In the ever-evolving landscape of the cannabis industry, the use of non-disclosure agreements (NDAs) is becoming more prevalent as the demand for difficult to grow exotic strains increases and more brands and businesses flood the market. Previously we have blogged about the importance of NDAs to safeguard confidential business information. Cannabis businesses should continue to
Cannabis companies are often unclear about what edible products are legal to manufacture and distribute. While some cannabis edibles may be legal on a state level, federal regulations prohibit placing some cannabinoids in food altogether. This legal landscape is often confusing for cannabis edibles manufactures, who see their products as a natural expansion of cannabis
Series LLCs Series LLCs are a relatively new type of entity that more and more states are embracing. Still, many experienced businesspeople are unfamiliar with series LLCs. Below, I break down the concept of a series LLC, their benefits, and some potential issues. What Is a Series LLC? To understand what a series LLC is,
As states slowly but inevitably continue to legalize cannabis medically or recreationally, we often need to be reminded that cannabis is still illegal on the federal level. Due to this widespread, ineffective prohibition, the cannabis industry and its many operators must follow a very extensive and strict set of parameters to ensure that they remain
California’s cannabis taxes are a disaster, with no end in sight. I’ve written about the state’s tax problems extensively, but today I want to talk about what the state can do when it comes to tax collection. Late cannabis taxes? Get used to hefty penalties If a licensed cannabis business fails to timely or fully
Should private equity be involved in health care? If so, in what types of settings? And to what extent? These are baseline considerations around a broad concept referred to as “corporate practice of medicine” (“CPOM”) that state legislatures, agencies, medical licensing boards, courts and attorneys general and grappled with for over a century. The Oregon
California has a population of nearly 40 million, six years of cannabis licensing, but only has about 1,200 licensed dispensaries. These stores are mostly spread out in highly populated areas like Los Angeles, San Francisco, and so on. The problem is that many California cities still prohibit cannabis licensing, even in places where a majority
We are pleased to welcome five outstanding cannabis attorneys to our Washington and California offices. Aaron Pelley, Kristin Westphal, Karen Albence, Aaron John, and Elijah Hartman have joined our law firm from Cultiva Law Group. They will continue to focus on representing cannabis, hemp, and psychedelics-related businesses. Their clients include business owners and operators, investors,
We are pleased to announce the addition of five outstanding cannabis attorneys to our Washington and California offices. Aaron Pelley, Kristin Westphal, Karen Albence, Aaron John, and Elijah Hartman have joined our law firm from Cultiva Law Group. They will continue to focus on representing cannabis, hemp, and psychedelics-related businesses. Their clients include business owners
Cannabis M&A (short for mergers and acquisitions) in California is much more complicated and problematic than in other states. The biggest reason for this is that licenses are not transferrable, which all but eliminates the possibility of asset sales. In turn, this means that deals are much more complicated for both buyer and seller, and
