the medicinal properties of cannabinoids and terpenes and how to use them, either to alleviate the symptoms caused by the disease itself, or to mitigate possible adverse effects of medications or treatments.
One condition for which cannabis seems to be of great help is endometriosis, a chronic disease estimated to affect more than 170 million women worldwide, and one that in many cases goes undiagnosed. This past March was the Endometriosis Awareness Month, a global initiative aiming to raise awareness of this problem and encourage governments and organisations to actively fight against this disease.
Cannabis can alleviate many of the symptoms of endometriosis
What is endometriosis?
As we saw in our article on cannabis and menstruation, each month women lose endometrial tissue during their period, the tissue that normally envelops the uterus. Endometriosis is a gynaecological disease in which said tissue (endometrium) also grows in other internal areas of the body such as the ovaries, fallopian tubes or intestines. We can define it as …
Equal pay legislation is sweeping the country. Oregon,Washington, and California all have equal pay legislation on the books that directly affects cannabis businesses. These equal pay laws require employers to pay employees the same amount for substantially similar work and prohibit employers from basing salaries on employee’s sex. Oregon and California’s laws, in specific, prohibit employers from asking applicants about their past salaries. With the cannabis industry growing so quickly, it is only a matter of time before employers start tripping on these new laws.
Following the trend of these state laws, a recent 9th Circuit Court of Appeals decision similarly expanded the federal Equal Pay Act to prohibit employers from basing an employee’s pay on past salaries and likely prohibit employers from asking about past salaries. This decision applies to businesses, included, licensed cannabis businesses, in California, Washington, Nevada, Arizona, Oregon, Alaska, Hawaii, Idaho, and Montana. The ruling is especially significant in California and Oregon because employers can now be in violation of both the state law prohibiting questions about past salary and the federal Equal Pay Act.
The 9th Circuit’s decision comes from a case called Rizo v. Yovino. The plaintiff, Aileen Rizo, was hired by Fresno …
If you’ve been following the state of affairs of commercial cannabis licensing in California, you know that it really is a tale of two cities (or counties). Both the Medicinal Cannabis Regulation and Safety Act (passed by the California state legislature in 2015) and the Adult Use of Marijuana Act (passed as a ballot measure by a majority of Californians in November of 2016) granted absolute discretion to local jurisdictions in determining how they wanted to regulate commercial cannabis activities. This deference to local jurisdictions was included in Senate Bill 94 (a/k/a the Medicinal and Adult Use Cannabis Regulation and Safety Act), which merged California’s medical and adult-use cannabis regulations under one regulatory regime. Although granting local jurisdictions the authority to regulate cannabis businesses was a necessary concession to get statewide cannabis legislation passed, in practice it’s the local jurisdictions that have been a significant impediment to bringing cannabis operators into the regulated market (which we’ve covered here and here).
Very few of California’s 482 cities and 58 counties are allowing medicinal and adult-use commercial cannabis activities within their borders. Instead of seeing cannabis businesses operating evenly throughout the state, what we’re seeing is an undue concentration in just a select few jurisdictions. The fact that so many California jurisdictions have outright commercial cannabis bans in place is forcing …
Independent contractors can come in very handy for a cannabis business. They may be useful for everything from developing product lines to infrastructure build-out. As a legal matter, correctly classifying workers associated with cannabis businesses as either an independent contractor or an employee is extremely important. Misclassifying an employee as an independent contractor can come with hefty civil penalties for failure to pay payroll taxes, unemployment insurance, and other state mandated benefits. Willful misclassification of workers even comes with criminal liability in some states.
California’s Supreme Court recently issued a ruling that will make it much more difficult for companies to classify workers as independent contractors in that state. InDynamex Operations West Inc.,v. The Superior Court of Los Angeles County, delivery drivers that had been classified as independent contractors filed a class action lawsuit against Dynamex for violations of California wage orders and misclassification. The Supreme Court, in a sweeping decision, eliminated the complex, ten-factor test that was used to determine if a worker was an independent contractor or an employee. The Supreme Court in Dynamex set a new, much simpler, standard. Workers are presumed to be employees of the company unless the employer can establish:
“That the worker is free from the control and direction of the hirer in connection with the
Everyone knows the Netherlands (especially the City of Amsterdam) as a pot capital of the world. Ironically, cannabis sales in the Netherlands are illegal. The country has decriminalized its use and possession to a certain extent, but law enforcement may impose a fine or misdemeanor upon a person in possession of marijuana-based drugs. However, the government has made it clear that prosecution of cannabis possession, in particular, is the lowest enforcement priority and there will likely never be a criminal investigation over cannabis prosecution.
