As my colleagues Brent Hull and Paula Durham noted in their recent article “The Rescheduling of Cannabis: business and Tax Implications”, today Ocean Tomo, a part of J.S. Held, released the 2024 Cannabis Industry Report. The report provides an extensive overview of the industry’s growth, challenges and opportunities, and is the result of a collaboration […]
Cannabis
The Rescheduling of Cannabis: Business and Tax Implications
The US Department of Justice (DOJ) has formally moved to reclassify cannabis as a less harmful Schedule III drug in a move that could have a significant economic impact on the cannabis industry. The Attorney General has submitted a notice of proposed rulemaking which – if given final approval by Drug Enforcement Agency (DEA) – […]
The Distressed Cannabis Business: An Alternative to Bankruptcy
Bankruptcy is Not an Option Bankruptcy can be a very helpful tool for a distressed business. Bankruptcy allows a business to stop collection actions, discharge certain debts, cancel unfavorable contracts, and provides breathing room to restructure the business. What if your cannabis operation is struggling or failing – file for bankruptcy, right? Not so fast. […]
U.S. and Japanese Insurance Companies Move to Support Autonomous Vehicle Industry
Last quarter, Ann Arbor-based May Mobility announced a Series C-round investment of $111 million by U.S. auto insurance company State Farm, Japanese insurance company Tokio Marine, and others. “The insurance industry sees the future of mobility and is recognizing the importance of helping to design the way insurance will support autonomous vehicles in the future,” […]
Ocean Tomo Autonomous Vehicle Industry Report
Ocean Tomo, released its Autonomous Vehicle Industry Report examining the components of market value, challenges and changes in the autonomous vehicle marketplace, and the increasingly critical role intellectual property (IP) licensing is playing in the industry. The report is available to download here. “Investment and research in the Autonomous Vehicles Industry is expanding. Traditional automobile […]
Ocean Tomo Releases Cannabis Industry Report
Earlier today, Ocean Tomo released its Cannabis Industry Report focused on the significant market opportunities and trends in this burgeoning industry. Attention is given to the increasing importance of intangible asset protection inherent in the complex cannabis marketplace. The development of the cannabis industry has been rapid, and with recent state legislative support, many competitors […]