5 Corporate Governance Pitfalls in Cannabis Companies

Corporate documents for cannabis companies need to be carefully drafted and tailored for the unique aspects of the industry. Template documents that are found online or taken from other companies may have some useful provisions, but should not be wholly relied upon to suit the particular needs of a cannabis business. In particular, a few […]

Special Purpose Acquisition Companies (“SPACs”) May Be the Future of Cannabis and Hemp Business Growth, and Industry Consolidation

Special Purpose Acquisition Companies, commonly referred to as “SPACs”, have garnered significant public attention and investment capital in the past year and have made investments into a number of different industries, including cannabis. It is estimated that SPACs raised over $82 billion in 2020, which was a six-fold increase from 2019. Several SPACs have made […]

Cannabis Deals: Unregistered Broker-Dealers

Written by: Galen Pham, J.D. Candidate 2022 Using an unregistered broker-dealer to help raise money for your cannabis startup or to help find and facilitate a purchase or sale can have serious legal consequences for your business, including potentially providing the investor or buyer/seller the right to rescind the deal. Before engaging with a broker-dealer, […]

The Art of Selling a Cannabis Business: Top 3 Tips on How to Prepare

“By failing to prepare, you are preparing to fail.”  Benjamin Franklin Selling a licensed cannabis business is by no means a simple feat – it’s a science and an art.  Due to the industry’s legal and regulatory baggage, the process of selling a cannabis business can be difficult and challenging, so preparation is critical. If […]