Legal

Share to Twitter Share to Linkedin A New Hampshire state lawmaker has introduced legislation that would legalize the possession and use by adults of psychedelics such as LSD and psilocybin, the primary psychoactive compound in magic mushrooms. The measure, HB328 , was introduced in the New Hampshire House of Representatives by Republican state Rep. Kevin Verville on January 5. Under the bill, “possession or use of a hallucinogenic drug by a person 21 years of age or older shall not be an offense,” according to the text of the measure. The legislation also reduces the penalties for the possession and manufacturing of lysergic acid, the psychedelic drug commonly known as acid. Online drug policy news site Marijuana Moment reports that while the bill does not specifically list the psychedelics legalized by the bill, New Hampshire state law defines a “hallucinogenic drug” as any substance “which assert a confusional or disorganizing effect upon mental … [Read more...] about New Hampshire Lawmaker Files Psychedelics Legalization Bill

Share to Twitter Share to Linkedin Most startups are built through trial and error. Founders build, test, then pivot. This process is essential to build breakthrough products. But it’s not the best way to approach legally. When it comes to legal matters, trial and error can get extremely expensive. Below are the top five most common legal mistakes for startups and some tips on how to avoid them. Splitting the Equity Up Front A lot of founding teams avoid the hard conversation about individual contributions and commitments by splitting the equity evenly up front without a vesting schedule. This can lead to a number of problems and is how you get “Zombie Founders”—holders of significant equity in your startup that don’t contribute anything of value. To avoid this, have that hard conversation with your co-founders up front and make sure everyone is on the same page. Work out the levels of contribution and commitment each founder can provide, and make … [Read more...] about Top 5 Legal Mistakes For Startups—and How To Avoid Them

The man said he doesn’t identify as a woman and his legal gender change has nothing to do with his sexuality. (Representational) A man in Ecuador legally changed his gender from male to female in a bid to win custody rights of his two daughters drawing flak from transgender and LGBTQ activist groups. 47-year-old René Salinas Ramos told local media that although he doesn’t identify as a woman and the move has nothing to do with his sexuality, Ecuadorian laws prefer mothers over fathers when it comes to the custody of children. “The laws say that the one who has the right is the woman. As of this moment, I am female. Now I’m also a mom, that’s how I consider myself,” Ramos told local media after he legally changed his gender. “I am very sure of my sexuality. What I have sought is that I want to be a mother, so that I can also give the love and protection of a mother,” he added. Claiming that his daughters are living in an abusive environment with their mother, Ramos said … [Read more...] about Man legally changes gender to female to get custody of daughters amid outrage

Share to Twitter Share to Linkedin The U.S. Virgin Islands this week passed legislation to legalize cannabis for adults, bringing the number of states and territories in the United States that have legalized recreational marijuana to 25. Governor Albert Bryan Jr. signed the Virgin Islands Cannabis Use Act (Act 8680) on Wednesday, legalizing marijuana use by adults for medicinal, sacramental and other uses. “From the beginning of the Bryan-Roach Administration, we have worked towards the legalization of the adult use of cannabis, and today, with the hard work of the members of the 34th Legislature and prior Legislatures and the efforts of my team, we are finally here and finally signing into law the Virgin Islands Cannabis Use Act,” the governor said in a statement. “This Act incorporates key aspects of my original proposal, such as one streamlined regulatory scheme for both medicinal and adult use, enforcement powers for the Office of Cannabis Regulation, … [Read more...] about US Virgin Islands Passes Cannabis Legalization Bill

Share to Twitter Share to Linkedin By YEC If you're a new entrepreneur, an important task is ensuring that your business is compliant with all local, state and federal regulations. Some legal matters require immediate consideration, and you will want to address those issues as soon as possible. To help, Young Entrepreneur Council members share 10 essential tasks to handle right away when starting a business. When first starting your business, it's important to get all the legal matters in order as soon as possible. In your experience, what's one legal consideration new entrepreneurs should be sure to handle right away and why? 1. Set up a company mailing address It's important to set up a company mailing address, especially if you are a remote business and don't have a physical location. This address will be used in all of your email correspondence, legal documents, and more. You can set this up through a registered agent or through … [Read more...] about Legal Requirements For Starting A New Business: What Entrepreneurs Should Know

