RyanKocot

General Counsel to the Cannabis Industry | Contributor 🚨All information is strictly educational 🚨

[RyanKocot @ryankocot]

Hopefully we get guidance this week, but the most fundamental unresolved question from the order is:

Is registration mandatory?

Let me know what you think in the comments!

DISCLAIMER: This is not legal or tax advice, but may be attorney advertising.

[RyanKocot @ryankocot]

I’m guessing this isn’t news to the tax pros out there, but it’s a question that’s come up repeatedly over the last 24 hours.

Press release link: https://t.co/nZ1rozgnRe

DISCLAIMER: This is not legal or tax advice, but may be attorney advertising.

[RyanKocot @ryankocot]

Looks like we’ll be getting rescheduling guidance from the IRS.

Time will tell, but the press release at the link below that companies that participate in both adult-use and medical markets may be able to apportion extensions.

[RyanKocot @ryankocot]

If you hold a state medical cannabis license anywhere in the US, the next 60 days matter.

Feel free to shoot me a DM with any questions. Read more at the link below.

https://t.co/k43xmDevjv

DISCLAIMER: This is not legal advice.

[RyanKocot @ryankocot]

The DOJ just changed the federal cannabis landscape.

State-licensed medical marijuana has been placed in Schedule III of the CSA, and a new federal DEA registration pathway has opened.

[RyanKocot @ryankocot]

State medical operators who file within 60 days get priority review + lawful operation during the federal review. Operators who wait don’t.

One more thing: Schedule III registrants are no longer subject to Section 280E.

[RyanKocot @ryankocot]

The same cannabis brand licensing deal can be compliant in CA and a regulatory problem in NY.

- CA: disclosure-based
- NY: license-required

Building a multi-state brand? The compliance workflow may vary. So should the contract.

Read more: https://t.co/asrMRWjBoh

[RyanKocot @ryankocot]

Disclaimer: This is not legal advice but may considered attorney advertising.

[RyanKocot @ryankocot]

Most California cannabis operators are brand new businesses with no assets when they sign their lease.

That is exactly why landlords require personal guarantees.

[RyanKocot @ryankocot]

The five risks to know before you sign:
1. Signing before permitting is complete
2. Personal guarantees
3. Vague nuisance provisions
4. Illegality clauses as landlord backdoors
5. No real renewal rights
Full breakdown: https://t.co/HypPVJko6T

[RyanKocot @ryankocot]

Read more at the link below:

https://t.co/AWZdbOA7GB

DISCLAIMER: This post and the associated alert do not constitute legal advice, but they may be considered attorney advertising.

[RyanKocot @ryankocot]

OAKLAND CONNECTS EQUITY TO CONSUMERS

Oakland is rolling out a cannabis equity certification to help identify equity-owned brands.

The goal: make it easier for consumers to support businesses impacted by cannabis criminalization.

[RyanKocot @ryankocot]

DISCLAIMER: This post and the associated alert are not legal advice, but may be considered attorney advertising.

[RyanKocot @ryankocot]

MASS UPDATES CANNABIS LAW

Massachusetts just approved a major cannabis law update including restructuring the CCC and expanding license and possession limits.

Read more below:

https://t.co/mke9Nf5F6r

[RyanKocot @ryankocot]

DISCLAIMER: This post and the associated article are not legal advice, but may be considered attorney advertising.

[RyanKocot @ryankocot]

MASS APPROVES CANNABIS GROW LICENSE FREEZE

CCC commissioners in Massachusetts have voted to pause new cultivation licenses.

The move comes as the market faces oversupply and pricing pressure.

Read more here:

https://t.co/soIWLkDgvg

[RyanKocot @ryankocot]

DISCLAIMER: This post and the article it references are not legal advice. They both may be considered attorney advertising.

[RyanKocot @ryankocot]

RESPONDING TO CALIFORNIA ENFORCEMENT

A Notice to Comply or citation isn’t just a warning; it’s the beginning of a legal process.

Miss a deadline or respond incorrectly, and a small issue can escalate fast.

Read more here:
https://t.co/lbAZHa1cjt

[RyanKocot @ryankocot]

Read more here:

https://t.co/UvsXmROz5c

DISCLAIMER: This post is not legal advice, but may be considered attorney advertising.

[RyanKocot @ryankocot]

SMALL VERMONT CANNABIS OPERATORS TEAM UP

Vermont growers are forming a cannabis cooperative to share resources and improve access to the market.

The goal: help small cultivators compete in a system where shelf space is limited and getting products to consumers isn’t easy.