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Current Trends in Bankruptcy for Cannabis Companies

In a recent bankruptcy decision by the Ninth Circuit Bankruptcy Panel (“BAP”), the BAP had the occasion to explore some of the intricacies of how the Bankruptcy Code interacts with the cannabis industry. Burton v. Maney, 610 B.R. 633 (B.A.P. 9th Cir. 2020) (“In re Burton”). While, generally, a putative debtor cannot enjoy the protections

Cannabis Lending Issues in Arizona

It is not very common for banks and financial institutions to provide commercial loans to cannabis companies in Arizona. So why is that? The answer is not always as simple as it may seem. The first thing to consider is what collateral the lender could secure if it wanted to make a loan to a

Cannabis Lawyers and Law Firms: The Good the Bad and the Ugly

The state-legal cannabis industry is often a cutthroat place. State cannabis regulations are difficult to navigate and it usually takes significant capital to get a cannabis business up and running. And even once operating, margins get shrunk by aggressive and unfair federal taxes and limited access to banking. To top it off, cannabis is still

Part 1- What You Need to Know When Buying a Cannabis Business

What You Need to Know When Buying a Cannabis Business, Part 1: Overview

Cannabis businesses are unlike typical businesses in large part due to the significant tension between federal and state laws and regulations. This tension creates some uncertainty for every licensed cannabis business and every other business and individual involved in the marketplace: owners, financiers, employees, ancillary service providers, and even accountants and attorneys. In this forthcoming

Should You Join the Board of Directors of a Cannabis Company?

We lawyers get asked to sit on boards with some frequency. At this law firm, those requests are sometimes made by clients and I believe we have always declined, but not for the reasons you may be thinking. In many cases, a lawyer who sits on the board of a company he or she represents

Cannabis Litigation: Selecting the Right Mediator for Your Marijuana or Hemp Lawsuit is Critical

Although Americans, and citizens of certain states in particular, have a reputation as a litigious bunch, the reality is that very few civil lawsuits actually go to trial. The vast majority of cases—perhaps more than 90%—end in settlement. This is certainly true in my practice and for most attorneys I know who specialize in business

California Cannabis Supply Chain Contracts: Termination

I will continue publishing a series of posts identifying common issues with cannabis supply chain contracts in California over the next few months. If you haven’t already read earlier articles on this topic, I suggest you start with the following: California Cannabis Supply Chain Contracts: Inspection and Rejection Top Four Concerns for Tri-Party Cannabis Supply

Washington Cannabis: Buckle Up for a Brisk 2021 in M&A Activity

The year 2020 was a shock for all of us from both personal and business perspectives, but 2021 is shaping up to look much better, especially for Washington cannabis companies. In the past three months, I have had serious conversations with many clients and prospective clients regarding M&A activities. The pace of inquiries has accelerated

Oregon Cannabis: What is My Partial Marijuana Dispensary Ownership Interest Worth? (Part 2)

A few weeks ago, I wrote about issues in valuing partial ownership interests in a marijuana dispensary. (These apply to other businesses as well, naturally). That post focused on how the choice-of-entity selected at formation may affect later determinations of value. Broadly speaking, valuation issues may arise when a majority owner seeks to buyout the

How Does My International Cannabis Company Do Banking in the U.S.?

It can be difficult and confusing for an international cannabis company to determine the best way to engage in banking in the U.S. We know that because it is even confusing for domestic marijuana and hemp companies in the U.S. to determine whom to bank with. Banking is not limited to traditional large international banks.

Canna Law Blog ™

Canna Law Blog ™

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Current Trends in Bankruptcy for Cannabis Companies

Cannabis Lending Issues in Arizona

Cannabis Lawyers and Law Firms: The Good the Bad and the Ugly

What You Need to Know When Buying a Cannabis Business, Part 1: Overview

Should You Join the Board of Directors of a Cannabis Company?

Cannabis Litigation: Selecting the Right Mediator for Your Marijuana or Hemp Lawsuit is Critical

California Cannabis Supply Chain Contracts: Termination

Washington Cannabis: Buckle Up for a Brisk 2021 in M&A Activity

Oregon Cannabis: What is My Partial Marijuana Dispensary Ownership Interest Worth? (Part 2)

How Does My International Cannabis Company Do Banking in the U.S.?

Canna Law Blog ™

Canna Law Blog ™

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Archives

Topics

Subscribe By Email

Search Our Blog

Current Trends in Bankruptcy for Cannabis Companies

Cannabis Lending Issues in Arizona

Cannabis Lawyers and Law Firms: The Good the Bad and the Ugly

What You Need to Know When Buying a Cannabis Business, Part 1: Overview

Should You Join the Board of Directors of a Cannabis Company?

Cannabis Litigation: Selecting the Right Mediator for Your Marijuana or Hemp Lawsuit is Critical

California Cannabis Supply Chain Contracts: Termination

Washington Cannabis: Buckle Up for a Brisk 2021 in M&A Activity

Oregon Cannabis: What is My Partial Marijuana Dispensary Ownership Interest Worth? (Part 2)

How Does My International Cannabis Company Do Banking in the U.S.?