MJ Business Attorneys

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Managing Breach of Contract Disputes in the Cannabis Industry

MJ Business Attorneys

The current economic uncertainty, coupled with stifling regulations, price compression , lack of access to capital, and restrictive banking options are increasing distress and making disputes between business partners more common. The range of agreements in the cannabis industry means that we see a large number of breach of contract disputes at Cantafio & Song, and our team of cannabis lawyers is well-versed in why they occur and how they can best be avoided.

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What the Extreme Drop in Wholesale Prices Means for the Cannabis Industry

MJ Business Attorneys

The severe drop in wholesale cannabis prices in many states over the past year can be traced to a few key factors: Regulatory missteps, high taxes for consumers, and competition from still-thriving illicit markets are contributing to the industry’s current woes. Additionally, in states that were early legalization adopters like Colorado, Michigan, and Oregon, production capacity has caught up to the needs of the mature market and supply continues to outpace demand.

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Addressing Shareholder Disputes in the Cannabis Industry

MJ Business Attorneys

As the legal cannabis industry suffers through a period of distress brought on by global economic woes, along with punitive taxation structures and an oversaturation of products, and plummeting prices, there has naturally been an uptick in internal cannabis business disputes. Incidents of owners suing other owners, shareholders making claims of poor business operations, and disputes between investors are on the rise.

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Navigating the Legal Landscape in a Distressed Cannabis Industry

MJ Business Attorneys

It’s an especially challenging time for cannabis businesses. Although legal cannabis markets exist at some level in the majority of states in the country today, they fight to survive amidst a web of restrictive and confusing regulations that make it difficult for businesses to operate in the black. Cannabis entrepreneurs and investors need to understand the unique legal aspects and learn how to navigate the wobbly industry in order to avoid ruinous financial outcomes.

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5 Things to Watch in the Cannabis Industry in 2023

MJ Business Attorneys

As 2022 draws to a close, we are looking ahead to try and anticipate what 2023 has in store for the cannabis industry. Missouri & Maryland. Voters in five states were asked to consider legalizing adult-use cannabis and two states, Missouri and Maryland, voted to approve implementing adult-use cannabis programs. These two states are home to approximately 12.3 million people between them, dramatically expanding the population of people with access to legal cannabis.

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AMERICAN BAR ASSOCIATION CALLS ON CONGRESS - HOW MUCH CLOUT DOES THE ABA CARRY FOR CANNABIS REFORM?

MJ Business Attorneys

The American Bar Association (“ABA”)’s Criminal Justice Section has issued a report to the House of Delegates urging Congress to enact legislation to “exempt from the Controlled Substances Act any production, distribution, possession, or use of marijuana carried out in compliance with state laws,” to remove marijuana from Schedule I of the Controlled Substances Act, and to enact legislation “to encourage scientific research into the efficacy, dose, routes of a

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Publicly Traded Canadian Cannabis Companies and the US Risk

MJ Business Attorneys

Canadian publicly traded cannabis companies investing into a US federally illegal enterprise. Not smart as a foreigner. What are the risks? More than half of U.S. states have legalized some form of medical cannabis. Eleven states and counting have enacted laws authorizing recreational adult-use. Federal appropriations bills have cut funding for enforcement of federal drug laws pertaining to cannabis.

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