Cannabis

Top News

Justices' CFPB Alliance May Save SEC Courts, Not Chevron

By Katie Buehler

A four-justice concurrence to the U.S. Supreme Court's decision upholding the Consumer Financial Protection Bureau's unique funding scheme last week carries implications for other cases pending before the court that challenge the so-called administrative state, or the permanent cadre of regulatory agencies and career government enforcers who hold sway over vast swaths of American economic life.

Strategic Hiring Was The New Normal For BigLaw In 2023

By Emma Cueto

The 400 largest law firms by headcount in the U.S. grew more slowly in 2023 than in the previous two years, while Kirkland & Ellis LLP surpassed the 3,000-attorney threshold, according to the latest Law360 ranking.

Nev. Commission Floats Regs To Implement Tax On Cannabis

By Zak Kostro

Nevada would establish requirements for implementing the state's excise tax on cannabis that would apply to products obtained or bought by a "cannabis consumption lounge" and would clarify tax reporting rules for retail sales of cannabis under regulations proposed by the state Tax Commission.

The Law360 400: Tracking The Largest US Law Firms

By Sam Bell and Pamela Wilkinson

The legal market expanded more tentatively in 2023 than in previous years amid a slowdown in demand for legal services, especially in transactions, an area that has been sluggish but is expected to quicken in the near future.

Biden Admin Proposes To Loosen Restrictions On Marijuana

By Sam Reisman

President Joe Biden on Thursday announced that his administration has formally recommended relaxing restrictions on marijuana, marking the most significant federal policy shift on cannabis since the drug was criminalized more than 50 years ago.

State-Regulated Cannabis Can Thrive Without Section 280E

By Andrew Kline and Sammy Markland

Marijauna's reclassification as a Schedule III-controlled substance comes at a critical juncture, as removing marijuana from being subjected to Section 280E of the Internal Revenue Code is the only path forward for the state-regulated cannabis industry to survive and thrive, say Andrew Kline at Perkins Coie and Sammy Markland at FTI Consulting.


Expert Analysis

Being An EMT Makes Me A Better Lawyer

While some of my experiences as an emergency medical technician have been unusually painful and searing, the skills I’ve learned — such as triage, empathy and preparedness — are just as useful in my work as a restructuring lawyer, says Marshall Huebner at Davis Polk.

Exploring An Alternative Model Of Litigation Finance

A new model of litigation finance, most aptly described as insurance-backed litigation funding, differs from traditional funding in two key ways, and the process of securing it involves three primary steps, say Bob Koneck, Christopher Le Neve Foster and Richard Butters at Atlantic Global Risk LLC.

Teaching Yoga Makes Me A Better Lawyer

Being a yoga instructor has helped me develop my confidence and authenticity, as well as stress management and people skills — all of which have crossed over into my career as an attorney, says Laura Gongaware at Clyde & Co.

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