Cannabis Transactions: I ❤️ Letters of Intent
Canna Law Blog
MAY 28, 2025
In cannabis contract negotiations, it’s common for the parties to execute an early-stage document called a letter of intent (“LOI”). An LOI may also be called a term sheet; naming it one over the other has no legal significance. I love these little agreements and today I will tell you why. LOIs are used in most cannabis real estate and M&A transactions, but they can be used for any kind of contract negotiation.
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