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Cannabis Workers, Unemployment Insurance, and the Small Business Administration: What You Need to Know

NORML

There is no doubt that the COVID-19 pandemic is adversely impacting businesses around the world, and smaller businesses especially. In short, federal anti-drug laws continue to define the state-authorized cannabis industry, and those who work in it, as drug felons. even if the business is legal under local or state law.”

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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.

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Congress To Vote On Cannabis Banking Bill Next Week

NORML

Majority Leader Hoyer on Friday announced that members of the House are anticipated to hold a floor vote next week on The SAFE Banking Act (HR1595), which explicitly permits banks and other financial institutions to work directly with state-legal marijuana businesses.

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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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Intoxicating Hemp Swindle

Project CBD

A new study from an industry advocacy group in California examines the content of dozens of unregulated intoxicating “hemp” products that are easily available in the Golden State despite being banned by state law. The study, entitled The Great Hemp Hoax , was released Feb. percent THC. A New York Times story (Jan.

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California’s AG Argues “none of the state’s cannabis businesses operating on provisional licenses are entitled to due process under state law.”

Cannabis Law Report

California’s attorney general argued in a recent court filing that none of the state’s cannabis businesses operating on provisional licenses … Read More. The post California’s AG Argues “none of the state’s cannabis businesses operating on provisional licenses are entitled to due process under state law.”

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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.

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