Cannabis State Law roundup
November 3 was a historic night for legalization across the country. A decade ago, cannabis was illegal for Nonmedical use in all 50 states. Now, five new states have made it onto the legalization map. Read on for an analysis of each state’s ballot initiative.
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Whether you are a landlord, tenant, or subtenant in the cannabis industry, you need a first-rate cannabis Real Estate lease. The structure of the leasing relationship and the terms of the lease are key components, both for getting funds out of the primary business and mitigating your risks, of which there can be many.
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A vertical cannabis operation is one in which the company controls all points of the supply chain–growing the plant, harvesting it, processing and distributing the product, and then selling it from a company-branded store
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Cannabis employers must understand exactly what the laws are where the employer is operating and not just accept whatever LPA a union puts in front of them
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With less than five months left before Americans hit the polls, a dozen states have proposed various marijuana initiatives, 10 of which are looking to legalize medical marijuana, recreational cannabis, or both at the same time
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The term “entourage effect” describes the combined effects of cannabinoids and terpenoids on the consumer’s psychological perception of different cannabis varieties. Each variety, or strain, contains varying concentrations of cannabinoids, including psychoactive tetrahydrocannabinol (THC) and non-psychoactive cannabidiol (CBD), and has a unique terpenoid profile. As such, consumers are able to choose cannabis based on a desired effect, such as relaxation, and a specific aroma. Despite widespread information on the characteristics of different strains, the underlying genetic information accounting for these differences remains poorly understood.
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Judging by recent opinion polls, Florida could soon be the next state to fully legalize recreational marijuana.
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Florida Supreme Court justices waded into a battle about whether the state has properly carried out a 2016 constitutional amendment that broadly legalized marijuana for patients.
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The right to assert force majeure or frustration of purpose is typically governed by the provisions of the parties’ agreement. Whether a potential or actual coronavirus pandemic is a force majeure event will typically depend on the language of those provisions, as well as the extent to which the coronavirus made a party’s performance impossible—as opposed to merely delaying it or making it more expensive
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Many of the cannabis operators have been looking for ways to secure additional capital and the concept of a “sale leaseback” is one of the more creative, yet effective ways with which both investors and operators can achieve their respective objectives.
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