Security policies and procedures are a critical portion of any cannabis business’s standard operating procedures. The industry’s lack of access to traditional banking and reliance on cash creates unique security concerns that need to be contemplated long before a business …
Most states utilize a dual licensing system in which an applicant must be granted both state and local approval in order to obtain a cannabis license. This system empowers local government to dictate what type of commercial cannabis activity, if …
Working with an unlicensed vendor is one of the quickest ways to have a cannabis license suspended or revoked since cannabis regulations across the country mandate that commercial cannabis activities only be conducted between licensees. Attorneys advising cannabis businesses, therefore, …
Hemp and cannabis businesses should take the time and write a comprehensive business plan, and attorneys can play a key in role in its development. Both markets are only becoming more saturated, so it’s important that corporate structure, capitalization and …
It’s critical that all parties are on the same page when it comes to the terminology used in any contract. Definitions are particularly important in hemp and cannabis contracts, however. Think about it: if there’s a contract dispute over the …
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