Cannabis businesses are usually limited liability companies (LLCs). There are a lot of reasons for this, starting with the fact that LLCs are more flexible than corporations, which have much more rigid rules. To take advantage of those flexibilities, and for a lot of other reasons, LLC owners (called members) need an operating agreement. Below,
The intersection of state and federal law on cannabis has led to some interesting situations at the border, especially where cannabis related property is seized. States such as Washington, Oregon, and California have legalized cannabis for all uses, while the federal Controlled Substances Act still prohibits marijuana distribution and sale anywhere in the United States.
الأسئلة الشائعة حول القنب في المكسيك نظرًا لأننا نُعدّ واحدة من مكاتب المحاماة الأمريكية القليلة جدًّا التي تمتلك مكتبًا في المكسيك وتتولى الشؤون القانونية المتعلقة بالقنب في المكسيك، فإننا نتلقى باستمرار أسئلة حول الوضع الحالي لنظام القنب في المكسيك، وما يمكن توقعه في المستقبل. موقفنا من القنب
Last week, D.C. Council Chairman Phil Mendelson called a vote on emergency legislation that aimed, in part, to give the Council the authority to shut down any business that gifts marijuana. Although the proposed bill did not pass (by only one vote), Mendelson’s bill reveals ongoing tension regarding D.C.’s legally questionable cannabis “gifting economy” and
Colombia has issued regulations on the import and export of cannabis products. Joint Resolution 539, issued in concert by four Colombian ministries on April 1, 2022, follows up on Decree 811 from last July, which expanded the scope of legal activities involving cannabis. The regulations specify which approvals are needed to import or export different
The days where the Federal Trade Commission (FTC) pays no mind to cannabis businesses (marijuana and hemp) are long gone. These days, the FTC is treating consumer complaints regarding hemp and marijuana businesses similar to complaints against businesses in other industries. The self-proclaimed mission of the FTC is to: “prevent anticompetitive, deceptive, and unfair business
New York snuck a pretty significant tax break for cannabis businesses into its 2022 budget. The Revenue Bill included a state tax deduction for cannabis related business expenses that are currently disallowed by § 280E of the federal tax code. We have seen this strategy in other “canna friendly” states and it’s a welcome development.
We work with international cannabis companies that operate in the U.S., and we regularly field inquiries from others who want to enter the U.S. market. Some are already selling into the U.S. market through an intermediary like a broker or a sales agent. In the United States, there are four main ways to enter the
Like companies in any other industry, licensed cannabis companies typically carry insurance and sometimes find themselves at odds with their cannabis business insurers. Those companies purchase a policy to cover a specific risk for a stated premium and when that risk presents itself, their business insurers suddenly have fine-print explanations for everything. In these situations,
It should come as no surprise that the number of applications for cannabis patents has been steadily increasing in recent years. In this post we discuss the basics of the subject, with a focus in the United States. While patent systems usually bear some similarities, some of the details may be different in other countries.
