Maryland Cannabis Financing Guidelines for Licenses in 2024
In a recent update, the Maryland Cannabis Administration (MCA) has issued new guidelines to help cannabis licensees that want to open a dispensary in Maryland explore alternative financing options. This guidance aims to provide businesses with various ways to raise capital or engage in partnerships while adhering to Maryland’s regulatory framework. Here’s a breakdown of […]
Everything You Need To Know About Operating Agreements
By Thomas Howard. He has over 10 years of experience in corporate and cannabis laws nationwide. Venturing into the cannabis industry involves more than just an entrepreneurial spirit; it’s a journey through a labyrinth of legal intricacies and operational challenges. In this blogpost, you’ll learn more about operating agreements. Precise planning and structured agreements […]
Business Law Consulting: The Key to Success in Cannabis
In the fast-paced and ever-evolving cannabis business landscape, having access to expert legal guidance is crucial for the success of any company. Attorneys, with their deep knowledge of the law and extensive experience, can provide Business Law Consulting for your business. Whether you are a startup, a small business, or an established enterprise, partnering with […]
Asset Purchase Agreements: What is an asset purchase agreement?
An asset purchase agreement is a legal contract between two parties, in which one party agrees to sell and transfer ownership of certain assets to the other party. The purchased assets may be tangible or intangible and can include things like property, equipment, shares in a company, or intellectual property. An asset purchase, or a […]
Illinois Cannabis Lottery – How to calculate the odds of winning multiple licenses.
Illinois Cannabis Lottery – How to calculate the odds of winning multiple licenses. Starting 2020, Illinois became the 11th state to legalize recreational cannabis, letting adults 21 years or older buy cannabis from medical dispensaries while applicants prepared their applications to obtain an adult-use cannabis license. In this sense, the state established a system in […]
How to Build Cash Flow Statement for Your Cannabis Business
Need Help to understand your “Cash Flow Statement”? Then this is the right place for you! The hasty growth and dynamic nature of the cannabis industry have culminated in barbarian and hyper-inflated business valuations, making it immensely tough for companies to derive in on a fair valuation as they follow to amass in the up-and-coming […]
Filibuster and Federal Marijuana Legalization
Filibuster and federal marijuana legalization Last years have been very important for cannabis legalization. Currently, fifteen states, two territories and the District of Columbia have legalized cannabis for adult recreational use. New York is the most recent state to legalize cannabis, which was passed in late March 2021, during New York’s 2021 session. And the […]
Board Member Agreements & How to Control Corporate Owners
Board Member Agreements & How to control Corporate Owners In the Cannabis Industry, having the right partners is essential. In practice, a lot of times you will be looking at a “49/51 deal” in which one of the partners has a 51 percent and there’s a second partner –or a number of partners- that share […]
Business Succession Planning with Trusts
For a quick assessment of your needs – let’s talk to discuss how Trusts can help your business. Business Succession Planning with Trusts Understanding how a trust can help with your business succession is key to assuring your financial stability, both in planned transitions and unplanned transitions of your business. You may be looking ahead […]
When Is An LLC Needed
We want to help you out on your business journey and explain to you when a corporate liability shield, like an LLC or corporation is needed or not. As small business owners it can be extremely valuable to find guidance in what you should be doing for your business and when. We are going […]
