Cannabis Law : A Primer on Federal and State Law Regarding Marijuana, Hemp, and CBD.

Intro -- Title Page -- Copyright Page -- Contents -- Editor's Note -- Preface -- Acknowledgments -- Chapter 1 : Basic Issues: The Tension between Federal and State Law and Policy -- 1. Introduction -- 2. Definitions -- 3. Overview of Law and Regulation -- 3.1 Federal Law and Enforcing Agencies -- 3.1.1 U.S. Congress and DOJ -- 3.1.2 U.S. Food and Drug Administration (FDA) -- 3.1.3 Federal Trade Commission (FTC) -- 3.1.4 U.S. Department of Agriculture (USDA) -- 3.1.5 U.S. Department of Treasury (Treasury) -- 4. Cannabis and Hemp: Enforcement -- 4.1 DOJ -- 4.2 FDA and FTC -- 4.3 Treasury -- 5. Proposed and Pending Federal Legislation -- 5.1 Decriminalization -- 5.2 Banking -- 5.3 Looking Forward -- 6. States -- 7. Afterword -- Chapter 2 : Transactional Considerations -- 1. Introduction -- 2. Private Company Transactions -- 2.1 Federal Legal Considerations -- 2.2 State Regulatory Considerations -- 2.2.1 Transfers of Applicable Licenses -- 2.2.2 Restrictions on Ownership of Cannabis Businesses -- 2.2.3 Reporting Requirements for Owners of Cannabis Businesses -- 2.3 Contract Considerations -- 2.3.1 Structure -- 2.3.2 Representations, Warranties, and Indemnification -- 2.3.3 Covenants and Conditions -- 2.3.4 Dispute Resolution -- 2.3.5 Minority Investments and Joint Ventures -- 3. Public Company Transactions -- 3.1 Disclosure Requirements -- 3.2 Exchange Rules -- Chapter 3 : Banking and Finance Issues -- 1. Introduction -- 2. Federal Controlled Substances Act -- 3. Dual-Banking System -- 4. Bank Secrecy Act and Anti-Money Laundering Laws -- 4.1 Asset Forfeiture -- 4.2 Fines and Imprisonment -- 4.3 Bank Regulator Oversight -- 4.4 BSA Requirements -- 4.4.1 Establish Written Internal Policies, Procedures, and Controls -- 4.4.2 Conduct Independent Testing -- 4.4.3 Designate a BSA/AML Compliance Officer.

4.4.4 Provide Ongoing Training to Relevant Employees -- 4.4.5 Customer Due Diligence -- 5. Suspicious Activity Report Filing -- 5.1 Hemp Business and SARs -- 6. Currency Transaction Reporting -- 7. Federal Legislation -- 8. State Marijuana Banking Innovations -- 9. Identifying a Bank for MRBs -- 10. Payments for Marijuana -- Chapter 4 : Employment -- 1. Federal Law Grants Employers Greater Rights to Regulate Cannabis in the Workplace -- 2. Cannabis and the Hiring Process -- 2.1 Background Checks and Consideration of Cannabis-Related Arrests and Convictions in Hiring Decisions -- 2.2 Pre-Employment Drug Testing -- 2.3 Consideration of an Applicant's Participation in a Medical Cannabis Program or an Applicant's Off-Duty Use of Cannabis -- 3. Cannabis Use during Employment -- 3.1 On-Duty Use or Possession of Cannabis Products -- 3.2 Off-Duty Use of Cannabis Products -- 3.3 Post-Hiring Drug Testing for Cannabis Use -- 3.4 Accommodating Cannabis Use -- 3.4.1 Accommodating Cannabis Use under the Americans with Disabilities Act -- 3.4.2 Accommodating Medical Cannabis Use under State Law -- 3.4.3 Accommodating Recreational Cannabis Use under State Law -- 4. Carve-Outs from State Cannabis Laws -- 4.1 Safety-Sensitive Positions -- 4.2 Exception for Compliance with Federal Law, Contracts, Funding, or Licensing Requirements -- 4.3 Job Positions Regulated by Federal Agencies -- 5. Related Topics Associated with Cannabis Use and Employment -- 5.1 Workers' Compensation Benefits -- 5.2 Unemployment Benefits -- Chapter 5 : Cannabis and Real Property -- 1. Acquisition of Real Property for Cannabis-Related Uses -- 1.1 Real Estate Broker Issues -- 1.2 Financing Issues -- 1.2.1 Investors -- 1.2.2 Banks and Other Financial Institutions -- 1.2.3 Hemp and Hemp Derivatives -- 1.3 Title Insurance Issues and Real Estate Due Diligence -- 1.4 Property Insurance.

