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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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Cannabis Transactions: I ❤️ Letters of Intent

Canna Law Blog

There are few worse feelings in lawyering (and, I image, for a business) than drafting a suite of contracts, only to have the counterparty respond “this isn’t really what we agreed upon.” Binding versus nonbinding versus hybrid LOIs LOIs are usually nonbinding, or nonbinding with just a couple of binding terms (e.g.,

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Medical Program Decline

Canna Care Docs

Factors Behind the Decline Several factors have contributed to the declining patient enrollment: Accessibility : Many medical-only dispensaries have closed or transitioned to hybrid models, reducing options for patients. Efforts to incentivize dispensaries to keep their medical licenses have had limited success.

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Review: Grand Master Sexy by Kaviar

Illinois News Joint

From events to product names, it’s refreshing to see brands have fun with their businesses. Grand Master Sexy is an indica-leaning hybrid cross of Scotty 2 Hotty and Oreoz. Kaviar is no stranger to playfulness, releasing strains such as Blue Unicorn Poop.

Indica 59
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Colorado “Healing Centers” Could Lay Groundwork For Widespread Psychedelic Therapy

Veriheal

The Colorado Department of Revenue has designated the Natural Medicine Division to license and regulate businesses that offer psilocybin-assisted therapy. Owners Owners of natural medicine therapy locations must apply for an owner’s license to operate their businesses legally in Colorado.

Therapy 59
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Nova Provides Business and Growth Updates

Cannabis Law Report

Nova has also announced that it has retained the services of Loderock Advisors Inc. (“ Loderock Advisors “) to provide strategic investor relations and capital markets communication services to the Company, and have retained Hybrid Financial Ltd. (“ Hybrid Financial “) to provide marketing services to the Company.

Business 105
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Connecticut’s ‘Cannapreneurs’ Can Now Apply for Recreational Cannabis Business Licenses

Veriheal

Since Connecticut lawmakers embraced Senate Bill 1201 in June 2021, wannabe cannabis business owners have been eagerly waiting to get involved in the fresh adult-use (recreational) market. Fortunately for retailers and cultivators — two available business license types — the wait is over. Hybrid Retailer : Feb. Retailer : Feb.