Corporate Law and Cannabis? What Do You Know About It?

Are you wondering what kind of business entity you need to form to transition your cannabis business into the legal market?

What about creating partnerships, operating agreements and contracts in general? Do you stay up at night wondering how to transition those old handshake agreements into the new legal market? You may not be the only one.

Many farmers are wondering the same thing. Many want to be ready when Nevada County officials adopt an ordinance. Having the proper corporate entity, bylaws, contracts for suppliers or vendors, business plans is all part of the new era of operating in the light.

But the truth is there is not single answers to any of those questions. Each case, each business is unique, which is why getting help from trusted professionals is always good advice.

Before you go spending thousands in consultants and attorneys is wise to stop and consider a few things:

  • Find someone with knowledge of corporate law and contract law as it applies to the cannabis industry
  • Cannabis compliance is not always the job of an attorney. Read regulations and find someone to help with compliance that has experience and knowledge of the new regulatory framework. Then have your attorney review your permit application and business plans.
  • It’s always a good idea to have a criminal attorney close by. After all, cannabis is still a federally sanctioned substance. But criminal attorneys may not be the best at helping you with contract or corporate law.
  • Mediation and arbitration attorneys could be great for cannabis businesses that have handshake agreements prior to legalization and want to make a seamless transition into the legal market.
  • What kind of business do you want to be? Are you launching a licensed cultivation facility or a brand? That could mean the difference between a compliance expert and an intellectual property attorney.

Here at the Alliance, we get questions like these often. While we want to educate you as much as possible on how to transition, we cannot give legal advice. That’s why we are doing the next best thing: hosting a Get Legit Workshop with local attorneys that can answer your question.

Come prepared with a notebook, questions and a good attitude.

Attorneys Virginia Ryan, Joanna Hossack and Erin Nole will be part of this insightful panel.

4 – 6 pm Wednesday February 21

Foothills Event Center, 400 Idaho-Maryland Rd, Grass Valley

Virginia Ryan is a business law and estate planning attorney located in Grass Valley. She counsels clients on starting and operating a business, including nonprofits, to planning for their family’s future.

Joanna Hossack is a cannabis business attorney based in Sacramento and San Francisco. She is an expert in California’s recently passed Medicinal and Adult-Use Cannabis Regulation and Safety Act (MAUCRSA) and the evolving regulatory processes. Joanna advises the firm’s clients on matters of entity formation, corporate governance, business transactional matters, local permitting and state licensing with a particular focus on the water law and environmental issues facing commercial cannabis operators.

Erin Noel is an attorney at Community Legal, Inc. in Nevada City. Erin Noel has 18 years of experience as a lawyer since graduating from University of California – Santa Cruz. She is an attorney and mediator who has worked in the non-profit sector and for individual clients. Her practice has included environmental, land use, property, landlord/tenant law and dispute resolution, as well as legislative drafting, community organizing, and mediation. Her volunteer experience ranges from serving on and mediating with the Conflict Resolution Center board of directors (CRC provides volunteer mediation in the Nevada County Superior Court), volunteering for the Hospitality House, volunteering for organizations ranging from the San Juan Ridge Taxpayers Association to the South Yuba River Citizen’s League, and serving as a founding member and board member for organizations including the Sierra Nevada Alliance and Sierra Nevada Forest Protection Campaign.

Free for Associate Members

$10 Supporting Members

$25 Non-members