Rise in cannabis legalization raises liability concerns

MIAMI — Captive insurance owners need to be ready for cannabis as the industry takes off and a growing number of states legalize it for medicinal or recreational use, experts say. Businesses are hiring increasing numbers of employees who may be using marijuana, which opens up a range of potential liability exposures, said Arthur G. Koritzinsky, managing

By |2020-01-30T10:31:03-07:00January 30th, 2020|HLG In The News|

The NCIA’s NorthEast Cannabis Business Conference Lands In Boston Feb. 19-20

Formerly known as “Seed to Sale,” the National Cannabis Industry Association’s NorthEast Cannabis Business Conference is coming to Boston, Massachusetts February 19-20. “As the legalization of cannabis sweeps across the norhttps://www.benzinga.com/markets/cannabis/20/01/15209581/the-ncias-northeast-cannabis-business-conference-lands-in-boston-feb-19-20theast, the industry's growth could result in billions of dollars of commerce and opportunity in the years to come. In order to keep up with the ever-changing

By |2020-01-31T08:47:09-07:00January 29th, 2020|HLG In The News|

People in the News—Jan. 22, 2020—Hoban Law Group

Hoban Law Group senior counsel Steve Schain is set to present “Is Your Captive Ready for Cannabis?” at the 29th World Captive Insurance Forum. Speakers Hoban Law Group senior counsel Steve Schain is set to present “Is Your Captive Ready for Cannabis?” at the 29th World Captive Insurance Forum addressing emerging worldwide risks and providing

By |2020-01-22T11:54:23-07:00January 22nd, 2020|HLG In The News|

Lifting of Hemp Banking Restriction Clears Path for Marijuana Banking

Not only did banking hemp just get easier and more profitable, prohibitions on providing financial services to Marijuana growers, processors and sellers (“MRBs”) may be further reduced. In conjunction with state bank regulators, this week four federal agencies issued a statement fortifying hemp cultivation’s legal status and removing costly compliance requirements preventing banks from providing

By |2019-12-18T10:56:54-07:00December 5th, 2019|Banking and Finance|

Final Frontier for Cannabis Businesses: Bankruptcy Protection

By Steve Schain Most businesses fail, marijuana businesses fail more greatly, but neither marijuana businesses, nor their owners, are entitled to bankruptcy law protection. Instead, because of marijuana’s 100% federal illegality, and because bankruptcy can’t be used to facilitate federally illegal activity or administer assets that can’t be possessed or sold under federal law, bankruptcy

By |2019-11-20T13:11:59-07:00October 29th, 2019|HLG In The News|

2019 National Law Journal : Trailblazers Finance, Banking & Capital Markets

Steve Schain was recently named one of National Law Journals 2019 Trailblazers! Congratulations Steve! Steve Schain began representing Wells Fargo about 20 years ago. "I ended up representing more lenders and mortgage services in all kinds of litigation. Then, I helped them through Dodd-Frank and other regulations." See more at law.com

By |2019-12-18T13:44:34-07:00October 10th, 2019|Banking and Finance|

New Jersey Cannabis Convention Coming to Atlantic City September 14-15

Atlantic City, New Jersey – September 5, 2019 – The first annual New Jersey Cannabis Convention is coming to the Atlantic City Convention Center for two days of business and medical education September 14-15, 2019. NJCANN will be the largest gathering of New Jersey’s medical marijuana industry professionals, and ultimately those looking forward to the

By |2019-12-18T12:34:37-07:00September 11th, 2019|Government and Policy|