CANNABIS DISPUTE RESOLUTION
If you are operating a cannabis business, you must consider the possible legal complications that may arise during the ordinary course of operation. For instance, when drafting contracts, you will likely consider the best way to handle disputes between opposing parties.
Disputes can arise between business partners, providers, customers,...
CAN YOU ACCEPT CRYPTOCURRENCY AS PAYMENT?
Cryptocurrency has continued to emerge as a novel form of conducting transactions. According to data from the Pew Research Center, 16% of adults have personally invested, traded, or used cryptocurrency. Consequently, as its popularity has grown worldwide, businesses may now opt to take advantage of the crypto exchange to...
COLORADO SB-181
In 2019 the state of Colorado passed Senate Bill 19-181 ("SB-181") to “Protect Public Welfare Oil and Gas Operations.” SB-181 both created new regulatory authority and amended the "Oil and Gas Conservation Act" rules to protect public safety, health, welfare, and the environment. The bill has made the...
HOW SECURITIES LAWS IMPACT CRYPTOCURRENCIES
Since the launch of Bitcoin in 2009, the cryptocurrency market has emerged as a trillion-dollar industry around the globe. People exchange coins like Bitcoin, Ethereum, and Dogecoin on various markets, raising questions about whether these coins and tokens are securities. Cryptocurrency emerged as a novel attempt to replace fiat currency...
FEDERAL CANNABIS LEGISLATION UPDATES – OCTOBER 2022
President Biden's announcement in October 2022 on steps to make changes to the federal treatment of marijuana came as a sort of surprise for most Americans. Many people wonder what this announcement means, how big of an impact it has, and what other things are being done to change the...
IMPORTANT TERMS TO INCLUDE IN COMMERCIAL LEASES
Commercial leasing can be very lucrative and rewarding, but the lease contracts themselves can be complex and require careful construction and review. Whether you are an individual landlord or an organization leasing a commercial space, it is important to understand the terms of your commercial lease.
This article will...
STATUS OF THE MORE ACT AND THE CME ACT
In March 2022, the Senate passed the CMRE Act, the Cannabidiol and Marijuana Research Expansion Act) while also scheduling the MORE Act, the Marijuana Opportunity and Expungement Act. These acts are crucial pieces of legislation for the cannabis industry.
This article explores these acts and how they will impact...
CARBON CREDITS AND THE P&A OF INACTIVE, TEMPORARILY ABANDONED OR SHUT-IN WELLS
The government gives carbon credit permits to companies to emit carbon and certain other greenhouse gases. The carbon credit tax credit program is designed to incentivize the reduction of greenhouse emissions by companies that emit carbon and other pollutants. Essentially, a company can purchase a carbon tax credit, also known as a
LEGISLATORS’ VIEWS ON BLOCKCHAIN TECHNOLOGY AND ENERGY CONSUMPTION
Industries and sectors across the board are beginning to use blockchain technology. Specifically, people are using blockchain technology to record information on a digital ledger maintained by a network of computers, making it difficult to alter or hack. This technology provides a secure way for individuals to deal with one another without...
FEDERAL IP DUE DILIGENCE
Due diligence is the legal process buyers and sellers undergo to correctly identify, investigate, and evaluate a target company's assets. A key asset that parties must consider before a merger or acquisition is intellectual property. Specifically, buyers and sellers must comply with all federal laws that apply to intellectual property transactions. The...