Florida OFR Claims Marijuana and Virtual Currency Are “Emerging Threats”

Marijuana

Florida Office of Financial Regulation recently released a consumer publication, Fast Facts, which claimed that medical marijuana and virtual currency (bitcoins) were “emerging threats” in terms of investments.fast

The pamphlet does not state the factual or anecdotal basis for those statements.

The Fast Facts pamphlet is here.  See page 9.

 

Palm Beach
Palm Beach Bitcoin Case Heats Up With Plaintiff Deposition, Discovery Memo, and Hearing this Week (Est. of David Kleiman v. Craig Wright)

We have been following the bitcoin lawsuit pending down the street at the federal courthouse in West Palm Beach between the Estate of David Kleiman and W&K Defense Research, LLC, on the one hand, and Craig Wright, on the other. Bitcoin enthusiasts believe that Kleiman and/or Wright may either be …

4th Amendment
Yes, Florida Police Check UPS Packages for Drug Shipments

In the recent case of James Johns, III v. State of Florida, the Second District explains the basics of 4th Amendment “Terry stops” while also illuminating the techniques that Florida police use to catch drug shipments sent via UPS (and presumably other carriers). The court sets the scene this way: …

Ethics
A Lot of Lawyers Claim That They Accept Bitcoin… But Are They Doing It Wrong?

A lawyers’ ethics committee appointed by the Nebraska Supreme Court issued an opinion regarding whether lawyers in that state could receive payments in bitcoin; receive payments from third parties in bitcoin; and/or hold bitcoin for their clients.  This applies to any digital currency.  The committee was clearly well-informed and wrote …