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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. Boilerplate leases often dont meet cannabis compliance standards, so a careful review is critical.

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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. LLC law contains subtle legal nuancesparticularly in the highly regulated cannabis industrythat require professional insight to navigate properly.

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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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General Counsel’s Corner: Cannabis Use in Hospitals

Cannabis Law Report

These include: How is the cannabis product identified as a legal substance under state law and in what form should it be permitted? Some organizations have addressed these issues by adopting sample hospital policies based on their respective state’s laws. Self-administration is prohibited. 1 See [link] and [link].

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Federal Commission Urges Cannabis and Psychedelics Research For Vets

Veriheal

Despite the novelty of its drug policy findings, the document has gone largely unnoticed by reform advocates and the media. Bureaucracy and Compliance Limit The Ability to Conduct Swift and Proper Research . are already using cannabis in compliance with state laws to treat a host of mental health conditions.

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Cato Institute “Cannabis Banking: A Clash Between Federal and State Laws”

Cannabis Law Report

For instance, Visa and Mastercard bar their networks from being used in the cannabis industry so long as federal laws remain unchanged. The State of Banking. Rather there are just too many legal risks and compliance costs, so most financial institutions stay away.

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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. Without compliance boxes checked, the operation will not be able to launch. Compliance. The good news is that it doesn’t have to be navigated it alone.