Price Adjustment Contract

Cannabis M&A: Purchase Price Adjustments

In my last post in this series, I discussed how the purchase price is structured in cannabis M&A transactions, and how escrow can be used in connection with the purchase price. Today, I want to discuss how adjustments are commonly made to the purchase price, both during the pre-closing period (between signing and closing), and

FREE Webinar - Cannabis Litigation: What You Need to Know

FREE Webinar – Cannabis Litigation: What You Need to Know

Register HERE! Cannabis disputes are unique. They are typically more complex than disputes involving other industries and they are often “bet the business” affairs. Over the years, we have developed and prosecuted successful litigation strategies for many of our clients across the country and around the world. Harris Bricken litigators regularly advise cannabis and hemp

Intersectionality and the Movement to End the War on Drugs

Intersectionality and the Movement to End the War on Drugs

The year 2020 marked the 50th anniversary of the so-called War on Drugs. As states across the country decriminalize and commercialize legal cannabis, some have declared drugs the winner of the Drug War. There is some truth to this assessment. Two-thirds of Americans currently support decriminalizing marijuana, now referred to by its less racialized, scientific

When Canna, China, and IP Overlap

When Canna, China, and IP Overlap

As regular readers of this blog will know, cannabis businesses face unique challenges when it comes to protecting their brand, particularly in the context of federal trademark registration. The federal government’s ongoing prohibitions on cannabis with THC levels exceeding 0.3%, as well as on a wide range of CBD products, means that marks identifying those

ICYMI: More Changes to City of Los Angeles Cannabis Laws and Regulations

The City of L.A. has had no shortage of tweaks and changes to its cannabis laws and regulations over the past four years. Admirably, as industry issues have arisen, the City and its Department of Cannabis Regulation (“DCR“) have tried to keep pace. At times though, that pace has been glacial much to the chagrin

Lease Headache

California Cannabis Leases: Assignment Headaches

Last month, I wrote a post explaining some of the issues buyers of cannabis businesses face when dealing with the landlords for the purchased business. In a nutshell, leases almost always contain clauses restricting assignment and subletting, and these clauses will often note that certain changes of control of the cannabis tenant are considered assignments