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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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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

Cannabis LLC operating agreements don’t have to break the bank Cannabis entrepreneurs often worry about legal costs, especially in the early stages. That said, trying to draft an agreement without legal counsel is risky. The effort and investment up front can save immense legal costs, delays, and member disputes down the road.

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Buyer Beware: Five Key Due Diligence Items When Buying a Cannabis Business

Canna Law Blog

As with any business, but especially a cannabis business, it is essential to know the state and local licensing/permitting requirements for acquiring, operating, and locating a license. Failing to verify these items could leave you owning a cannabis business that cant legally operate.

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Licensing Cannabis Trademarks: What You Need to Know

Canna Law Blog

For many cannabis brands, licensing their trademarks can be a savvy business move (for more information on cannabis trademarks generally, check out our webinar, Trademarking Cannabis: Cutting Through the Legal Haze ). Each state has its own rules, and they vary widely. Some states require trademark license agreements to be disclosed.

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Cannabis Transactions: I ❤️ Letters of Intent

Canna Law Blog

An LOI may also be called a term sheet; naming it one over the other has no legal significance. Related, a primary function of an LOI is to ensure the parties agree on key terms before spending outsized time and money on legal. Having a good LOI can save a lot of time, legal fees, and headaches down the road.

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

Canna Law Blog

And some business owners like to operate without legal or financial safety netsbut they rarely last long. Do you plan to take the company public, once legally and commercially feasible? Your answers to these and other questions will guide your legal and tax advisors in helping you choose the best business entity and structure.