Author: C1_Admin
The Most Important Thing to Understand About Cannabis Business Law
What you need to understand is that cannabis is a different area of law. This is not franchise law. This is not regular business law. I call it the cannabis-only transactions. That there are provisions in your cannabis contracts and your cannabis legal dealings that you won’t see in any other form of law. You […]
September 14, 2018
State of Cannabis 2018
Friends, McAllister Garfield’s Los Angeles focused lawyers (Sean McAllister, Kresimir Peharda, and Navid Brewster) will be presenting a workshop at the State of Cannabis Conference in Long Beach, CA on September 25, 2018. The workshop will focus on “Attracting Investment to Your Cannabis Business.” For more information, see https://www.stateofcannabis.org/workshops.html Please join us as we gather […]
September 13, 2018
Why Should You Hire McAllister Garfield P.C. for Cannabis Business Counsel?
National firms don’t understand the complex regulatory regime of cannabis, and that’s what McAllister Garfield specializes in. We specialize in constructing business transaction through the lens of a complicated regulatory scheme. If entrepreneurs go out and hire some big firm that doesn’t understand the cannabis regulatory regime state by state, you will see transaction documents […]
September 4, 2018
Permitted Economic Interest for Cannabis Businesses
A Permitted Economic Interest (PEI) is a future contingent equity interest approved by the state regulatory agency. We see these PEIs approved in a variety of fashions including option agreements, warrants, or most commonly, a convertible promissory note. The concept is that if a lender provides a business money, instead of recovering the debt owed […]
August 29, 2018
Out-of-State Ownership Interest in Colorado Marijuana Business
Any individual who wants to take ownership in a marijuana business who doesn’t have one year or more of Colorado residency, has to complete a Pre-Suitability Application. The Pre-Suitability Application is costly, time consuming and financially burdensome and it includes a complete audit of all of your assets. McAllister Garfield has worked with dozens of […]
August 20, 2018
Kelly Rosenberg Chosen to Sit on NCIA State Regulatory Committee
Friends, Kelly Rosenberg, Senior Attorney at McAllister Garfield, P.C., has been selected to participate on the National Cannabis Industry Association’s State Regulations Committee for the 2018-2019 term. This committee examines and reviews the varying cannabis industry-specific statewide regulations around the country and works to establish best practices or guidelines for states and municipalities to facilitate […]
August 14, 2018
LA Opens Phase 2 Licensing
Friends, On August 1st, the City of Los Angeles Department of Cannabis Regulation (“DCR”) opened Phase 2 of its licensing processing. Phase 2, which is only open to Los Angeles supply side businesses that were in operation prior to January 1, 2016, is expected to last until 4 p.m. Pacific on September 13, 2018. In […]
August 3, 2018
Colorado: Mandatory Pesticide Testing begins August 1, 2018
Mandatory pesticide testing for both medical and recreational marijuana flower and trim begins Wednesday, August 1, 2018 in Colorado. All harvest batches created on or after August 1, will require pesticide testing from all medical and recreational cultivation facilities. Pesticide testing for concentrates is not required. Which Pesticides? The permitted pesticides tested are listed in […]
August 2, 2018
Changes to the California CBD Industry
Friends, This month, the California hemp CBD industry was dealt two major blows affecting the legal status of hemp derived CBD. First, the California Department of Public Health (the “CDPH”) issued a memorandum that provides legal support for its position that the infusion of hemp derived CBD into food products renders the food adulterated and […]
July 25, 2018
Establishing a Tribal Cannabis Operation
July 25, 2018