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Marijuana and Bankruptcy? Not Really
The legalization of marijuana for medical use in some states has provided new business opportunities. Like many others, parties engaged in or deriving income from the legal commercialization of medical marijuana, either directly or through another party (e.g., via lease or license) (“Marijuana-Related Parties”), are not immune to financial distress, and sometimes, seeking bankruptcy relief may be strategic or necessary. Unfortunately, Marijuana-Related Par- ties have found elusive the protections and benefits under the Bankruptcy Code.
Marijuana and the Controlled Substances Act
Enacted in 1970, the Controlled Substances Act, 21 U.S.C. ' 801 et seq. (“CSA”), embodies the federal government's policy concerning the manufacture, distribution, import, export and possession of certain controlled substances that are categorized under five “Schedules.” 21 U.S.C. ' 812. Marijuana is a controlled substance under Schedule I of the CSA. Schedule I controlled substances are considered to have: 1) a high potential for abuse; 2) no accepted medical use in treatment; and 3) a lack of accepted safety for use while under medical supervision.
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Yachts, Jets, Horses & Hooch: Specialized Commercial Leasing Models
Defining commercial real estate asset class is essentially a property explaining how it identifies — not necessarily what its original intention was or what others think it ought to be. This article discusses, from a general issue-spot and contextual analysis perspective, how lawyers ought to think about specialized leasing formats and the regulatory backdrops that may inform what the documentation needs to contain for compliance purposes.
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Risks and Ad Fraud Protection In Digital Advertising
The ever-evolving digital marketing landscape, coupled with the industry-wide adoption of programmatic advertising, poses a significant threat to the effectiveness and integrity of digital advertising campaigns. This article explores various risks to digital advertising from pixel stuffing and ad stacking to domain spoofing and bots. It will also explore what should be done to ensure ad fraud protection and improve effectiveness.
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