Steven M Schain

March 16, 2023 | The Legal Intelligencer

Facing rising interest rates making capital even pricier, coupled with a highly saturated market competing for a limited customer base beset by plummeting prices and diminishing profit margins, it's unclear whether Skymint will be liquidated or reorganized or how other cannabis companies will avoid suffocation during history's most lucrative marijuana market.

By Steven M. Schain

9 minute read

August 31, 2017 | The Legal Intelligencer

With the dust settling and fuzzy math shrieks abating, Pennsylvania's medical ­marijuana program's (program) first phase has drawn to a close. Or has it?

By Steven M. Schain

9 minute read

July 13, 2017 | The Legal Intelligencer

Last month witnessed a marijuana banking explosion. Spanning 29 states and generating $7.2 billion in 2016, the United States' legalized marijuana industry's greatest obstacle—banking—was significantly reduced by the Department of the Treasury's (Treasury) Financial Crimes Enforcement Network's (FinCEN) June 6, 2017, "marijuana banking update," The Fourth Corner Credit Union v. Federal Reserve Bank of Kansas City, No. 16-1016 --- F.3d ---- (10th Circuit, June 27) landmark opinion, and rise of the interbanking systems alternative to the barred use of credit cards in marijuana sales.

By Steven M. Schain

17 minute read

June 02, 2017 | The Legal Intelligencer

Ever try valuing a business that is 100 percent illegal?

By Steven M. Schain

11 minute read

May 04, 2017 | The Legal Intelligencer

Due to difficulty in obtaining ­financial services and because marijuana is a "cash only" business, ­marijuana-related businesses (MRBs) face staggering safety, security and operational issues.

By Steven M. Schain

13 minute read

March 24, 2017 | The Legal Intelligencer

They're legalized marijuana's "dirty little secrets;" grid-crashing energy demands and glut-producing price drops.

By Steven M. Schain

11 minute read

January 20, 2017 | The Legal Intelligencer

Providing a dazzling array of federal and state tax exemptions and credits, a hugely untapped market serving all other states' card holders, and relief from profitability's greatest obstacle, IRC Section 280E, Puerto Rico is swiftly ­becoming the nation's most attractive ­jurisdiction to grow and dispense marijuana.

By Steven M. Schain

12 minute read

October 25, 2016 | The Legal Intelligencer

Magellan Fund founder Peter Lynch is credited with saying: "Although during the Gold Rush most miners lost money, people selling picks, shovels, tents and blue-jeans made a nice profit."

By Steven M. Schain

11 minute read

September 26, 2016 | The Legal Intelligencer

With Colorado's July 2016 ­legalized marijuana sales ­reaching $122.7 million and nationwide annual sales to exceed $7 billion, insurance coverage should be plentiful and easily obtained.

By Steven M. Schain

12 minute read

June 29, 2016 | The Legal Intelligencer

It doesn't end with 100 percent federal ­illegality and rigorous Drug Enforcement Agency and Department of Treasury oversight.

By Steven M. Schain

11 minute read