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Buying a Cannabis Business: Step By Step

Canna Law Blog

Sometimes, a buyer will “cold call” or drop in to an active business and try to talk up a deal. A purchase agreement will list out each party’s conditions to closing. I wrote about common closing conditions here. If a company has a large unpaid debt, the buyer will condition closing on that debt being paid off.

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Section 280E and The Taxation of Cannabis Businesses

Cannabis Law Report

Section 280E of the Internal Revenue Code prohibits taxpayers who are engaged in the business of trafficking certain controlled substances (including, most notably, marijuana) from deducting typical business expenses associated those activities.

Business 105
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Legal Options for Investors and Owners of a Financially Struggling Marijuana Business

Dykema (Cannabis Law Blog)

This rapid price compression puts tremendous pressure on many marijuana businesses as they face greater competition with ever-slimming margins. However, the doors to the bankruptcy courts are currently closed to marijuana businesses because marijuana is still illegal at the federal level. In contrast, the average price fell to $109.22

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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. The state has licensed dispensaries.

Law 98
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Louisiana Expands State Medical Marijuana Program

MassRoots

Only two facilities are allowed to cultivate medical cannabis for the entire state, and only nine pharmacies are licensed to distribute it to patients. Previously, the number of physicians that were allowed to recommend medical marijuana therapy was limited and so were the conditions that would qualify a person for the program.

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Can You Get Insurance Coverage for Your Cannabis Business?

Cannabis Law Report

An insurance policy can consist of a couple hundred pages that include numerous coverage forms; lists of defined terms of great legal significance such as “occurrence,” “property damage,” and “bodily injury;” pages of exclusions; pages of endorsements that modify the coverage forms; and riders that condition or limit the coverage.

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Cost of Compliance Tips to Get a Cannabis Business off the Ground – Cannabis Business Executive

SpeedWeed

There are five important “categories,” that require company leaders’ utmost focus and attention as they launch a compliant cannabis business in a newly legal state. Non-compliant businesses face the risk of being shut down and attract negative attention to the cannabis industry. One commonality among all states is cost.