Cannabis M&A: Protecting Against Undisclosed Liabilities
Canna Law Blog
JUNE 5, 2024
When someone buys a cannabis business, and not just that business’s assets, they essentially inherit all of its liabilities. And there are usually a lot. If the business is in the midst of a lawsuit, owes back taxes, is behind on rent, etc., the buyer will need to deal with those problems on its own–unless the purchase agreement requires some form of assistance from the seller.
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