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FEDERAL JUDGE NIXES MO. CAPITAL REQUIREMENT

A federal judge rejected Missouri’s state residency requirements for license ownership. It’s a big win for the state industry since Show Me State companies have struggled to find capital in the market.
Grown In

  • In his Cannabis Musings newsletter, Reed Smith Attorney Marc Hauser wrote: “This ruling comes as no surprise, continuing a trend of federal courts finding these requirements unconstitutional.  …What’s really notable to me about this kind of decision is that a federal court is enforcing federal constitutional law about something that’s completely illegal under federal law.  It’s a paradox.”

Quick Hits

  1. The U.S. Supreme Court declined to hear a challenge to 280E.
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