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David Waxman is a highly sought-after advisor to the cannabis industry. With more than three decades of experience counseling clients related to real estate development, zoning, acquisitions, and financing, as well as corporate transactions and environmental regulatory compliance, David Waxman helps clients both translate business goals into results and also protect their interests. He applies his knowledge and experience to advising cannabis industry clients on financial services and investments, operational compliance and best practices, and real estate matters, and is a veteran of Benzinga Cannabis Capital Conference, MJBizCon, and other cannabis industry events.

On January 29, 2024, the Ohio Division of Cannabis Control (DCC) released the first package of proposed rules (Regulations) to govern the state’s emerging legal cannabis market. The Regulations cover the Ohio marijuana license application process and also remove and rescind certain fees.

When will initial applications be made available?

Continue Reading Ohio Marijuana License Application Process Outlined by Regulations

On January 8, 2024, the Kentucky Cabinet for Health and Family Services (Cabinet) published its long-anticipated first proposed set of medical marijuana regulations. These proposed regulations set forth the operating requirements for various types of operators within the program (including cultivators, processors, producers, and dispensaries), and rules for cannabis transportation

Continue Reading Kentucky’s Proposed Medical Marijuana Regulations

Ohio Republicans have begun to propose legislative changes to the recently passed Issue 2, the Ohio Marijuana Legalization Initiative (Initiative), passed by over 57% of Ohioans in November. House Bill No. 341 (the Bill) was introduced on November 28 by Representative Gary Click (R) and does not currently have

Continue Reading Ohio Marijuana: House Member Introduces Bill to Amend Recently Passed Adult-Use Law

On November 7, 2023, voters in Ohio approved Ohio Issue 2, the Marijuana Legalization Initiative (the Initiative), which legalizes marijuana for recreational use in Ohio. Among its key provisions, the Ohio Initiative creates a new Division of Cannabis Control (DCC) within the Ohio Department of Commerce (DOC) to regulate marijuana

Continue Reading Ohio Legalizes Adult-Use Marijuana

On August 8, 2023, Ohio voters defeated a proposed amendment to the state’s Constitution that would have required at least 60% of the vote on any citizen-initiated proposal to amend the Constitution, otherwise known as Issue 1. Since 1912, the Ohio Constitution has required only a majority of the vote

Continue Reading All Eyes on Ohio’s Adult-Use Marijuana Measure Post Issue 1 Defeat

While the Ohio Legislature’s May 3, 2023, deadline to put forth adult-use legislation to avoid a ballot initiative went up in smoke, Ohioans have continued pushing forward in their attempt to legalize adult-use cannabis. And, perhaps reading the tea leaves, a bipartisan bill was just introduced in the Ohio House

Continue Reading The Long and Winding Road to Adult-Use Cannabis in Ohio: An Update

It is no secret that cannabis businesses and owners remain largely barred from taking advantage of federal bankruptcy protections, leaving distressed marijuana businesses with limited restructuring options. Most often, distressed marijuana businesses and businesses serving the marijuana industry (collectively, MRBs) must instead rely on state law, including state-specific cannabis

Continue Reading Cannabis Creditors Face Receivership in Oregon

MedMen – a Canadian corporation, and one of the best-known names in marijuana – recently made headlines for pulling an old trick: attempting to avoid making nearly $1,000,000 of lease payments based on marijuana’s illegal status under federal law.
Continue Reading MedMen’s Illegality Defense: Will the Court Take the Case?