Alice in Wonderland: Does Federal Law Apply to Cannabis Employees and Contractors? Most legal issues with cannabis companies have been on central business issues: Consumer health and safety regulations, continued black market activity, dispensary compliance, banking access, taxation, interstate transportation, and the ongoing conflict between the federal status of cannabis (a Schedule 1 drug, like heroin and meth) and the … Read More
“Retirement” or “Severance” and the disclosure of either or neither or both
Topic: Executive CompensationSub-Topic: Compensation Arrangements for Departing ExecutiveCompany: Arena Pharmaceuticals (ARNA) Most small companies have no retirement benefits or pensions, especially entrepreneurial cannabis companies. This follows the pattern of technology company startups over the past several decades. They frequently have severance arrangements for departing executives, and these are quite varied, from “none” to “lots” and every gradation in between Arena … Read More
