In a noteworthy development, the U.S. Senate Banking, Housing, and Urban Affairs Committee recently forwarded a bill designed to expand banking services to the predominantly cash-dependent cannabis industry. This piece of legislation, known as the SAFER Banking Act, will have far-reaching implications for investors and businesses involved in the rapidly growing industry.
New Jersey has emerged as an important state in the Cannabis industry, with significant investments being poured into its market. However, alongside this surge in investments, legal challenges and regulations need careful evaluation by law professionals practising in this budding field.
In another related development, Hilary Bricken, a prominent name in the Cannabis legal world, is taking up a new role. The specifics are yet to be disclosed, but Bricken’s movements have long been a source of influence in the cannabis legal community, and her new venture is expected to stir some interest.
Meanwhile, New York is making strides in constituting its cannabis advisory board. The board will play a key role in shaping the legal and regulatory framework for cannabis in the state. The appointments to this advisory group will require careful watching for their potential impact on industry dynamics.
For a more comprehensive understanding of these topics, various legal events are organized nationwide. The General Counsel Conference is one such event, that discusses the trends in regulatory, data protection, tech management, legal operation, and leadership. It is scheduled to take place in Brooklyn, NY on October 3, 2023.
Another noteworthy event is the New York Law Journal Awards in New York, NY on October 5, 2023. This event honours attorneys and judges who have made a significant difference in the legal profession in New York.
Lastly, Los Angeles, CA, will host a conference for the most influential and knowledgeable real estate executives in the net lease sector from October 16, 2023, through to October 17, 2023.
For the whole story on the SAFER Banking Act, NJ cannabis investments, Hilary Bricken’s new role, and NY’s cannabis advisers, you can read the original article.