Because of this, cannabis coffee-shops (i.e., retailers) have proliferated in the Netherlands. The government allows cannabis coffee-shops to sell cannabis to anyone as long as they follow certain regulations. Specifically, coffee-shops are not allowed to: (1) advertise, (2) trade in hard drugs, (3) sell drugs to minors, or (4) sell drugs in quantities of more than 30 grams. They are also responsible for preventing any public disturbance or nuisance.
If you were hoping for some clarity as to the legality of industrial hemp and cannabidiol (CBD) derived from industrial hemp, I have some (mostly) bad news.
On Monday, the US Court of Appeals for the Ninth Circuit denied a lawsuit challenging the Drug Enforcement Administration’s (DEA) controversial Marihuana Extracts Rule. In Hemp Industries Assoc. v. DEA, the petitioners and other industry groups challenged the DEA’s rule creating a new drug code number for “”Marihuana Extracts” which is defined to include any extract “containing one or more cannabinoids that has been derived from any plant of the genus Cannabis.” This rule is so broadly drafted that it seems to prohibit extracts from parts of the cannabis plant that are legal or at least unregulated under federal law. Petitioners requested the Court clarify or strike down the DEA’s land-grab rule.
The Court denied both requests. Rather than diving into the substance of petitioners complaint, the Court dismissed the action on largely procedural grounds, as we recently predicted it would. First, the court pointed to the fact that petitioners failed to make an argument to the DEA while it was accepting comments on the Marihuana Extract Rule and are therefore barred from raising those issues before the Court. Petitioners claimed that …
The so-called entourage effect (sometimes referred to as the ensemble effect) is a term used for the first time in a study on the interaction between various compounds present in cannabis, published in the July 1998 issue of the European Journal of Pharmacology. This text (An entourage effect: inactive endogenous fatty acid glycerol esters enhance 2-arachidonoyl-glycerol cannabinoid activity) was written by researchers and scientists including Professor Raphael Mechoulam and Shimon Ben-Shabat among others, and demonstrates the increase in activity of a given cannabinoid thanks to the presence of another compound, in this case the esters of a fatty acid. However, as research has progressed over the years, this term has been coined to refer to the interaction, or synergy between the various cannabinoids, terpenes and flavonoids present in the plant that define the effects of cannabis.
Cannabinoids, terpenes and other compounds act in synergy (Photo: Don Goofy )
In short, and as we will see in more detail below, it is a principle whereby the association between the different compounds present in cannabis can enhance (or mitigate) the effect of each one of them, in many cases improving the results given when administering isolated cannabinoids. A classic example of this is found in the potentiation of the effects of phytocannabinoids when THC and …
Lorenz Houston, marketing manager for the dispensary chain Diego Pellicer, joins us in the studio to talk about trends he sees in the industry, how to kickstart a career in cannabis, smoking in public, and much more.
Last week it was announced that Former Speaker of the House John Boehner and Former Governor of Massachusetts William Weld would be joining the Board of Directors of a multi-state cannabis company, Acreage Holdings.
First, it’s worth noting the significance of John Boehner–once third-in-line for the US Presidency–taking such a position in a marijuana company. Under California regulations, John Boehner would be considered an owner of the company. If you’re reading the tea leaves, this is as strong an indication as any that those in the know don’t foresee any sort of federal crackdown; instead, they see a path to federal legalization. This was one of a series of encouraging events over the past few weeks, including the McConnell hemp bill, the Schumer decriminalization bill announcement, and the Trump assurance to Cory Gardner that the feds will respect the states’ rights to regulate cannabis. All positive developments, and primarily from the Republican Party that is generally more anti-cannabis.
But returning to the Boehner’s joining the Board at a cannabis company. Why did Acreage want Boehner on its Board? Consider the following possibilities:
Great Public Relations for Acreage Holdings
A sign to investors as to the safety of their funds
Boehner’s connections to, and influence with, government regulators
Boehner’s connections to, and influence with, capital