Prospective cannabis businesses seeking to open dispensaries on Long Island are running into several issues and roadblocks with the proposed or adopted zoning legislation restricting operators to mainly industrial areas. As it stands, dispensaries can open only in Long Island towns that opted in for retail cannabis sales. To date, Babylon, Brookhaven, Riverhead and Southampton have opted-in
Next week on June 7, our own Jonathan Bench will be speaking online with an expert legal panel on commercial cannabis leases. In this 90 minute seminar, the panel will cover a wide variety of lease topics that are relevant to both cannabis landlords and tenants. Whether you are a landlord or a business on
El sector inmobiliario está en el punto de mira de mucha gente con Nueva York a las puertas de las solicitudes de cannabis para uso adulto. Y por una buena razón: poseer o controlar bienes inmuebles será un requisito para los solicitantes (con algunas salvedades que pronto se aplicarán a los solicitantes de equidad social). Hemos recibido un montón de llamadas de posibles solicitantes de cannabis para uso adulto a partir de
One of the most common commercial cannabis lease structures is what is commonly referred to as a “triple net” or “NNN” lease. Triple net cannabis leases allow landlords to pass on nearly all operational costs associated with a property to a tenant, which can be a big benefit for both landlords and tenants. Today, I’ll
El mes pasado, escribí un post explicando algunos de los problemas a los que se enfrentan los compradores de negocios de cannabis cuando tratan con los propietarios del negocio adquirido. En pocas palabras, los contratos de arrendamiento casi siempre contienen cláusulas que restringen la cesión y el subarriendo, y estas cláusulas a menudo señalan que ciertos cambios de control del inquilino de cannabis se consideran cesiones.
Getting to closing on a cannabis M&A transaction is always a hurdle (read about that process in detail here). There are always a lot more contingencies to closing for cannabis M&A transactions than for run-of-the-mill businesses that don’t operate in highly regulated fields (e.g., cannabis acquisitions will require approval from state and possibly local agencies).
Todas las empresas que quieren una licencia de cannabis en California necesitan comprar o alquilar una propiedad, porque las licencias están vinculadas a las propiedades. Las empresas de cannabis suelen optar por el arrendamiento en lugar de la compra, dadas las incertidumbres de obtener la licencia o tener éxito en el negocio, y a veces las limitaciones de capital. Como parte del proceso de concesión de licencias, las agencias estatales y locales
So you’re interested in applying for an adult-use cannabis license once the Cannabis Control Board (CCB) issues the license application. One of the first decisions an applicant needs to make is where they intend to operate. As we referenced in our earlier posts on the Marijuana Regulation and Taxation Act (MRTA) and Part 1 of
Over the last few weeks we have seen a number of articles about New York’s Marijuana Regulation and Taxation Act (MRTA) written by attorneys based outside of New York or (worse yet) attorneys who are not licensed to practice law in New York. We have been pretty “vocal” about the importance of selecting the right
Here at the Canna Law Blog, we had intended to start our series on the real estate implications of the Marijuana Regulation and Taxation Act (MRTA) with a discussion of issues faced by each license type. But after reading The New York Times’ recent article on the real estate “rush” caused by the MRTA, we
