Our colleagues Joseph A. McNelis III and William Bogot have published a client alert addressing yesterday’s announcement by Attorney General Jeff Sessions that effectively ends the Obama Administration’s “hands off” approach to licensed cannabis operations in states where cannabis has been legalized for medicinal or recreational purposes. This announcement is important for all licensed cannabis businesses because the federal Controlled Substances Act classifies cannabis as a Schedule 1 substance, making it illegal to produce, sell, or possess cannabis. It also comes on the heels of the official roll-out of California’s recreational cannabis program, the largest in the country. You can read their alert here.
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