Cannabis Licenses and Due Process Protection
Cannabis Licenses and Due Process Protection A cannabis license is a legal document that allows the licensee to engage in business in the legal cannabis industry of the state for which the license was granted. Nowadays, such licenses are a highly valued commodity, with application fees costing tens of thousands of dollars, and in some […]
How to Build Cash Flow Statement for Your Cannabis Business
Need Help to understand your “Cash Flow Statement”? Then this is the right place for you! The hasty growth and dynamic nature of the cannabis industry have culminated in barbarian and hyper-inflated business valuations, making it immensely tough for companies to derive in on a fair valuation as they follow to amass in the up-and-coming […]
Michigan Cannabis Lawyer | Marijuana Business Attorneys in MI
Michigan Cannabis Business Law Firm If you’re looking for answers to your cannabis law questions, search for experienced and knowledgeable marijuana lawyers across the state of Michigan. You can find marijuana law services for Michigan’s cannabis industry righter heat at Collateral Base Business Lawyers. We have over 20 years of experience in business law and […]
Filibuster and Federal Marijuana Legalization
Filibuster and federal marijuana legalization Last years have been very important for cannabis legalization. Currently, fifteen states, two territories and the District of Columbia have legalized cannabis for adult recreational use. New York is the most recent state to legalize cannabis, which was passed in late March 2021, during New York’s 2021 session. And the […]
Board Member Agreements & How to Control Corporate Owners
Board Member Agreements & How to control Corporate Owners In the Cannabis Industry, having the right partners is essential. In practice, a lot of times you will be looking at a “49/51 deal” in which one of the partners has a 51 percent and there’s a second partner –or a number of partners- that share […]
Victory for Hemp
Illinois Hemp Ban Overturned in Rural Oakland The City of Oakland tried to ban hemp farming inside its city limits by claiming authority under the Illinois Municipal Code section regarding Urban Agricultural Areas. Collateral Base represented the prejudiced farmer and had the municipal ordinance tossed by an Illinois Court. Because the City of Oakland is […]
Banking For Cannabis Companies in Illinois
Cannabis companies are notoriously tricky clients for banks and credit unions. An innovative program in Illinois hopes to fix that. Cannabis is a classic example of an “underbanked” industry. The tangled and contradictory web of state and federal laws have convinced many banks that cannabis simply isn’t worth the trouble. Illinois hopes to fix that. […]
Practicing Law Without A License
Practicing law without a license is a terrible idea that happens to some professionals, consultants or real estate agents may go over the line. Be careful when carrying out your professional relationships and know where the line is for what your jurisdiction considers the unauthorized practice of law. In this article – we cover when […]
Illinois Hemp Lawyer
Our Illinois Hemp Lawyers have written extensively on the first new agricultural commodity of the 21st century – hemp – over on our sister website focusing on our cannabis law practice – www.CannabisIndustryLawyer.com. Illinois Hemp Farmers & Processors Need a Business Lawyer For answers on the confusing term “agent” discussed below – you can find […]