June 2017: The Month That Reg A+ Arrived

What a month this has been for those of us involved with the Reg A+ movement going back all the way to 2010. Although dozens of Reg A+ deals, raising hundreds of millions of dollars, had closed before this month, virtually none were trading their stock. In the span of a month, however, we now

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The World is Slowly Legalizing Cannabis

[Updated July 4, 2017 to reflect the addition of Greece which legalized medical cannabis.] A fascinating article in Wikipedia scours the globe to see which countries have taken action to legalize or decriminalize the use of cannabis. While we focus heavily on the dramatic trend here in the US, with 29 states and the District of Columbia

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Florida Implements Legal Medical Marijuana

Florida Gov. Rick Scott this past Friday signed legislation to implement the legalization of medical marijuana there. Over 70% of Florida voters approved a constitutional amendment last fall setting up the new regime. Scott, a Republican, opposed the  constitutional amendment, but signed the bill without making any statement. The new law bans smoking of medical

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Is Cannabis the New “Alternative” Alternative Investment?

The New York Hedge Found Roundtable, made up of professional investors who generally focus on “alternative investments,” the other day said its members believe investing in cannabis companies is “appealing.” The normal alternative investments one thinks of, derivative securities, hedge and private equity funds and managed futures, tend to be reserved for rich people, institutions

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Financial CHOICE Act Would Broaden Form S-3 Availability

On May 4, 2017, the House Financial Services Committee narrowly, by a vote of 34-26, passed the Financial CHOICE Act of 2017, which now moves to the full House. Most of the bill relates to rollbacks of Dodd-Frank provisions that are better covered by those who follow issues affecting large financial institutions. Among other things

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Alexa, Enter My Billable Time Please

The ABA Journal reports that Amazon’s Alexa-enabled artificial intelligence devices now can help attorneys, accountants and other timekeepers keep track of their billable time. According to the story, Thomson Reuters has a new assistant that can allow users to simply speak to Alexa and record time. It only works on the systems that Thomson Reuters is offering.

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Confusing Trump Cannabis Statement

The President signed a budget bill last Friday that will keep the government funded through the end of September. After signing the bill, the President issued a statement which, among other things, declared some provisions in the bill unconstitutional, and seemed to suggest that he will not comply with others (like denying funding for certain presidential

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Congressional Freeze of Federal Funds to Enforce Cannabis Laws Extended

It’s looking good. The Rohrabacher-Farr Amendment to the last several years of federal budget bills has prevented the federal government from using its money to prevent the implementation of state medical cannabis laws since 2014. However, the amendment must be renewed each year with the annual budget bill. According to HuffPost, the budget bill agreed upon

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