How to Survive the Upcoming Consolidation Boom in Cannabis Industry?

By Julie Herzog  As the cannabis industry matures, we are seeing a consolidation boom, with larger companies gobbling up smaller ones at an unprecedented rate. This is being driven largely by Big Pharma, who are eager to get their hands on this rapidly growing market. While this consolidation can be good for the industry as a whole, it can be difficult for smaller businesses to survive.  In order to effectively

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New Ruling Helps Clear Up Industry Confusion on the Matter of Delta-8 THC

By Michael Annerino On May 19, 2022, the United States Court of Appeals for the Ninth Circuit issued its opinion in AK Futures LLC v. Boyd Street Distro, LLC, 35 F.4th 682 (9th Cir. 2022). In it, the Ninth Circuit held that “the only statutory metric for distinguishing controlled marijuana from legal hemp is the [0.3 percent by dry weight volume] delta-9 THC concentration level.”  The Court also writes that

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The Top 3 Legal Mistakes Cannabis Businesses Make (And How to Avoid Them)

By Henry Baskerville The cannabis industry has attracted many creative, innovative entrepreneurs. And while they’re often skilled at cultivation, production, extraction or brand-building, sometimes, they aren’t as knowledgeable about business legalities and navigating the myriad risks inherent in running a cannabis company. Entrepreneurs in other industries often have an MBA and strive to build their business for years before it ever hits $5-10 million in annual sales. But in cannabis,

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5 Tips to Prepare Your Cannabis Company for a Sale

By Julie Herzog and Mike Goral The cannabis M&A market was on fire in 2021, and rising hopes for federal legalization and the potential passage of the SAFE Banking Act will stoke further acceleration in 2022. As a result, cannabis entrepreneurs have visions of dollar signs dancing in their eyes. As an M&A attorney and cannabis accountant with several decades of combined experience, we can tell you that those who

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