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CannaBusiness Advisory Blog

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Four Takeaways From MJBizCon 2022

USA - December 20 2022 Last month, tens of thousands of folks working in the cannabis industry congregated in sunny Las Vegas for MJBizCon 2022. Me and my canna-crew…

A Changing of the Guard? A Recap of President Biden’s Pardon & Plans for Cannabis Policy Overhaul

USA - October 7 2022 President Biden Acknowledges a “Failed Approach” to Marijuana Policy, Outlines Significant Plans to Pardon Thousands, and Evaluate How Marijuana Is…

Navigating True Parties of Interest Restrictions in New York’s Adult Use Cultivation and Processing Market

USA - September 27 2022 The long-anticipated New York cannabis market is finally coming into shape. The New York State Office of Cannabis Management (“OCM”) has issued more…

Purchasing or Supplying Cannabis? What You Lose When You Ditch the Contract

USA - September 16 2022 Are supply contracts a thing of the past in the cannabis market? As many cannabis markets continue to develop state to state — whether it be veteran…

Midterm Elections: Establishing New Cannabis Markets

USA - September 7 2022 The cannabis market in America has expanded and continues to grow with each election cycle. State lawmakers and their respective voters continue to…

Trouble Brewing? A Look at the Cannabis Industry’s Signs of Distress - and Resilience

USA - August 18 2022 “If you build it, they will come.” These were the words spoken from above to Kevin Costner’s character, Ray Kinsella, in Field of Dreams, as he…

IDFPR Provides Key Guidance Regarding Management Service Agreements for Conditional License Holders in Illinois

USA - August 10 2022 On July 1, 2022, the Illinois Department of Financial and Professional Regulation (IDFPR)—the regulatory department charged with implementing and…

Massachusetts Cannabis Industry Reform

USA - August 4 2022 Over the past few years, August has become a popular month for cannabis industry reform in Massachusetts…

The Interplay Between Control Issues and Loan Covenants in Cannabis

USA - July 27 2022 Regardless of the jurisdiction in which it conducts its business, licensed cannabis businesses (“Cannabis Operators”) are constantly grappling with…

The Cannabis Administration and Opportunity Act: Too Much Too Soon? Too Little Too Late? Or Just the Right Time?

USA - September 21 2021 On July 14, 2021, Senators Chuck Schumer, Cory Booker and Ron Wyden introduced a bill to legalize and regulate cannabis at the federal level, titled…