This 4/20 edition of The Leaflet reflects on the significance of the 4/20 as both a celebration of cannabis culture and a rallying cry for legalization, tracing its origins to a group of California teens in the 1970s. Additionally, it touches on New York's newly legal adult-use cannabis market and the challenges of navigating cannabis laws, highlighting key provisions of the Marijuana Regulation and Taxation Act (MRTA). Finally, recent court decisions highlight challenges to enforcing cannabis contracts.
Readers of this month’s issue will get to know more about Feuerstein Kulick – from the firm’s origin story to recent wins that we helped to secure for our clients. We also break down a recent challenge to Maine’s residency requirement for cannabis licenses and the struggle with enforcing federally illegal contracts in the cannabis space.
New Jersey has officially legalized adult-use cannabis, with regulations and new licenses expected soon, while New York continues to debate which cannabis legalization bill to pass. Professional athletes are increasingly driving cannabis entrepreneurship, with figures like Calvin Johnson and Chris Webber leading the charge. Meanwhile, institutional investors are starting to recognize the economic potential of the cannabis industry, signaling a shift towards mainstream acceptance.
