Cannabis contracts are – in the simplest sense – binding agreements between two parties. But how you get to something being “binding” can be complicated. And in the cannabis industry, where things move a mile a second and people often overlook basic contract requirements, the results can be disastrous. Today I want to focus on
Florida voters will have their say on whether recreational marijuana should be legal On April 1, 2024, the Florida Supreme Court gave the green light to a ballot initiative to legalize adult-use marijuana. The court’s 5-2 opinion, penned by Justice Grosshans, brings an end to years of judicial hairsplitting that saw earlier legalization proposals derailed.
Though the cannabis industry is one of America’s most lucrative new industries — with estimates that it will reach approximately $58 billion in sales by 2028 — the markets in several recreational states are suffering severe financial harm. In states like Oregon, the problems have gotten so out of hand that businesses are even pulling
Washington state took a big step in making the cannabis industry a little greener when the legislature passed SB 5376 which will allow the sale of cannabis waste and cut down on landfill waste. The bill was signed into law by Gov. Jay Inslee, with the help of sisters McKenzie and Avery, on Monday, March
Despite continuously surpassing every other state with recreational cannabis in terms of total retail sales, California’s cannabis industry has faced continuous and far-reaching issues on multiple levels that have only spread even further. From declining sales that result in hundreds of millions less in total retail sales to a massive illicit market that the state
An injunction is a request to the court for immediate relief from harm or potential harm. Its purpose is to stop harmful activity, prevent future misconduct or maintain the status quo during the pending litigation. While courts are often hesitant to grant such relief, recent trends suggest a shift in attitude, especially within the cannabis
Arguably one of the most surprising states to legalize recreational cannabis in the recent past is Arizona. During the tumultuous 2020 election, Proposition 207 was passed by a very considerable 20 percent margin, with more than 650,000 votes in favor of the measure. Not only was the passing vote of the bill itself and its
Cannabis businesses often use letters of intent (LOIs) to get agreed deal terms in writing before spending time and money negotiating the definitive written contract. LOIs can be a big help, especially with a complicated deal. But they are easy to botch, and can lead to some pretty devastating consequences if not done right. Be
If you missed our February 2024 “Cannabis Loans and Investments” Webinar, we have published a full recording and transcript here. Harris Sliwoski partners Vince Sliwoski and Griffen Thornefocused on a constellation of important factors for both cannabis industry investors and businesses in 2024: What the increase in open state markets means for business and investments
It looks like a permanent Oregon cannabis license moratorium will finally take effect. I say “looks like” because key contingencies are still in play and, although things look promising, it could also get dicey as of March 31st— or even sooner. In this post, I’ll explain what’s going on with House Bill 4121, which is
