Higher Law: The States ACT on Marijuana | Who Got the Work | Plus: In the Weeds!
We've got some observations on that big marijuana legislation in Washington DC. And in who got the work—keep sending me your new stuff!—PharmaCann picks up a federal lobbyist, and a New Jersey law firm joins forces for a greater share of that state's growing marijuana business.
June 14, 2018 at 04:00 PM
4 minute read
Leave It to the STATES (Act)
A game changer Brian Vicente Vicente Sederberg, the STATES Act, Cory Gardner Sen. Elizabeth Warren Essentially, the bill would allow state-sanctioned cannabis businesses to operate without federal interference "probably" support the bill." >> Supporters of the bill say it would finally open bank doors to the marijuana industry.
Steve Fox >> Insurance access should open up, too. >> There's also the matter of getting the bill to Trump's desk. 
Who Got the Work
>> PharmaCann Great Point Strategies LLC, Secure and Fair Enforcement Banking Act of 2017 Polsinelli Teddy Scott Jeremy Unruh Eric Schmutz >> Brach Eichler Public Strategies Impact LLC law firm announced John Fanburg Curaleaf New Jersey NJ.com
In the Weeds...
- I know you're all devoted to Higher Law. (Thank you.) But it seems a lot of attorneys have turned to publishing blogs on the intersection of cannabis law and the lawyers who practice it. Massachusetts attorney Bob Ambrogi found 26 such blogs—and a lot more bad marijuana puns. [Above the Law]
- Meet Orrick counsel Brian Moran, the Trump administration's pick for Seattle U.S. attorney. Moran's newly released financial disclosure reveals a client list that is who's who of major U.S. companies. We'll watch for announcements on the marijuana-enforcement front. Assuming Moran gets confirmed. [The Recorder]
- Federal Reserve Chairman Jerome Powell says the state-federal conflict on marijuana puts federally chartered banks in a very difficult situation." In brief remarks to reporters Wednesday, Powell said "of course, our mandate has nothing to do with marijuana. So we would just love to see it clarified, I think." [cnbc.com]
- To drug test or not to drug test. That's the question Massachusetts employers are grappling with as the recreational marijuana market readies to open July 1. As we've seen before, in marijuana-legal states, there are a whole lot of unanswered questions about workplace liability, safety and competitiveness in a tight labor market. [The Boston Globe]
- Remember when Attorney General Jeff Sessions rescinded the Cole memo? It was just six months ago, but it feels like the marijuana political pendulum has swung the opposite way in that short time. Federal prosecutors have not cracked down on state-law-abiding operations, and Sessions' boss said he'll probably support congressional efforts to protect them. [The Wall Street Journal]
- New Jersey could allow as many as 218 marijuana dispensaries to open around the state under state legislation recently introduced. Northjersey.com points out that that's 14 more sites than the current number of Burger King locations in the Garden State. Recreational-use proponents, including Gov. Phil Murphy, are working toward a self-imposed June 30 deadline for passing an adult-use regulation bill. [Northjersey.com]
- How much would you pay for an "iconic" marijuana website name? If the price is right, you can own blunt.com. National Entertainment Collectibles Association is auctioning the rights to what it calls "the most iconic domain name ever offered for your cannabis business." Bids will be accepted until noon on June 22. [PRNewswire.com]
Mark Your Calendars
June 24-25: International Cannabis Business Conference June 26-27: DRI Marijuana Law SeminarThis content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
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Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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