A crucial question that often arises in conversations with our clients is whether a digital asset that is being offered or planned to be launched soon will trigger compliance with security laws. The answer to the question typically is based on the analysis as to whether the client will issue a security token or a utility token. A security token…
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Conditional Adult-Use Retail Dispensary (CAURD) Cannabis License
The recently established Office of Cannabis Management published the criteria to apply for Conditional Adult-Use Retail Dispensary (CAURD) Licenses, thus opening the doors to the first cannabis legal sales in New York in the next few months. CAURD Licenses will be limited to “justice-involved” individuals, who is someone who was convicted, or had a parent/child/spouse who was convicted, of a…