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bitconnect scam

Bitconnect – Why Crypto Needs Regulation

The Bitconnect scam is a good example of why crypto investors should not fear regulation. If you haven’t heard of the recently-shuttered cryptocurrency platform, it had all the hallmarks of a Ponzi scheme. Despite blaring warnings from the internet writ-large, investors chased after too-good-to-be-true returns and lost nearly everything. The Bitconnect Scam Bitconnect described itself as…

cryptocurrency pump and dump

Whistleblower Awards From Cryptocurrency Pump and Dump Schemes

So it looks like the Commodities Futures Trading Commission (CFTC) is taking a hard look at cryptocurrency pump and dump schemes. And its offering awards to whistleblowers of 10 to 30 percent. That’s good, because manipulation has always been one of my chief concerns about crypto markets. Consider that market manipulation is generally illegal in…

ICO regulation

The ICO Is Dead – The Securities Token Offering Is Next

2017 was the year of the Initial Coin Offering or “ICO”. I believe 2018 will be the year of the Security Token Offering or “STO”. What does this even mean, and why should you care? THE ICO’s LATENT DEFECT – ITS A SECURITIES OFFERING Prior to 2017, the ICO was rare. There was the Ethereum…

Polymath

Polymath Security Tokens – The Future of Crypto

This is going to sound like a bold claim: Polymath is the biggest thing in crypto. I know, everyone seems to be focused on the “next bitcoin” or “next ethereum.” And Polymath is not it. So why is Polymath such a big deal? Because it aims to put the stock market on the block chain….

Cannabis Microbusiness

The Costs and Benefits of a Cannabis Microbusiness Licence

This blog post will discuss the “microbusiness” license available under California’s Medicinal and Adult-Use Cannabis Regulation and Safety Act (the “Cannabis Act”). A microbusiness license is for operations that want to handle small batches of cannabis products from cultivation to retail. A detailed description of the information necessary to apply for a microbusiness license  can be found in…

marijuana business

So, you want to open a marijuana business?

Updated February 20th, 2018 A few days ago, California joined a handful of other states to legalize marijuana for recreational use. But you already knew that. That’s why you’re here, to find out what’s involved. Legal Marijuana in California If you’re in California, there are nearly 180 provisions that make up the Medicinal and Adult-Use…

marijuana illegal

PSA: remember California, marijuana is still illegal under federal law

Now that marijuana is legal for recreational use in California, individuals and businesses can forget that marijuana is still illegal under the Controlled Substances Act (CSA). And federal law trumps state law. Not only that, the Department of Justice may be enforcing federal law in California. Now, I’m not a criminal attorney, and you aren’t my…

An Everyday Example of Trade Secret Theft

Trade secret theft is everywhere. Competitors are always trying to get (unfair) advantage over the competition. Here’s how it happens. The Backdrop A few months ago, I utilized a service that is part of the sharing economy. You know, a service where you order something from an app, then a driver brings it to you….

marijuana business plan

The Wrong Business Plan for a Medical Marijuana Dispensary

I filed a class action lawsuit today against a San Diego medical marijuana dispensary. While I have filed more than a hundred class action cases, this one felt different. I felt bad for the defendants. Why did I feel bad? Because out of all the cases I’ve filed, this is the only one where the…

cryptocurrencies securities

Can the SEC Measure Whether Cryptocurrencies like Bitcoin Are Securities?

I’ve been studying cryptocurrencies and blockchain with considerable interest for some time now.  As a lawyer, one of my favorite intellectual exercises is comparing new phenomena to existing legal standards. A. ARE BLOCKCHAIN ASSETS SECURITIES? While the world continues to incorporate and adapt to the emergence of blockchain technologies, there is much regulatory uncertainty in…

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