As a corporate attorney, one of the most common errors I see is failure to implement even basic corporate governance practices. This can lead to astoundingly bad places in certain circumstances. But even when it doesn’t, it is often costly to reconstruct past corporate actions. And that cost can be defrayed relatively easily. One way
We got a lot of good follow-up questions last week after our webinar covering cannabis litigation in the current down market. One of them related to the recovery of attorneys’ fees and how likely that is to happen. Potential recovery of attorneys’ fees is an important consideration at the outset of any case, but can
Black farmers in Florida stand to benefit from a medical cannabis bill passed in the waning days of the state legislature’s 2023 session. HB 837 would give a second chance to farmers passed over during an earlier application process to award what is known as the Pigford Black Farmer License. Pigford refers to a class-action
Cannabis companies move a million miles an hour. Many cannabis companies don’t spend nearly enough time focusing on the “basics,” such as corporate governance and getting things in writing (for more posts on why handshake deals are bad, see articles linked at the bottom of this post). Another area where many cannabis businesses need some
As we noted in our summary of the big Cannabis Control Board meeting on May 11, 2023, one significant revision to the New York adult-use rules and regulations was the creation of the “provisional license.” This mechanism allows applicants to be provisionally licensed without having secured real estate prior to submitting an application. Provisional licensing
New York’s Office of Cannabis Management (OCM) announced they plan to allow conditional cultivators and retailers to organize and sell weed at farmers’ markets this summer. Hopefully, these cannabis farmers’ markets could help unclog New York’s legal weed supply chain. During a meeting with the Cannabis Association of New York, OCM Director of Policy John Kagia told
The California cannabis market is truly struggling all the way around. Cannabis businesses and those who work with them closely face mounting financial pressure. Because of the credit crunch in California cannabis, the state and various impacted distributors and brands are taking steps to help shore up the issues created by cannabis companies that can’t
Today is Memorial Day in the United States. For our international readers, today is designated for remembering military personnel who died while serving in the U.S. armed forces. Here’s to a peaceful day of reflection and appreciation. We will be back tomorrow with our regular programming.
New York’s release of the revised adult-use rules and regulations has been well-publicized. A key revision that was the source of significant speculation was whether the Office of Cannabis Management (OCM) and Cannabis Control Board (CCB) would revise the True Party of Interest (TPI) definition with respect to ancillary service providers and the monetary limits
Minnesota is poised to legalize adult-use cannabis with the approval of HF 100 by the state legislature. Governor Tim Walz is expected to sign the bill soon (and may in fact have done so by the time this post goes live), making Minnesota the 23rd state (plus DC, Guam, the Marianas, and the Virgin Islands)
