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

Canna Law Blog

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. Corporate authority Disputes over ownership and authority are all too common in this industry, often due to outdated or nonexistent governing corporate documents.

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Why Cannabis LLCs Need Operating Agreements

Canna Law Blog

Many entrepreneurs attempt to piece together documents on their own, but this often leads to mistakes that can cause significant legal and financial problems down the line. Starting a cannabis business is costly, and it can be tempting to skip “optional” documents like operating agreements. But thats a major misstep.

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How a Lawyer Can Aid Cannabis Entrepreneurs in Starting and Growing their Business

Connor & Connor PLLC

Another crucial role of a cannabis lawyer is assisting with the preparation of essential documents, such as affidavits, contracts, and other supporting materials required for your application. Lawyers can notarize documents, ensuring that everything is legally binding and properly filed. References: Wathne, O.

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Colorado Continues Enforcing Intoxicating Hemp Regulations – Will More States Follow?

Canna Law Blog

Industry friction and compliance challenges Adjusting product formulations and packaging can be costly, particularly for small and mid-sized companies. The state alleged the company: Misled customers about product sourcing; Lacked proper licenses and documentation; and Failed to implement online age-gating for products containing 9 THC.

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File Under Bad Ideas: 50/50 Cannabis Business Ownership

Canna Law Blog

The first thing any (good) lawyer will do is ask to see all corporate governance documents of the company–things like bylaws or a shareholder agreement for a corporation or an operating agreement for an LLC. Here are the three most common scenarios: The company doesn’t have any written corporate governance documents.

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Cannabis Investors and How to Deal

Canna Law Blog

Normal due diligence documents requested by cannabis investors and attorneys Securities-related contracts for both private and public cannabis companies and their investors can seem daunting. These include foundational company documents like articles of incorporation and certificates of formation. You need more.

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Navigating Medical Marijuana and Employment in Massachusetts: What You Need to Know

Canna Care Docs

Employees seeking accommodation should be ready for an interactive process with their employer, which may include providing documentation from a healthcare provider. Knowing these details will help you have a more effective conversation with your employer and show that you are committed to compliance.