The rapid expansion of legal medical and recreational marijuana in numerous states across the U.S. has opened up significant opportunities for new business ventures and investments. At the same time, this highly regulated industry is subject to stringent licensing and compliance requirements, impacting such diverse areas as employment, agribusiness, land use, health care and intellectual property law.
Armstrong Teasdale’s Marijuana Law practice area has significant experience advising and assisting companies in securing and keeping licenses to cultivate cannabis products, manufacture marijuana-infused products, and dispense flower and infused products. More than half of the American electorate lives in states with laws authorizing the cultivation and sale of medical marijuana, and a number of other states have commercial recreational marijuana industries. Almost all the remaining states authorize the cultivation and sale of cannabis for the limited purpose of manufacturing oil and other products infused with cannabidiol (CBD) to treat certain medical conditions such as epilepsy.
Along with the potential for new jobs and revenue, this expanding industry carries with it the burden of understanding and complying with each state’s legal framework, which is often implemented through multiple regulatory agencies. We assist our clients in navigating these complex state laws and regulations while minimizing federal law concerns.
Our attorneys can:
- Prepare and submit all licensing and permit applications along with related paperwork and documentation.
- Assist with legal due diligence, analysis and documentation of investments in businesses in the medical marijuana industry.
- Handle legal due diligence, negotiations and preparation of contracts with business owners, banks, insurance companies, vendors and other business partners.
- Assist clients with business organization and business model development.
- Lobby and represent our clients’ business interests to elected officials and administrative agencies charged with regulating matters related to the industry.
- Provide legal analysis regarding the selection of proper locations for dispensaries and cultivation centers.
- Handle property leasing or purchasing contract negotiations and issues related to financing and zoning.
- Interface with local, state and federal governments on tax, securities and other regulated issues.
- Develop employment contracts, training programs and related policies.
- Provide due diligence and compliance support including facility audits.
- Assist with acquisitions, mergers and joint ventures.