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

Canna Law Blog

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. State and local law and compliance This is the number one priority.

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Licensing Cannabis Trademarks: What You Need to Know

Canna Law Blog

You might still get some coverage under state trademark laws, or for federally legal products like hemp-based cosmetics or branded merchandise but it takes a strategic approach. Each state has its own rules, and they vary widely. Some states require trademark license agreements to be disclosed.

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Why Cannabis LLCs Need Operating Agreements

Canna Law Blog

Regulators may require licensees to provide operating agreements as part of compliance. In some states operating agreements are required by law. Ownership and management confusion is common.

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

Canna Law Blog

Cons: Double taxation (corporate income is taxed, and dividends to shareholders are taxed again); tends to be the highest tax option overall Higher compliance costs and formalities Bottom Line: Best suited for cannabis businesses that plan to scale quickly, raise significant capital, or eventually go public.

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Understanding Medical Marijuana Laws in the United States

MMJ Recs

This guide aims to provide an in-depth exploration of medical marijuana laws in the USA, offering insights into the regulations, the legal status of medical marijuana, the differences between federal and state laws, patient rights, dispensary regulations, and much more.

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Becoming Human:  How Artificial Intelligence Is Reshaping the Cannabis Industry

NewsMunchies

On the legal front, thanks to disparate state laws surrounding cannabis legalization, AI can ensure companies comply with legal limits for THC content and mitigate the risk of costly fines and legal issues for those not in compliance. Cannabis consumers can have different experiences using the same plant material or strain.

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Manzuri Law Blog Post: The Cannabis Advisory Committee: Going from Puppeteering to Action

Cannabis Law Report

An-Chi Tsou is the principal at Tsou Consulting, LLC, specializing in state and local regulatory and legislative compliance, guidance, and advocacy. As most people know, state law provides very generous authority to local jurisdictions regarding operational requirements and standards. Authored By: An-Chi Tsou.

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