Hall, Rustom & Fritz LLC

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Latest from Hall, Rustom & Fritz LLC

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How to Open a Cannabis Dispensary in New Mexico How to Open a Cannabis Dispensary in New Mexico The New Mexico Legislature recently voted to legalize recreational cannabis through the House Bill 2 that was recently passed by two House committees.  The bill, sponsored by Reps. Javier Martinez, Andrea Romero, and Deborah A. Armstrong passed the House Health and Human Services Committee on Feb. 15 and passed the House of Taxation and Revenue Committee on Feb 24. Now, on March 31, it passed the Senate on a 22-15 vote.  It then returned to the House, which had approved it 38–32…
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Filibuster and Federal Marijuana Legalization Filibuster and federal marijuana legalization Last years have been very important for cannabis legalization. Currently, fifteen states, two territories and the District of Columbia have legalized cannabis for adult recreational use. New York is the most recent state to legalize cannabis, which was passed in late March 2021, during New York’s 2021 session.  And the road ahead seems promising for states Cannabis legalization, with states like Virginia or New Mexico that have proposed the implementation of recreational marijuana legalization bills that would establish a regulated commercial market. More and more states are taking the…
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Board Member Agreements & How to Control Corporate Owners Board Member Agreements & How to control Corporate Owners In the Cannabis Industry, having the right partners is essential. In practice, a lot of times you will be looking at a “49/51 deal” in which one of the partners has a 51 percent and there’s a second partner –or a number of partners- that share 49 percent ownership of the company. A partnership is a risky business endeavor because partners can fail to meet their obligations to the organization, which can cause relationships to sour. A partner who owns 51 percent…
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Cannabis SPAC The Special Purpose Acquisition Companies -better known as SPACs- are companies with no commercial operations that are set up by investors for the sole purpose of raising money through an initial public offering (IPO) to eventually acquire another company. Essentially, a special purpose acquisitions company is a shell company with no commercial operations — it makes no products and does not intend to sell anything. In fact, the SPAC’s only assets are typically the money raised in its own IPO. Usually a SPAC is created, or sponsored, by a team of institutional investors, professionals from the world of…
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Get The Best Extraction Machines for Your Specific Needs Get The Best Extraction Machines for Your Specific Needs Extraction systems facilitate users to process activities like Oil Extraction, Recrystallization, and Distillation. You can get an extraction machine that allows you to conduct chemical separation during the Oil extraction process of recrystallization process. The machinery can be customized as per your business requirement. A professional expert is available to guide you at every step without a hassle. Extraction Equipment to Meet Your Business Needs The people at Colorado Extraction Systems offer you 2 kinds of cannabis extraction systems, one is…
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Water Soluble CBD: All you need to know Water Soluble CBD might be the future of cannabis products.  Cannabis is widely accepted these days. Most states have legalized the medicinal use of cannabis, a lot of states have downright decided to legalize the adult-use of the plant as well. With the industry reaching an all-time high, now may be the best time for you to start thinking about hopping into the industry. And one of the first things you need to ask yourself is: what product are you trying to sell?  According to BDS Analytics, beverages are one of the…
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Nanotechnology in cannabis: What’s the benefit of using nanotechnology in the industry? Nanotechnology in cannabis: What’s the benefit of using nanotechnology? Nanotechnology in cannabis is one of the new trends in the industry: The last few years have been good for cannabis. With more states legalizing the plant, the public starting to –widely- accept the use of cannabis products, and the profits from the industry reaching an all-time high, it’s no wonder other industries would want to hop into the cannabis industry. Nanotechnology has been used in the food and medicine industries for quite some time, and recently, more and…
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USDA Final Rule On Hemp   USDA Final Rule on Hemp – Total THC – Delta 8 & Remediation USDA Final Rule on Hemp was finally released on January 15, 2021 based on the previous set of USDA hemp regulations that drew public comments from almost 6,000 people. USDA Final Rule on Hemp will be effective on March 22, and is currently available for viewing in the Federal Register. This time, the latest USDA Final Rule on Hemp makes several highly praised changes, superseding the DEA interim final rule (IFR), that are seen as favorable to both hemp…
