If you own a cannabis business, a major consideration is where to keep your money. Though many business owners may find banking to be a headache regardless of industry, few business owners have more hurdles to deal with than cannabis
Cannabis
Quick Guide to Cannabis Business Opportunities
Although cannabis remains illegal at the federal level, many states and municipalities have loosened their regulations. As of early 2023, 37 states have approved medical cannabis use by qualified individuals, and 21 states have approved it for recreational use.
As…
Indigenous Innovation in the Minnesota Cannabis Industry
A Tradition of Excellence
For thousands of years, Native tribes across North America have harnessed the benefits of the hemp and cannabis plants. These plants have held sacred and significant roles in many Indigenous cultures, deeply intertwined with spiritual practices,…
Common Pitfalls in Cannabis Brand License Agreements
Cannabis companies and (depending on the state) brands often use license agreements to grow their brands. If done correctly, they can be a huge driver of revenue for the brands and licensees, and can grow the good will of the…
Delta-Nope: Florida Poised to Ban Delta-8 and Delta-10 Products
Earlier this week, the Florida legislature passed a bill (SB 1698) that will limit the amount of THC in hemp-derived products and threatens to upend the novel cannabinoid industry in the state.
For the past few years, Florida…
Washington State Eliminates Medical Cannabis Taxation
In November 2012, Washington voters approved the production, processing, and retail sales of recreational cannabis within Washington state under what is known as Initiative 502 (“I-502”). Washington state then provided a regulatory framework for how the legalization of recreational cannabis…
The Week in Weed: March 8, 2024
Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we check in on Virginia, to see if there’s any progress on the retail market bill. We re-visit the…
Investing in Cannabis: Five Due Diligence Red Flags
Our cannabis team has performed due diligence on countless business purchases, investments, loans, and just about every other kind of transaction you can imagine. As you can imagine, we’ve seen some pretty bad and even sketchy things over the years.…
California Cannabis: Make Your Non-Disclosure Agreement Count
In the ever-evolving landscape of the cannabis industry, the use of non-disclosure agreements (NDAs) is becoming more prevalent as the demand for difficult to grow exotic strains increases and more brands and businesses flood the market. Previously we have blogged…
Whoa! Cannabis Company Lawsuit Lights Up the Benefits of Creative IP Protection
Federal trademark registration is typically unavailable for goods and services related to the sale of cannabis. But a combination of federal copyright registration and state trademark registration for these goods and services may provide an opportunity for cannabis companies to…