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Use a Lawyer for Drafting Cannabis Deal Term Sheets

Canna Law Blog

For bigger or more complicated deals, or for deals with a difficult opponent, this can be a bad idea. What is the point of a cannabis deal term sheet? A term sheet (also referred to as a letter of intent or LOI ) is an outline of key deal points that the parties sign before negotiating a final contract.

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Cannabis Investors and How to Deal

Canna Law Blog

I have spent a lot of time engaging with clients who are dealing with cannabis investors on the front and back end of investments. These documents govern how cannabis company owners deal among themselves, their investors, and key employees. I work with companies and investors– from idea inception to litigation.

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Cannabis Transactions: I ❤️ Letters of Intent

Canna Law Blog

Parties typically circulate an LOI early on in a cannabis deal, when they are dialing in big-picture terms like purchase price and payment terms. In complex deals, you may see longer LOIs that include complex provisions, but even those are much more abbreviated than definitive agreements. It’s effectively the same thing.

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Your Cannabis Business Structure or Transaction: Planning > Doing

Canna Law Blog

Some of these callers havent yet taken any formal steps; others are partway down the road, amid some episode with legal atmospherics; and a third group is similar to the second group, but dealing with self-inflicted wounds. Most business deals are not particularly complex. Were talking about the third group today. Dont dodge!

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Cannabis IP Licensing 101

Canna Law Blog

Cannabis intellectual property (IP) licensing deals can be complicated, presenting unique issues. With any licensing deal, the first step should be determining who actually owns what IP. Though these licensing deals can be complicated, there are creative and effective solutions to many of these problems.

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Buyer Beware: Five Key Due Diligence Items When Buying a Cannabis Business

Canna Law Blog

These deals often move fast, with brokers rushing both sides toward closingfrequently without regard for applicable diligence and cannabis regulations. Know the red flags and find them. Our cannabis business attorneys regularly handle transactions involving the purchase and sale of licensed cannabis businesses.

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Please Do Not Use Agreements from Brokers

Canna Law Blog

Im also not writing this because I don’t want people to use brokers (I refer people to brokers all the time ), or because deals need to be complex or unduly expensive. As I wrote last month: Most business deals are not particularly complex. Happy to lose that work. If they are, you may be doing it wrong.