Remove Business Remove Compliance Remove State Laws
article thumbnail

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. State and local law and compliance This is the number one priority. Laws and compliance obligations for cannabis businesses can vary widely by state, county, and city.

article thumbnail

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?)

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Federal Legislation To Facilitate Interstate Marijuana Commerce Introduced

NORML

Per the release distributed by Senator Wyden : Wyden and Blumenauer’s State Cannabis Commerce Act would make these existing protections permanent and expand them to include all cannabis producers and consumers in compliance with state law. and tribal communities.

article thumbnail

Why Cannabis LLCs Need Operating Agreements

Canna Law Blog

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. In some states operating agreements are required by law.

Banking 77
article thumbnail

How Inflation is Affecting Cannabis: Prices, Closures, and the Job Market

Veriheal

consumers and businesses, inflation dominates current news headlines because of how much it affects every one of our wallets. Since COVID-19 rocked the economy, cannabis businesses and supply chains claim to have been playing catch-up to get back to business as usual. As perhaps one of the most talked-about topics for U.S.

article thumbnail

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 ). Each state has its own rules, and they vary widely. Some states require trademark license agreements to be disclosed.

article thumbnail

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!