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File Under Bad Ideas: 50/50 Cannabis Business Ownership

Canna Law Blog

This is an extremely common set-up for smaller companies where two partners may want to have equal control of a business (I may use the term “partner” in this post for ease of reference, even though they’d be referred to as shareholders in a corporation or members in an LLC). And it happens ALL the time in cannabis.

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America’s Missed Opportunity in the Global Marijuana Market

Canna Law Blog

Unfortunately, state-legal U.S. Of note, in this blog post I use the word cannabis when referring to the entire plant; it is also the word used in the 1961 Single Convention. I use the word marijuana to refer to cannabis exceeding 0.3% THC and hemp when referring to cannabis at, or below, 0.3%

DEA 113
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Locked Out: SBA’s New Lending Policy Targets Hemp and Marijuana-Adjacent Businesses

Canna Law Blog

The updated policy, effective June 1, has far-reaching consequences for small businesses operating in compliance with state law (and for some, in compliance with federal law) – especially those selling hemp-derived foods, supplements, and cosmetics (collectively, Consumable Hemp Products).

Policy 57
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Marijuana Mayhem

MJ Business Attorneys

Marijuana industry operators were left unfazed when Jeff Session’s marijuana enforcement memorandum was released in January and the Obama era “Cole Memo” was rescinded, which relaxed the use of federal resources to prosecute marijuana businesses in compliance with state law.

Marijuana 100
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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.

Law 98
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Navigating cGMP For Hemp & Cannabis

Cannabis Law Report

cGMP refers to the current Good Manufacturing Practices enforced by the FDA. Because they are held to consistent standards and must prove compliance with these standards, companies which obtain GMP certifications can often present stronger acquisition targets. We apply our entirely subjective bong score to each event. Previously, Ms.

Hemp 76
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Federal Agencies Provide New Guidance for Hemp Banking

Canna Law Blog

Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law. The joint guidance makes clear that banks have discretion about what services to offer, but that bank clients must comply with applicable law.

Banking 97