Tag: cannabis law

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Going Green: The past, present and future of cannabis law in California

On By sdcountybar

By Michael Cindrich

The green rush is on in California. The State already holds the lion’s share of the $5.7 billion cannabis industry, and the market is primed for unprecedented growth with the recent legalization of recreational use for adults. Cannabis law has come a long way since California became the first state to legalize medical cannabis use over 20 years ago. However, there is still a long road ahead to create a fully operational and legitimate market. Read More

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No BK for You! Cannabis Enterprise Kicked Out of Ch. 11 Line

On By sdcountybar

By Tyler McQuillan

‘Those familiar with the blossoming cannabis industry are readily familiar with certain limitations imposed upon the “legal” cannabis business. From tax inefficiencies spurred by Internal Revenue Code 280E to limitations on change in ownership (i.e., M&A), navigating the capital markets can be an exercise of corporate and securities gymnastics. And through In re Healing Nature, LLC,1 the United States Bankruptcy Court has confirmed that ancillary companies may also lose their place in the Chapter 11 line. Read More