Dormant Commerce Clause Litigation in Social Equity Cannabis

dormant commerce clause

The dormant Commerce Clause of the Constitution prevents states from discriminating against out-of-state actors in interstate commerce. The dormant term refers to its negative implication rather than express text. Courts have found a negative aspect embedded in the language that prevents state and local governments from impeding the free flow of goods from one state […]

Asset Purchase Agreements: What is an asset purchase agreement?

Asset Purchase Agreement

An asset purchase agreement is a legal contract between two parties, in which one party agrees to sell and transfer ownership of certain assets to the other party. The purchased assets may be tangible or intangible and can include things like property, equipment, shares in a company, or intellectual property. An asset purchase, or a […]

Illinois Cannabis Lottery – How to calculate the odds of winning multiple licenses.

Illinois Cannabis Lottery

Illinois Cannabis Lottery – How to calculate the odds of winning multiple licenses. Starting 2020, Illinois became the 11th state to legalize recreational cannabis, letting adults 21 years or older buy cannabis from medical dispensaries while applicants prepared their applications to obtain an adult-use cannabis license. In this sense, the state established a system in […]

How to Build Cash Flow Statement for Your Cannabis Business

cash flow statement

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 […]

Filibuster and Federal Marijuana Legalization

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 Agreement

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 […]

Business Succession Planning with Trusts

Business Succession Planning with Trusts

For a quick assessment of your needs – let’s talk to discuss how Trusts can help your business. Business Succession Planning with Trusts Understanding how a trust can help with your business succession is key to assuring your financial stability, both in planned transitions and unplanned transitions of your business. You may be looking ahead […]

When Is An LLC Needed

  We want to help you out on your business journey and explain to you when a corporate liability shield, like an LLC or corporation is needed or not. As small business owners it can be extremely valuable to find guidance in what you should be doing for your business and when. We are going […]

How To Stop Check Kiting Scams

How to stop check kiting scams

Check kiting is one of the many ways your financial securities can be violated.   It constitutes a type of bank fraud very popular in the early 2000’s, that was in its majority shut down by a regulation called check 21 act.  Even though not as common as it used to be, check kiting is […]

Fiduciary Duty Litigation

fiduciary duty litigation

A fiduciary duty is an obligation that exists in a relationship in which one of the parties has the best interest when acting on the other party/es behalf.  There are multiple types of fiduciary duties. Some examples can be the obligations between lawyers and clients; shareholders and directors; between business partners; and many others where […]