Cannabis businesses are usually structured as limited liability companies (LLCs)—and for good reason. LLCs offer far more flexibility than corporations, which are bound by rigid governance rules. To take advantage of this flexibility (and for many other reasons), LLC owners—called members—need a well-drafted operating agreement. Below, we look at a few critical reasons why cannabis
There are many ways to set up a cannabis business, and we like to think that we’ve seen them all. But there’s probably no worse category than 50/50 ownership of a business– a recipe for all sorts of disasters. Let’s look and why that is, and some ways to avoid it. What 50/50 ownership means,
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). But it also comes with its own set of challenges. Unlike in most industries, cannabis operates in a complicated legal gray zone — which
As economists overwhelmingly question the Trump Administration’s tariff policy, one has to wonder if there is a deeper strategy behind his seemingly chaotic moves? While President Trump’s recent push for sweeping tariffs and saber-rattling on global trade might look like bluster or protectionism on the surface, there’s a theory that it’s something far more calculated—a
We always say we aren’t giving legal advice on this blog. Here’s some, though: don’t use or sign a contract given to you by a broker for a transaction, unless that broker is a real estate broker, and unless the form is a real estate purchase agreement. Even then, you almost certainly want lawyer eyes
Australia Cannabis Q&A A. Legal Status & Industry Overview 1. Is cannabis legal for business purposes in Australia? Importation, cultivation, production, and other activities conducted for medicinal and scientific purposes are lawful under federal Australian law when the necessary licenses and permits have been obtained. Growing cannabis for personal use remains illegal in most Australian
Surprising no one, recent findings show that most hemp products sold in Oregon run hot. By this I mean they are generally designed to get you lit. These products are often sold and marketed online without age verification, in packaging attractive to minors, or at unlicensed retail stores. Most labels lack clear potency information, and
HHC is added to schedule II of the 1971 Convention on Psychotropic Substances
I’ve spilled a fair bit of ink on Ballot Measure 119 going back to last summer. Because no good deed goes unpunished, I continue to receive a stream of inquiries regarding associated compliance, e.g., “Where do I get a labor peace agreement?” “What’s this prompt on my CAMP screen?” “What if I don’t comply?” All
Florida’s cannabis and hemp industries are undergoing significant regulatory shifts. From proposed legislation targeting hemp products to new rules affecting packaging and labeling, here’s what you need to know about the latest developments in the Sunshine State. 1. Legislative efforts to regulate hemp products Senate Bill 1030 proposes tighter restrictions on hemp-derived products, including a
Notifications
