Article Highlights Cannabis Genetics Industry, Greenspoon Marder Client MoneyTree Genetics

Cannabis Blog Jan 30, 2023 Chicago, IL

The Greenspoon Marder Cannabis Team would like to share an encouraging article recently published by the Cannabis Business Times here.

In full disclosure, the article features one of the firm’s clients: MoneyTree Genetics and its owner, Tom Wilson. Regardless of our affiliation, however, the article does an effective job outlining an important issue in the cannabis industry—the legality of selling cannabis seeds and clones.

In short, in April 2022, the cannabis industry learned about a January 2022 DEA letter confirming the DEA’s position that a cannabis seed that has a delta-9 THC concentration that does not exceed 0.3% is legal hemp under the 2018 Farm Bill. Because virtually all cannabis seeds have delta-9 THC concentrations below 0.3%—regardless of whether they eventually produce hemp or marijuana—the DEA letter provides comfort that genetics retailers are not running afoul of federal marijuana laws. Further, the letter at least calls into question the continuing viability of the “Source Rule.” For both sides of that debate, see here and here.

We are proud of the work MoneyTree Genetics is doing and wanted to share that on our blog. For any legal questions concerning cannabis genetics, please contact the author.

About Greenspoon Marder

Greenspoon Marder LLP is a full-service law firm with over 240 attorneys and more than 20 office locations across the United States. With operations from Miami to New York and from Denver to Los Angeles, our firm attracts some of the nation’s top talent in key markets and innovation hubs. Our core practice areas include Real Estate, Litigation, and Transactional Services, complemented by the capabilities of a full-service firm. Greenspoon Marder has upheld a spot on The American Lawyer’s Am Law 200 as one of the top law firms in the U.S. since 2015, and our goal is to provide exceptional client service by developing a thorough understanding of each client’s business needs and objectives in order to provide strategic, cost-effective solutions.

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Article Highlights Cannabis Genetics Industry, Greenspoon Marder Client MoneyTree Genetics

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