Marijuana Fundraising In California: What’s In Your Private Placement Memorandums? November 15, 2017 Hilary Bricken Cannabis Investments, Compliance and Regulations 1 Comment Many of our California clients that are raising money ask us to draft or review private placement memorandums (“PPMs“) for private securities offerings in their cannabis companies and/or ancillary cannabis companies. As you would expect, investment in California cannabis businesses is… Read More→
Top Five Red Flags for California Cannabis Mergers and Acquisitions September 29, 2017 Hilary Bricken Compliance and Regulations, Cultivation, Retail 0 Comments Ah, California. The land of tech innovation, wine country, and endless coastline. Also the land of shysters, hucksters, and snake oil salesmen, far too many of whom have migrated to the booming cannabis industry to ply their trade. With the… Read More→
California Cannabis: Prepare Now For Your Upcoming Product Liability Wake-Up Call September 4, 2017 Hilary Bricken California, Compliance and Regulations, Policy & Legal, Retail 0 Comments Time and again I have warned cannabis industry participants that federal prohibition means nothing when it comes to liability created by defective products. Colorado is a prime example of the threat and the power of cannabis product recalls. And though for years… Read More→
California’s Cannabis Distributor Rules Disrupt Model, Allow Licensees to Act As Their Own Distributors August 8, 2017 Hilary Bricken California, Policy & Legal 2 Comments Under California's now-repealed Medical Cannabis Regulation and Safety Act ("MCRSA"), would-be distributors would have had a field day (which became the subject of great debate industry wide). Under the MCRSA, California's cannabis cultivators and manufacturers would have had to sell their products to licensed distributors… Read More→