West Virginia Joins Legal Cannabis List

Earlier this week WV Governor Jim Justice (great name) signed into law a bill passed by the state legislature to permit the production and sale of medical marijuana in the state. This makes West Virginia the 29th US state to legalize medical marijuana. It is also one of the few states acting through legislation rather

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Canada Announces Plan for Full Legalization of Cannabis

Today, in a both exciting and sobering press release, Canada announced a plan to fully “legalize, strictly regulate and restrict access” to cannabis in the Great White North. The release starts bluntly: “The current approach to cannabis does not work.” The government of Prime Minister Justin Trudeau clearly favors both medical and recreational cannabis legalization.

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Spotify May Go Public With “Self-Filing”

IPO alternatives appear to be alive and well as we learn from press reports that unicorn music service Spotify may go public through a “self-filing.” In my first book, over 10 years ago, I talked at length about the potential value of this very straightforward technique. Assuming you otherwise qualify for an exchange listing, you

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Almost Every SEC Form Changes

Got your attention? No it’s not April 1 anymore so this is serious. But actually no big deal. Last Friday the SEC adopted some rules mandated by the Jumpstart Our Business Startups (JOBS) Act of 2012. Among them: implementing the use of the term “emerging growth company”  (EGC) throughout its registration and periodic reporting forms.

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JOBS Act Turns Five

Believe it or not the Jumpstart Our Business Startups (JOBS) Act was signed into law on April 5, 2012. A great example of how the legislators, working with an administrative agency, can bring meaningful and substantive positive change. Enacted in the heat of a Congressional election year, the bill passed the House by a whopping

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“T+2” Trade Settlement Arrives

If you don’t know what the headline means, maybe just skip this one. Otherwise read on! Last week, the SEC approved a rule change that shortens the typical settlement period for public trading through brokers (known as “T+” for “trading plus”) to two business days from three. The SEC feels this will reduce trading risks.

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New York Adds Chronic Pain to Medical Marijuana List

In a major development for New York, its Department of Health officially approved a regulation, first proposed in December, to allow people with “any severe debilitating pain that the practitioner determines degrades health and functional capability” that has lasted or is expected to last at least three months to access legal medical marijuana. The state

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Is the LSAT Headed the Way of the Dodo?

The Harvard of law schools, Harvard, recently announced it will now accept the GRE exam in lieu of the LSAT as a criterion for admission. What’s different between the two? According to qsleap.com, “The LSAT is more a test of your reasoning skills than your subject knowledge (in math and verbal). The GRE is a mix of

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Just a Snap to Huge IPO

It appears the initial public offering market is indeed waking up. Last Thursday, Snap Inc. raised $3.4 billion in its IPO onto the New York Stock Exchange. OK not the biggest ever, since Alibaba raised almost $22 billion in 2014. But it’s the biggest tech IPO since the Amazon of China smashed the records. Snap,

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Bi-Partisan Team Introduces Federal Cannabis Decriminalization Bill

Republican Congressman Tom Garrett this week introduced a bill that would decriminalize marijuana and remove it from the list of controlled substances as a “Schedule I drug.” The bill is called the “Ending Federal Marijuana Prohibition Act of 2017.” With Garrett as sponsor is Democrat Rep. Tulsi Gabbard. Bernie Sanders tried to do this a few

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