This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Our cannabis business attorneys regularly handle transactions involving the purchase and sale of licensed cannabis businesses. While we can’t cover everything in this blog post, below are vie key due diligence items you must understand to help protect yourself and your investment. Know the red flags and find them.
Choosing the Right Business Entity in the Cannabis Industry One of the most fundamental questions facing any entrepreneur – whether in the cannabis industry or elsewhere – is: What type of business entity should I choose? Will you own 50% of the business, but your partner wants to claim 100% of the early losses?)
Is cannabis legal for business purposes in Australia? Cannabis businesses must comply with several laws, including: Narcotic Drugs Act 1967 regulates cannabis cultivation and manufacture for medicinal or scientific purposes. Laws apply to business activities of all kinds at the local government level. The specific license type.
SB 5318 forces the Washington State Liquor and Cannabis Board (“LCB”) to make some major institutional changes, requiring the LCB to work with licensees on compliance matters and limiting the LCB’s ability to issue violations. I wrote about this bill back in April when it was awaiting Governor Jay Inslee’s signature.
As the Michigan cannabis industry continues to grow and mature, medical and adult-use licensees would be well served to take proactive steps to ensure compliance with Environmental, Health and Safety (EHS) regulations. Further, the MRA’s administrative rules, Mich Admin Code, R 420.14(4)(c), 4)(c), 420.14(5), Mich Admin Code, R 420.14(6),
There are many ways to set up a cannabis business, and we like to think that we’ve seen them all. But there’s probably no worse category than 50/50 ownership of a business– a recipe for all sorts of disasters. Most partners are aligned at first, but over time a business will have its ups and downs. This is bad!
For many cannabis brands, licensing their trademarks can be a savvy business move (for more information on cannabis trademarks generally, check out our webinar, Trademarking Cannabis: Cutting Through the Legal Haze ). That can trigger licensing obligations, background checks, or other compliance requirements. Were here to help.
Introducing The Hemp Legally Speaking Blog. We are pleased to announce Frost Brown Todd’s (FBT) newest resource – the Hemp Legally Speaking Blog – purpose-built to provide agribusinesses, manufacturers, retailers and other hemp industry participants with timely updates regarding the regulatory overlay for the hemp-derived CBD marketplace.
Cannabis businesses are usually structured as limited liability companies (LLCs)and for good reason. Unless the business has a highly customized structure or multiple classes of equity with distinct rights, a straightforward agreement is usually sufficient. That said, trying to draft an agreement without legal counsel is risky.
Judges are frustrated, businesses are losing money, and lawsuits that should never have been filed are clogging up the courts. If you run a cannabis business, you need to know why this is happeningand how to avoid becoming the next case on the docket. Cannabis litigation is exploding.
Industry friction and compliance challenges Adjusting product formulations and packaging can be costly, particularly for small and mid-sized companies. As a result, many hemp businesses in Colorado have continued selling products that exceed the legal THC thresholds, gambling on limited enforcement.
While we’re on the topic of dramatic legal changes, it’s probably a good idea to talk about a California privacy law that’s about to take effect and require many cannabis and hemp companies across the nation to dramatically change their business practices—the California Consumer Privacy Act (or “CCPA”).
DKB’s expertise and experience with other regulated industries, especially the alcoholic beverage market, can help make sure businesses get it right. tax code; banking procedures; accounting policies and procedures; licensing; operating policies; outsourced accounting; referrals to ancillary service providers; and general business consulting.
One of those five debtors leased property to a company that used the land to grow cannabis in compliance with Washington state law. After filing for bankruptcy, the debtor-landlord continued to accept rent from the cannabis business. This argument historically has prevailed. The Ninth Circuit didn’t agree with the U.S.
Called National Hemp Service, or NHS , the business was to have sold a range of products made from hemp, a strain of cannabis, from a cafe in Mr Corbyn’s Islington North constituency in London. Only last month the Labour leader told the Mail he was giving Tommy the benefit of his business expertise. ‘I
The end to prohibition is in sight, not just in North America, but around the world and businesses are taking note. All that cash is bringing in a lot of new business, but it’s also brought a lot of regulation. Since the start of 2019, hundreds of businesses across the country have been fined by newly created state regulators.
Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts. That is changing.
We are looking for a passionate writer to blog about important legal, political, and regulatory issues in the California cannabis industry. Demonstrated experience in cannabis law, policy, or compliance required. Must complete 1 blog per week 500-700 words written in 1.5 – 2 hours targeting cannabis business owners.
Now that SB-153 is the law, hemp businesses across the state will need to adjust how they operate to ensure compliance with the law. Stay tuned to the Canna Law Blog for more California hemp cultivation updates.
Dispensaries that are approved to operate have to do so in compliance with the regulations put forth by the Missouri Department of Health and Senior Services, such as the certified seed-to-sale system, which tracks inventory and reports it to the state. Featured image by Tiffany Cade on Unsplash.
My guess is that a large number of Oregon businesses are still unaware of the license requirement, and therefore not compliant, and that it doesnt really matter because enforcement is sparse or nonexistent. I dont think Oregon can fix it The OLCC news release offers a sunny subtitle: Agency sets path forward for better compliance.
