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Cannabis Transactions: I ❤️ Letters of Intent

Canna Law Blog

Often, these parties are not serious; or they may be collecting LOIs to try to raise funds off that paper. It’s very important, though, to be clear about the status of an agreement: state law varies on the enforceability of LOIs when the status is not clear. It’s effectively the same thing.

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

Canna Law Blog

Nonprofit Corporation Summary: A mission-driven entity that reinvests profits, if any, to further its stated purpose rather than distributing them to owners. An LLC taxed as a partnership may be perfect for a small, family-run dispensary, while a C corporation may be the best choice for a multi-state operator planning to go public.

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Lex Blog Article: Intellectual Property In The Cannabis Industry – Protecting Innovations And Products, Part II (Patents)

Cannabis Law Report

So while the actual practice or use of a patented cannabis-related invention may be illegal under federal or some state laws, such illegality should not preclude issuance of a patent, if all of the requirements of patentability are met. Pure Hemp Collective, Inc. Pure Hemp Collective, Inc. 3] Diamond v. 18-cv-1922 (D.

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Michigan Legislature Addresses Native American Tribes in New Marijuana Legislation

Dykema (Cannabis Law Blog)

As sovereign nations, tribes can generally make their own rules for their business ventures and members on tribal lands, with state law potentially applicable only in sharply limited circumstances. Generally speaking, tribes regulate and operate their businesses free from state regulation.

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Connecticut Becomes the 20th Jurisdiction to Legalize Recreational Marijuana

Cannabis Law Report

However, employers still must be mindful of the state law protections currently available to medical marijuana users including, among other things, not taking adverse action or otherwise discriminating against someone based solely on their status as a qualifying medical marijuana patient or their possession of medical marijuana.

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Hemp-CBD Across State Lines: Nebraska

Canna Law Blog

which Nebraska’s legislature passed last year to allow for hemp cultivation under state law. which Nebraska’s legislature passed last year to allow for hemp cultivation under state law. Nebraska’s hemp plan follows Legislative Bill 657 (“ LB 657 “) (codified at NE St. § 2-501 et seq.),

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Marijuana Laws Impacting Employers Spread Like a Weed in 2021: A Year in Review

The Blunt Truth

There are numerous positions and industries exempt from the law. And of course, employers still must be mindful of the state law protections currently available to medical marijuana users. Employers can only take employment actions based on contrary federal and state legal requirements (e.g., New Mexico. New Jersey.

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