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How to Open A Cannabis Delivery Company in Massachusetts Want to get a cannabis delivery license in Massachusetts? Get Started How to Open A Cannabis Delivery Company in Massachusetts Big news for recreational delivery licenses came out of the Massachusetts Cannabis Control Commission (CCC) from its monthly public meeting on May 7th. Most significantly, the CCC voted to move forward with recreational delivery-only licenses and delivery endorsements (delivery endorsements are essentially add-on licenses to existing marijuana businesses). Applications for the license will open on May 28th, 2020, and for two years will be available exclusively for social equity and economic…
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How the MORE Act Matters for Immigration How the MORE Act Matters For Immigration There is a very important relation between immigration and the MORE Act, that is not been stressed enought. The MORE Act marks a well-deserved change for the cannabis community. The bill that decriminalizes cannabis on a federal level serves many purposes for the community and those most affected by the War on Drugs, but if you haven’t thought on how immigration and the MORE Act are related, here is the explanation of the bill’s importance for immigration and deportation purposes. Immigrants will benefit from the Marijuana…
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How the MORE Act Matters for Immigration How the MORE Act Matters For Immigration The MORE Act marks a well-deserved change for the cannabis community. The bill that decriminalizes cannabis on a federal level serves many purposes for the community and those most affected by the War on Drugs, but if you haven’t thought on how the MORE Act matters for Immigration, here is the explanation of its importance for immigration and deportation purposes. Immigrants will benefit from the Marijuana Opportunity Reinvestment and Expungement Act, better known as the MORE Act, as they will no longer be subject to deportation…
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Arizona Marijuana Establishment License Want to Get an Arizona Marijuana Establishment License in 2021? Get Started Arizona Marijuana Establishment License Arizona Marijuana Establishment License is the answer for those interested in starting a marijuana business in the state. Whether you want to open a dispensary in Arizona, or start a manufacturing or distributing business in the state, you’ll need to know how to apply for an Arizona marijuana establishment license. Arizona just released its rules for its marijuana license application program in the Arizona Department of Health Services website. And as we predicted, the requirements for getting a…
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Michigan Marijuana License: How to get prequalified Want to Get Prequalified for a License in Michigan Get Started Michigan Marijuana License: How to get prequalified Getting prequalified for a Michigan marijuana license would be the first step to hop into the cannabis industry in Michigan. And with the medical and recreational marijuana industry growing as fast as it is, it may be worth your time hopping in. We already covered how to get a Michigan marijuana growers license in the past. In this instance, we are going to focus on the first step of this “two-step” program, namely, the prequalification…
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New Jersey Cannabis Microbusiness License Want to Get an NJ Microbusiness License in 2021? Get Started New Jersey Cannabis Microbusiness License  New Jersey cannabis microbusiness license is an intriguing possibility for small business entrepreneurs in the State. New jersey cannabis license regulations aim to benefit its residents with an exclusive opportunity to get in the market without the millions of dollars of funding as a cannabis microbusiness.  The truth is, without an in-state restriction in the requirements to get a cannabis license, New Jerseyans are to compete with out-of-state operators with the experience and millions of dollars of funding, which…
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How to Open a Cannabis Dispensary in New Jersey Want to Get a Dispensary License in New Jersey in 2021? Get Started How to Open a Dispensary in New Jersey How to get a dispensary license in New Jersey? That’s the question you should ask yourself if you’re thinking about opening a dispensary in New Jersey. In order to obtain a dispensary license, you’d need to comply with requirements established by the new law on the matter.  Medical marijuana businesses became legal in New Jersey in 2010 –although heavily regulated- just to give some perspective on this: even though the…
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Georgia Medical Cannabis Production License Want to Get a Medical Cannabis Production License in Georgia? Get Started Georgia Medical Cannabis Production License Georgia is accepting applications for medical cannabis production Licenses. After the state allowed the use of medical marijuana in 2015, the General Assembly finally passed a bill permitting marijuana production and sale in Georgia and now applications are open. The Georgia Access to Medical Cannabis Commission unanimously approved the process that will allow nearly 14,000 registered patients in Georgia to obtain oil for treatment in the state. If you are interested in joining the cannabis industry in the…