Cannabis businesses must continue to look to the future, that is what brought us to this point, and while the grow and retail aspects of the market remain local, the future is global. Business must keep abreast of global market trends on legalization and scientific and technological advancements. For more information, visit [link].
It is very challenging to manage finances in any business, especially when it comes to small businesses. Still, there is a lot of perplexity about cannabis business financing. Still, there is a lot of perplexity about cannabis business financing. Financing Options for Weed Businesses.
Twitter is still an important channel for cannabis businesses and cannabis-related businesses to indirectly market their products and services. 10 Twitter Marketing Tips for Cannabis Businesses and Cannabis-Related Businesses. In its latest research , Pew Research Center found that Twitter is used by more U.S.
We have spilled a lot of ink on this blog related to the 2018 Farm Bill , which legalized hemp at the federal level. This blog post is going to cover financial institutions and hemp at about 10,000 feet. This means limited access to institutional lending, ongoing compliance reporting and audits, and short leashes overall.
If it is as good as their daily articles / blogs this will make a great (most likely) one of a kind read for those of you not only interested in what’s happeniong in Oregon in the psychedelics space, but around the country too.
As you know if you have been following our blog for a while, the Oregon Department of Agriculture (“ODA”) updated its testing rules to align with those adopted by OHA. percent total THC, Oregon is reducing the number of hemp business opportunities within the state.
By analyzing this data, growers and businesses can make informed decisions about how to adjust the growing environment to maximize yield and quality. Analysis from AI can help businesses increase customer loyalty and drive sales. For both consumers and companies alike, AI fosters a strong sense of optimization and efficiency.
An-Chi Tsou is the principal at Tsou Consulting, LLC, specializing in state and local regulatory and legislative compliance, guidance, and advocacy. These cities and counties can learn a lot from those who have gone through these headaches before, including city officials and staff, community members, and business owners.
territory sent a joint letter to leaders of the Senate Banking Committee on Monday, to urge advancement of bipartisan legislation that would protect financial institutions that service marijuana businesses. The banking associations from all 50 states and 1 U.S.
Last year, our cannabis business attorneys closed more than $100 million in cannabis company acquisitions, and that shows no signs of stopping in 2019. Cannabis M&A is not your run-of-the-mill business dealing though, and working from boilerplate, rote M&A documents is hugely dangerous. Closing Can Be Chaos.
We have been sounding the bell for at least a few years on this blog on that issue in the specific context of CBD. The State Compliance Boondoggle. Still, in state cannabis licensing, compliance is king and there is no good excuse for breaking basic rules. Don’t make these claims.
As we’ve discussed on the blog previously , the SAFE Banking Act would allow financial institutions to serve state-legal marijuana businesses without fear of federal repercussions. Things are looking better and better for expanded cannabis banking prospects. Here’s hoping Congress heeds the call, and soon.
Understanding these trends is vital for businesses to effectively meet consumer needs and stay competitive in the market. Regulatory Framework and Policy Implications The regulatory framework governing the medical marijuana industry has profound implications for businesses, consumers, and society as a whole.
A Business Plan. Sure, medical marijuana dispensaries aren’t viewed as a traditional business. Before you even begin shopping for a location, make sure you have a business plan that you can show investors. There are a number of ways that your skills can be used to develop a business. Fund your Business.
Entitled the “ Secure and Fair Enforcement Banking Act of 2019 ” (or, the “SAFE Banking Act of 2019”), the bill aims to prohibit federal regulators from penalizing banks and other financial institutions that provide banking services to marijuana businesses, marijuana-related businesses, and their owners and employees.
The proposed rules require that “all production activities are done on premises that are in compliance with state and local laws, including but not limited to zoning, occupancy, licensing, fire safety, food safety, worker protection and building codes.”
BLOGBUSINESSBUSINESS CANNABIS CANADA CANNABIS LEGALIZATION CANNABIS NEWS FEATURED MARIJUANA NEWS 264 VIEWS. Canadian Securities Regulators require public companies to carry a board consisting of a majority of independent directors, so the noted halt may have to do with Pasha’s board being out of compliance.
This has created opportunities for businesses that work alongside cannabis dispensaries to tap into this growing market and increase their revenue. In this blog post, we'll highlight some of the ways your business can benefit from having a relationship with a cannabis dispensary.
A new cannabis lobby group has formed in the European Union, marking the industry’s latest charge towards corporate respectability and legitimate business interests. The European Alliance for Medicinal Cannabis (EAMC) is a Brussels-based, industry-led organisation representing medical cannabis licensed producers across the European Union.
It’s no secret that California’s illicit cannabis market is alive and well; a recent audit showed that there are nearly 3,000 unlawful cannabis businesses in the Golden State. This kind of enforcement activity is a major uptick in comparison to what the BCC had previously done.
The post CannTrust affirms its commitment to regulatory compliance and restoring trust appeared first on Cannabis News | Lifestyle Tips | Expert Opinions | Stocks. As part of its Review of Operations, CannTrust reduces workforce and spend while preserving key talent.
Many of our hemp clients have been asking how these rules would impact their businesses. Because it’s been a while since we ran through program basics , we thought it might be helpful to summarize them here on the blog. percent total THC (THCA converted to delta9 and delta9 THC).
Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.
We organize all of the trending information in your field so you don't have to. Join 14,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content