Business Law
Business Law News 2019, Issue 4
Content
- 2019 Bankruptcy Truisms: "Rejection" of an Executory Contract Means "Breach," and Not "Rescission," and a Trademark Is Not a Type of Intellectual Property
- An Artistic Defense to Claims of Trademark Infringement: Examining the Lawsuit Over Netflix's Use of "Choose Your Own Adventure" Phrase in the Interactive Film Black Mirror: Bandersnatch
- Are 'Bad' Marks Good for Business? Implications of the Supreme Court's Approval of Scandalous & Immoral Trademarks
- Bln Editorial Board: Letter from the Issue Editor
- Business Law News Editorial Team
- Executive Committee: Message from the Chair
- Executive Committee of the Business Law Section 2019-2020
- Gordon K. Davidson Receives Business Law Section's 2019 Lifetime Achievement Award
- #MeToo—Can It Be Used as an Excuse? Frustration of Purpose and Other Theories Used to Excuse Performance in Entertainment and Business Deals
- Standing Committee Officers of the Business Law Section 2019-2020
- Table of Contents
- Tech Employers Be Ready: Understanding Changes to California's Harassment and Hostile Work Environment Laws
- Cannabis Clients-High Times, or Buzz Kill?
Cannabis Clients-High Times, or Buzz Kill?1
Neil J. Wertlieb
Neil J. Wertlieb is an experienced transactional lawyer, educator, and ethicist, who provides expert witness services in disputes involving business transactions and corporate governance, and in cases involving attorney malpractice and attorney ethics. He is a Founding Member and Co-Chair of the California Lawyers Association Ethics Committee. The views expressed herein are his own. For additional information, please visit www.WertliebLaw.com.
In November 2016, California legalized marijuana for recreational use.2 The new law created tremendous business opportunities for entrepreneurs, investors, and others—including attorneys, many of whom jumped into a new practice area of advising operators, growers, distributors, dispensaries, and other participants in the cannabis marketplace.
However, while recreational and medical use is now legal in California, marijuana remains a Schedule 1 restricted drug under the Federal Controlled Substances Act,3 which prohibits the production, distribution, sale, use, and possession of marijuana.