Oregon Cannabis Fraud

Oregon Cannabis Securities Litigation: Another (!) Fraud Lawsuit

The maturation of the Oregon cannabis industry in the past few years has been accompanied by a tremendous increase in mergers and acquisitions and a flood of investment capital into the marketplace.  Not surprisingly our commercial litigators have seen a marked increase in the number of securities lawsuits both here in Oregon and elsewhere.  As

Oregon Marijuana

Oregon Marijuana: OLCC to Adopt “Fix-it or Ticket” Approach for Some Rule Violations

Last month, along with streamlined licensing, the Oregon Liquor Control Commission (OLCC) announced a significant (and welcome) change to its compliance function by instituting a new Verification of Compliance program (VOC) that will focus on education rather than penalties for certain types of marijuana rule violations. The VOC launched in early October and arose from

oregon cannabis dispensary valuation

Oregon Cannabis Dispensary Sales: What We Are Seeing on Valuation

The Oregon secondary market for cannabis licenses and businesses remains lively. We have been helping industry buy and sell these businesses since 2016. This post is mostly about pricing for retail plays, which is still an evolving standard, but a standard nonetheless. First, some context. Over the past few years, there have been two significant

OregonMeasure

Oregon 2020 Election: Vote Yes! on Measure 109

In about a week Oregonians will begin receiving their mail-in ballots for the 2020 election. Along with the presidential, congressional, and state elections, Oregonians will vote on a number of ballot measures. One of those is Measure 109 – which, if it passes, will permit the use of psilocybin for therapeutic use under a licensing

retro couple jumping for joy

Oregon Cannabis: Here Comes Streamlined Licensing (!!)

People have been complaining about Oregon Liquor Control Commission (OLCC) marijuana licensing bottlenecks for a long time. And rightfully so. New license applications are effectively suspended (and have been for over two years), while delays in approval requests for investment intake, ownership changes and business sales make these standard business activities extremely challenging in many

wildfires in oregon, washington, and california

The Oregon Fires and Cannabis

Wildfires are ravaging Oregon, Washington and California. They are truly terrible. Here in Oregon, a full 500,000 residents have been evacuated as I write this blog post on the evening of September 9. Portland smells like burning ash and the suburbs are in evacuation protocols. It’s awful even here. For the cannabis industry, things look

Flag of Oregon State, on cannabis background

Oregon Cannabis Real Estate Sales

Buying and selling Oregon cannabis properties can be pretty interesting. We have helped negotiate and paper a ton of these sales going back to 2015 or so. The deal book includes everything from small commercial lots in the City of Portland (for retail dispensaries) to large sawmill properties in Southern Oregon (for hemp processing conversion).

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Cannabis Securities Litigation 101: Who Can Be Liable for Oregon Securities Fraud?

The officers, directors, partners, members and managers of cannabis companies need to understand what constitutes a “security” and how to comply with applicable securities laws. The failure to do so may result in their personal liability for securities fraud. Let’s start with what constitutes a “security.” As my colleague Jonathan Bench recently explained in layperson’s

bad written in chalk on a brick wall

Oregon Cannabis Litigation: Cura Hit with $10 Million Class Action

It has been a tough stretch for Portland-based Cura Partners, Inc. (“Cura”) and its parent company, Massachusetts-based Curaleaf Holdings, Inc. (“Curaleaf.”) Cura produces the popular Select brand of THC vaping products and was declared Oregon’s first “cannabis unicorn.” In May of 2019, Cura announced its sale to Curaleaf for more than $1 billion in an