Lawfully Good

Morgan Davis, Davis Legal

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Entrepreneurship

A podcast for the risk-tolerant business owner with Attorney Morgan Davis.

5d ago

Is the DEA Banning Kratom? The Truth About 7-OH and MGM

The DEA is scheduling 7 hydroxy and MGM. If you're a Kratom producer, this episode is for you.The DEA has announced its intent to temporarily place 7-hydroxymitragynine (7-OH) and three related substances—mitragynine pseudoindoxyl (MP), MGM-15, and MGM-16—into Schedule I of the Controlled Substances Act. The proposal targets synthetic or enhanced 7-OH products and related compounds, while stating that botanical kratom products below the specified 7-OH threshold are not the focus of this temporary action.At the state and federal level, a big convergence is happening. I'll discuss what is coming out of the DEA and address the latest from FLORIDA on the topic. This episode was recorded on July 21, 2026. +++++++++ THIS CONTENT IS MEANT TO ASSIST IN A GENERAL UNDERSTANDING OF THE CURRENT LAW AND PRACTICE RELATING TO THE TOPICS DISCUSSED. IT IS NOT TO BE REGARDED AS LEGAL ADVICE. COMPANIES OR INDIVIDUALS WITH PARTICULAR QUESTIONS SHOULD SEEK THE ADVICE OF COUNSEL.
Jul 8

Will State Hemp Programs Survive a Federal Hemp Ban?!

Will state hemp programs survive if the federal government severely restricts hemp? This is one of the most common questions I'm hearing from hemp operators, retailers, manufacturers, and consumers right now. The first thing we need to clarify is this: Despite what many headlines suggest, the federal government is not currently "banning hemp." What is being proposed would dramatically narrow the legal pathways available to the hemp industry at the federal level. That's a big deal—but it's not the same thing. The bigger question is what happens next. If federal law changes, do state hemp programs disappear overnight?Do state licenses become worthless?Do businesses have to shut their doors immediately? The short answer is: probably not. And we know this because we've already run this experiment for more than 50 years with marijuana. In this episode, Attorney Morgan Davis breaks down: Federal prohibition vs. federal preemptionWhy state hemp programs may continue to exist even if federal law changesWhat marijuana can teach us about the future of hempThe relationship between state law and the Controlled Substances ActWhat hemp operators should be watching right now The distinction between federal prohibition and federal preemption may end up being one of the most important legal concepts for the hemp industry over the next several years. Let's break it down. +++++++++ THIS CONTENT IS MEANT TO ASSIST IN A GENERAL UNDERSTANDING OF THE CURRENT LAW AND PRACTICE RELATING TO THE TOPICS DISCUSSED. IT IS NOT TO BE REGARDED AS LEGAL ADVICE. COMPANIES OR INDIVIDUALS WITH PARTICULAR QUESTIONS SHOULD SEEK THE ADVICE OF COUNSEL.
Jul 1

The Silver Tsunami: Buying a Boomer's Biz

Did you know that millions of Baby Boomer-owned businesses are expected to change hands over the next decade? This phenomenon is often called the Silver Tsunami—a massive wave of business owners reaching retirement age and looking for someone to take over the companies they've spent a lifetime building. The challenge? Many of their children or family members don't want the business. That means thousands of profitable HVAC companies, accounting firms, landscaping companies, law firms, manufacturing businesses, and other Main Street businesses are looking for buyers. For entrepreneurs, this may be one of the greatest wealth-building opportunities of our generation. In this episode, Attorney Morgan Davis discusses: What the Silver Tsunami isWhy so many Baby Boomer-owned businesses are for saleHow buying an existing business differs from starting one from scratchCommon legal and operational mistakes buyers makeWhat due diligence should look like before you sign anythingHow to protect yourself during a business acquisition Forget Wall Street. Let's talk about buying a Main Street business. +++++++++ THIS CONTENT IS MEANT TO ASSIST IN A GENERAL UNDERSTANDING OF THE CURRENT LAW AND PRACTICE RELATING TO THE TOPICS DISCUSSED. IT IS NOT TO BE REGARDED AS LEGAL ADVICE. COMPANIES OR INDIVIDUALS WITH PARTICULAR QUESTIONS SHOULD SEEK THE ADVICE OF COUNSEL.
Jun 24

The Handshake Deal That Will Cost You Everything (Business Partnerships Explained)

Starting a business with a friend can feel exciting, informal, and full of possibility… until expectations stop matching reality. Let's break down a common business partnership scenario: A founder brings on a trusted friend or consultant to help launch a company. There are conversations about future equity, ownership, and “making it big.” Everyone is optimistic. Nobody puts anything in writing. Fast forward two years:The business is operating, but not thriving yet.The relationship is strained.One side feels taken advantage of, and wants to cash out.The other side feels blindsided. Now everyone is arguing over compensation, ownership percentages, unpaid labor, and what was "promised." This is why handshake deals become expensive. In this episode, Morgan discusses: Business partnership agreementsVerbal promises vs. written contractsEquity discussions and ownership disputesFounder expectations and legal riskWhy good relationships still need good documentationHow to protect your business before conflict startsIf you are starting a business, bringing on a consultant, discussing equity, or entering a partnership of any kind... this conversation matters! And if you need help getting all this figured out, let's talk. +++++++++ THIS CONTENT IS MEANT TO ASSIST IN A GENERAL UNDERSTANDING OF THE CURRENT LAW AND PRACTICE RELATING TO THE TOPICS DISCUSSED. IT IS NOT TO BE REGARDED AS LEGAL ADVICE. COMPANIES OR INDIVIDUALS WITH PARTICULAR QUESTIONS SHOULD SEEK THE ADVICE OF COUNSEL.
Jun 18

June 2026 Hemp Law Updates: Buckle Up, Buttercup!