Share to Twitter Share to Linkedin As the legal industry continues to evolve at a rapid pace, it's becoming increasingly clear that generative AI will play a transformative role in how legal services are delivered. From streamlining the contract review process to automating document discovery, generative AI is already being used to improve efficiency and reduce costs in the legal profession. However, this is just the tip of the iceberg when it comes to the potential impact of this technology. As AI continues to advance, it has the potential to revolutionize the way lawyers work and fundamentally change the legal landscape. Those are not my words; they are ChatGPT ’s response to the prompt: Write the opening paragraph for an article about how transformative generative AI will be for the legal industry in the style of Mark A. Cohen, Forbes Contributor . ChatGPT’s answer was rendered in seconds, but it’s impact will linger for a long time. No doubt, … [Read more...] about How Transformative Will Generative AI And Other Tools Be For The Legal Industry?

The Finance Act, 2023 may include an enabling provision or clause that will provide "legal underpinning" for PAN PAN Card in Budget 2023 : Union Budget 2023-24 will likely pave way for the legalisation of the permanent account number (PAN) as a single business identification, the Business Standard reported on January 12, citing a finance ministry official. The government is reportedly mulling rolling out the legal and operational framework for the adoption of the PAN number. This will apply to all businesses securing approvals, the report further adds. The new provision will help investors save a lot of effort as they will no longer have to fill in multiple identifications details - there are 20 different IDs including GSTIN, TIN, and EPFO - for accessing the National Single Window System (NSWS) for project-related clearances and approvals. The move is aimed to simplify the process of starting and running a business and to reduce the compliance burden on … [Read more...] about Budget 2023: PAN card likely to get legal backing as single business ID

Share to Twitter Share to Linkedin (Photo credit: CC BY-SA 2.0 Courtesy David Trawin via Flickr) The ground-breaking cannabis industry gained over $1 billion in funding last year with growing pains to match, featuring not just hefty political concerns but numerous medical ones, from its long-term psychological impacts to seemingly immediate, physical ones . Thanks to an ad-hoc team of experts, though, we're now closer than ever to knowing what we don't know about Mary Jane and--with any luck--to sparking a reefer-research revolution. Yesterday, the National Academies of Sciences, Engineering, and Medicine pre-released a 440-page report summarizing the implications of some 10,000 cannabis-related studies or, pending further study and funding, the lack thereof. Entitled The Health Effects of Cannabis and Cannabinoids: The Current State of Evidence and Recommendations for Research , the wide-ranging review represents insights (and … [Read more...] about Vast Review Of Cannabis Research Finds Medical, Legal Answers — And Lack Thereof

‘WE DON’T GET A LOT OF ACQUITTALS’|  Department of Foreign Affairs (DFA) Undersecretary for Migrants Workers Eduardo De Vega explains his agency’s side during a hearing by the Senate committee on migrant workers which tackled the zero acquittal rate last year in the DFA’s assistance to overseas workers convicted abroad. (Photo by NIÑO JESUS ORBETA / Philippine Daily Inquirer) MANILA, Philippines — None of the more than 1,000 overseas Filipino workers (OFWs) who received legal aid from the government last year as they faced trial abroad were spared conviction and imprisonment, the Department of Foreign Affairs (DFA) reported to the Senate on Tuesday. At a hearing by the Senate Committee on Migrant Workers, senators expressed disbelief that all 1,278 Filipino workers who were charged criminally in the first half of 2022 ended up convicted and serving prison terms. This showed the government’s “sloppy” defense and poor legal assistance in their behalf, Senate Majority Leader Joel … [Read more...] about DFA hit for ‘sloppy’ legal aid for jailed OFWs

Daily Caller reporter Brianna Lyman appeared on Newsmax’s American Agenda on Tuesday and broke down why the left’s recent push for reparations will backfire legally. The city of San Francisco is reportedly considering a reparations plan which would award eligible black residents $5 million payments, according to a 2022 draft plan for the city. The proposal seeks to uphold the city’s “international reputation as a shining progressive gem.” “I think just like on a legal aspect here, you know, the courts have consistently ruled that entitlements like reparations are only permissible to remedy past discrimination if it’s the government that is causing those types of discrimination,” Lyman said. “For instance, there was a case, it was the City of Richmond vs. J. A. Croson and basically the city determined that because of local, state, and federal past discrimination, black-owned businesses were disproportionately affected.” (RELATED: Viral Video Of Climate Activist Greta Thunberg … [Read more...] about Daily Caller Reporter Breaks Down Why Reparations Face Massive Legal Challenges