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Intoxicating Hemp Swindle

Project CBD

A new study from an industry advocacy group in California examines the content of dozens of unregulated intoxicating “hemp” products that are easily available in the Golden State despite being banned by state law. The study, entitled The Great Hemp Hoax , was released Feb. percent THC.

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Why Cannabis LLCs Need Operating Agreements

Canna Law Blog

LLC law contains subtle legal nuancesparticularly in the highly regulated cannabis industrythat require professional insight to navigate properly. In some states operating agreements are required by law. What happens when a cannabis LLC doesnt have an operating agreement? Ownership and management confusion is common.

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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. If a buyer’s goal is to relocate the business, the lease terms could prevent thator impose serious penalties.

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Licensing Cannabis Trademarks: What You Need to Know

Canna Law Blog

Federal law isnt on your side Under federal law, cannabis with more than 0.3% You might still get some coverage under state trademark laws, or for federally legal products like hemp-based cosmetics or branded merchandise but it takes a strategic approach. Each state has its own rules, and they vary widely.

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Will Texas Legalize Recreational Marijuana?

Veriheal

In the US, the laws determining the status of cannabis use vary from state to state and continue to change over time. Texas has one such cannabis program in flux, with a new bill being introduced that may change the legality of recreational marijuana within the state.

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Cannabis Transactions: I ❤️ Letters of Intent

Canna Law Blog

It’s very important, though, to be clear about the status of an agreement: state law varies on the enforceability of LOIs when the status is not clear. Binding versus nonbinding versus hybrid LOIs LOIs are usually nonbinding, or nonbinding with just a couple of binding terms (e.g., confidentiality, exclusivity).

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Cannabis Taxation: C Corp, S Corp, LLC, LLP, Partnership, Nonprofit, or Something Else for Your Cannabis Business?

Canna Law Blog

Regulatory Questions Do your states cannabis laws mandate a specific type of entity? Some states require licensees to be nonprofits or to operate on a not-for-profit basis.) What is the anticipated impact of IRC 280E on your business model? If you are or intend to become a licensed cannabis entity, 280E will likely apply.