One of the biggest needs in the Hemp and Cannabis Industry is an understanding of regulation changes at the federal, state, and even local levels. It's basically a full time job keeping track of all the changes... so my gift to the industry? I round up the biggest changes in the hemp industry since my last episode. Non-compliance is not a theoretical threat. People are facing charges and saying "I didn't know" is not sufficient. So let's keep you informed and protected. Here are the federal and state-by-state updates I'll cover in this month's episode: Texas NebraskaFederal GovernmentNorth CarolinaSouth CarolinaIllinoisCaliforniaOhioNeed a monthly FULL 50 STATE review, specific to your product line? Davis Legal offers monthly retainer clients a robust, custom view as to where you can and cannot sell. Contact us to learn more about this service; must be currently distributing in 10+ states across the US. This episode was recorded on June 16, 2026. +++++++++ THIS CONTENT IS MEANT TO ASSIST IN A GENERAL UNDERSTANDING OF THE CURRENT LAW AND PRACTICE RELATING TO THE TOPICS DISCUSSED. IT IS NOT TO BE REGARDED AS LEGAL ADVICE. COMPANIES OR INDIVIDUALS WITH PARTICULAR QUESTIONS SHOULD SEEK THE ADVICE OF COUNSEL.
Jun 17

HHC Update: Banks and Payment Processors Are Pulling Back

Last month, the DEA designated Hexahydrocannabinol (HHC) as a Schedule I controlled substance and assigned it a unique drug code. Since then, lawsuits have been filed challenging the DEA's rulemaking in both the Fourth and Ninth Circuits. But while the courts are still sorting things out, something else is already happening: Banks and payment processors are making decisions. Across the country, hemp businesses are reporting that merchant processors are warning them to remove HHC products, or risk losing access to credit card processing altogether. In this episode, Attorney Morgan Davis discusses: The DEA's HHC scheduling decisionThe lawsuits challenging the rulemakingWhy payment processors are reacting nowThe business risks of continuing to sell HHC productsWhat hemp retailers and manufacturers should expect next Whether you manufacture, distribute, or sell hemp products, understanding what is happening with HHC right now is critical. Because sometimes the market reacts long before the law is settled. +++++++++ THIS CONTENT IS MEANT TO ASSIST IN A GENERAL UNDERSTANDING OF THE CURRENT LAW AND PRACTICE RELATING TO THE TOPICS DISCUSSED. IT IS NOT TO BE REGARDED AS LEGAL ADVICE. COMPANIES OR INDIVIDUALS WITH PARTICULAR QUESTIONS SHOULD SEEK THE ADVICE OF COUNSEL.
Jun 10

Roadside Saliva Tests & Your 4th Amendment Rights

Let's talk about Roadside Saliva Tests for Illegal Substance Detection — and the potential violation of your 4th Amendment rights. Here is a scenario: You're driving home and a cop pulls you over. They say they smell something, and they subject you to a roadside saliva test. It tests positive for THC. Let me walk you through your rights. +++++++++ THIS EPISODE IS MEANT TO ASSIST IN A GENERAL UNDERSTANDING OF THE CURRENT LAW AND PRACTICE RELATING TO THE TOPICS DISCUSSED. IT IS NOT TO BE REGARDED AS LEGAL ADVICE. COMPANIES OR INDIVIDUALS WITH PARTICULAR QUESTIONS SHOULD SEEK THE ADVICE OF COUNSEL.
Jun 3

DEA just scheduled HHC — What it actually means!

The DEA just scheduled Hexahydrocannabinol (HHC) as a Schedule I controlled substance and assigned it a unique drug code. Now, the creation, sale, or distribution of synthetic HHC is a federal violation under the Controlled Substances Act. Let's break down what this actually means in layman's terms. +++++++++ THIS EPISODE IS MEANT TO ASSIST IN A GENERAL UNDERSTANDING OF THE CURRENT LAW AND PRACTICE RELATING TO THE TOPICS DISCUSSED. IT IS NOT TO BE REGARDED AS LEGAL ADVICE. COMPANIES OR INDIVIDUALS WITH PARTICULAR QUESTIONS SHOULD SEEK THE ADVICE OF COUNSEL.

A podcast for the risk-tolerant business owner with Attorney Morgan Davis.

Creator

Morgan Davis, Davis Legal
Years Active

2025 - 2026
Episodes

35
Rating

Clean
Copyright

© 2025 Davis Legal. All rights reserved.