2. Commercial Leasing for Cannabis-Related Uses -- 2.1 Leasing Due Diligence and Loan Document Review -- 2.2 Enforcement Issues -- 2.3 Drafting Considerations -- 2.3.1 License Contingency or Condition Subsequent Clause -- 2.3.2 Permitted Use -- 2.3.3 Applicable Laws/Compliance with Laws -- 2.3.4 Rent and Form of Payment -- 2.3.5 Security and On-Site Cash -- 2.3.6 Landlord's Access -- 2.3.7 Tenant Improvements -- 2.3.8 Common Areas/Odors/Etc -- 2.3.9 Utilities and Operating Expenses -- 2.3.10 Environmental Concerns -- 2.3.11 Insurance and Indemnification -- 2.3.12 Surrender and Other End-of-Term Provisions -- 3. Forfeiture -- 4. Use Restrictions -- 5. Conclusion -- Chapter 6 : Tax Law Issues -- 1. Federal Income Tax Issues -- 1.1 General Principles -- 1.2 Internal Revenue Code Section 280E-Operating Expenses Not Deductible -- 1.2.1 "Trafficking" -- 1.2.2 "Controlled Substances" -- 1.2.3 Application to Non-Cannabis Lines of Business -- 1.2.4 Application to Internal Revenue Code Section 199A -- 1.2.5 Constitutional Issues-Eighth Amendment -- 1.2.6 Constitutional Issues-Fifth Amendment -- 1.2.7 Constitutional Issues-Sixteenth Amendment -- 1.3 Reductions to Gross Income-Internal Revenue Code Section 471 (Cost of Goods Sold) -- 1.3.1 Resellers -- 1.3.2 Producers -- 1.4 Reductions to Gross Income-Internal Revenue Code Section 164 (Taxes) -- 1.5 Internal Revenue Code Section 501(c)-Exempt Organizations -- 2. State Tax Issues -- 2.1 Income Taxes -- 2.1.1 California -- 2.1.2 Colorado -- 2.1.3 Illinois -- 2.1.4 Oregon -- 2.2 Other General Business Activity Taxes -- 2.3 General Retail Sales Taxes -- 2.3.1 "Sales" -- 2.3.2 Exemptions -- 2.3.3 Business Inputs Exemptions or Incentives -- 2.4 Cannabis Excise Taxes -- 2.4.1 Weight-Based Excise Taxes -- 2.4.2 Price-Based Excise Taxes -- 2.4.3 Stamp Taxes -- 2.5 Non-Marijuana Forms of Cannabis (Hemp and CBD).

