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

Canna Law Blog

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.

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Cannabis Taxation: C Corp, S Corp, LLC, LLP, Partnership, Nonprofit, or Something Else for Your Cannabis Business?

Canna Law Blog

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?)

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Australia Cannabis Q&A

Canna Law Blog

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.

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Compliance over Enforcement: The New Normal For Washington Marijuana Businesses

Canna Law Blog

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.

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Michigan Cannabis Industry Must Be Prepared for Environmental, Health, and Safety Compliance Inspections from EGLE and MIOSHA

Dykema (Cannabis Law Blog)

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),

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File Under Bad Ideas: 50/50 Cannabis Business Ownership

Canna Law Blog

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!

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Licensing Cannabis Trademarks: What You Need to Know

Canna Law Blog

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.