Chapter 7 : Marketing -- 1. Marketing Cannabis Products in the United States -- 1.1 Cannabis, Marijuana, and Hemp -- 1.2 Cannabis Derivatives -- 1.3 Legality of Advertising Cannabis Products -- 2. Regulatory Framework for Hemp and Hemp Derivative Advertising -- 2.1 Federal Advertising Laws -- 2.1.1 FTC -- 2.1.2 Lanham Act -- 2.1.3 Federal Food, Drug, Dietary Supplements, and Cosmetics Regulation -- 2.2 State Laws -- 2.2.1 Mini-FTC Acts and Consumer Protection Laws -- 2.2.2 State Hemp and Hemp Derivative Laws -- 2.3 National Advertising Division -- 3. Advertising Basics -- 3.1 Identifying an Advertising Claim -- 3.2 Puffery -- 3.3 Disclosures -- 3.4 Substantiating Advertisement Claims -- 3.4.1 Generally -- 3.4.2 Scientific Claims -- 3.5 Health Claims -- 3.5.1 Generally -- 3.5.2 Examples of Prohibited Health Claims -- 3.6 Advertising Issues Regulated by the FDA -- 3.6.1 Drug Advertising -- 3.6.2 Dietary Supplement Advertising -- 3.6.3 Food Product Advertising -- 3.6.4 Cosmetic Advertising -- 3.6.5 Unapproved New Animal Products -- 4. Special Advertising Issues -- 4.1 Endorsements and Testimonials -- 4.2 Comparative Advertising -- 4.3 Price Advertising -- 4.4 Contest and Sweepstakes Promotions -- 5. Marijuana and Marijuana Derivative Advertising -- 5.1 Federal Law -- 5.2 State Laws -- 6. Conclusion -- Chapter 8 : Trademarks -- 1. Federal Overview of Cannabis Trademarks -- 1.1 The Federal Lanham Act and the Lawful Use in Commerce Requirement -- 1.2 Compliance with the Controlled Substances Act -- 1.3 The 2018 Farm Bill and Examination Guide 1-19 -- 2. Alternative Trademark Protection for the Cannabis Industry and Its Limitations -- 2.1 State Trademark Registrations -- 2.2 Federal Registration for Ancillary Goods or Services -- 3. Trademark Infringement and Dilution -- 3.1 Likelihood of Confusion -- 3.2 Dilution by Tarnishment -- 4. Takeaways.

Chapter 9 : Patent Law in the Cannabis Industry -- 1. Introduction -- 2. How Can the Industry Protect Its IP? -- 2.1 Utility Patents -- 2.2 Design Patents -- 2.3 Plant Patents -- 2.4 Plant Variety Certifications -- 3. Why Is Patentability Important? -- 3.1 Marketability for Future Consolidation -- 3.2 Enforceability in the Courts -- 3.3 Potential for Patent Challenges via Inter Partes Review -- 4. Conclusion -- Chapter 10 : Cannabis Litigation: Trends and Considerations -- 1. Cannabis and Civil Litigation -- 1.1 Types of Cases -- 1.1.1 Consumer Protection -- 1.1.2 Products Liability and Negligence -- 1.1.3 California Proposition -- 1.1.4 Contract Law -- 1.1.5 Class Actions -- 1.2 Common Defenses -- 1.2.1 Pleading with Specificity -- 1.2.2 Reasonable Consumer -- 1.3 Preemption -- 1.4 Primary Jurisdiction -- 2. Conclusion -- Chapter 11 : Insurance Considerations for the Cannabis Industry -- 1. Overview of Basic Insurance Products -- 1.1 Comprehensive General Liability -- 1.2 Property Loss and Business Interruption Insurance -- 1.3 Commercial Crime or Fidelity Insurance -- 1.4 Cyber Insurance -- 1.4.1 Network Security -- 1.4.2 Privacy -- 1.4.3 Business Interruption -- 1.4.4 Directors and Officers (D&amp -- O) Liability -- 2. Overview of Key Risks and the Corresponding Insurance Product -- 2.1 Product Liability -- 2.2 Fires, Bugs, and Other Sources of Property Loss -- 2.3 Theft -- 2.4 Improper Release of Customer Information -- 2.5 Loss of Share Value -- 3. Judicial Guidance -- 4. Conclusion -- Chapter 12 : Bankruptcy -- 1. Introduction to Bankruptcy, Receiverships, and Assignments for the Benefit of Creditors -- 2. Treatment of Cannabis in Bankruptcy Cases -- 3. Treatment of Cannabis in Receiverships and ABCs -- 3.1 Receiverships -- 3.2 ABCs -- Chapter 13 : Regulation of Cannabis-Containing Products in the U.S. Food and Beverage Supply.

1. Federal Food Safety Oversight.

Until now, there has been no single reference to guide cannabis lawyers along the full continuum of potential legal needs challenging the industry. This treatise fills that gap from a sophisticated perspective by flagging key issues in more than a dozen practice areas and covering the impact of cannabis law from U.S. state and federal, as well as Canadian, enforcement and regulatory agencies.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.