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Illinois Bank Shutting Out Cannabis Clients Over Sessions’ Stance

Larry Mishkin, Hoban Law Group, Litigation Practice Group Counsel The Bank of Springfield (Illinois) has notified its existing cannabis-related clients that their money is no good there anymore. Citing what it terms a “legal gray zone” cast by U.S. Attorney General Jeff Sessions, the bank announced in an April 2 letter to customers that all […]
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Securities Law Basics: Preparing Partners and Investors for an Offering

By Dennis Brovarone and Peter Stavropoulos   What We Have Learned: While raising capital through investors can be a long and difficult process, careful preparation and due diligence improve the odds for completing an offering. August 6, 2017 — Except for the rare circumstances of an extremely multi-talented individual with personal wealth, nearly every new […]
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The Apoc-Eclipse’s Shining on Oregon’s Cannabis Market

By Beau Whitney, Senior Economist of New Frontier Data What We Have Learned: Approximately 1 million visitors traveled to Oregon for the August 2017 total solar eclipse, spiking demand for cannabis. August 18, 2017 — With just days to go before the August 21 total solar eclipse, Oregon finds itself in the final throes of […]
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Hedging One’s Bets Makes Sense and Can Save a Fortune in the Cannabis Tax Arena

By Ken Boiarsky, Hoban Law Group tax attorney What We Have Learned: While the rapidly changing environment and continuing development of law within the cannabis arena makes predictability somewhat problematic, a lawyer suggested a hedge not often used, but probably ought be. August 24, 2017 — It should come as no surprise that cannabis businesses […]
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Operators Should Prepare for Agreement Before any Risk of Shipment

Larry Mishkin, Hoban Law Group, Litigation Practice Group Counsel What We Have Learned: As a best practice, operators should discuss potential shipping risks with a cannabis attorney to proactively prepare for any issue of confiscation or loss during shipment. (Sept. 12, 2017) — A term that is common to most companies which manufacture or purchase […]
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Getting Along Without a Gavel: Using Mediation to Resolve a Dispute Without a Judge

By Adam Foster, partner, Hoban Law Group What We Have Learned: Most parties participating in mediation can enjoy a significant upside, with very little risk.   Let’s face it: Cannabis and the courts have often had kind of a rocky relationship. Nevertheless, disagreements in business exist, so what are the best options for solving them? […]
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Mediation: How to Resolve a Dispute Without Getting the Courts Involved

By Adam Foster, partner, Hoban Law Group Let’s face it: Cannabis and the courts have often had kind of a rocky relationship. Nevertheless, disagreements in business exist, so what are the best options for solving them? Mediation is a type of alternative dispute resolution (ADR), a blanket term referring to various processes for resolving disputes […]
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Agreement Beforehand Is the Best Policy Against Risk of Shipment

Larry Mishkin, Hoban Law Group, Litigation Practice Group Counsel  A term that is common to most companies which manufacture or purchase manufactured goods is “F.O.B.,” standing for “Free On Board” or “Freight On Board.” Depending on whose definition is used, or which state’s Uniform Commercial Code statute applies, the term takes on a few different […]
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Hedging One’s Bets Makes Sense and Can Save a Fortune in the Cannabis Tax Arena

By Ken Boiarsky, Hoban Law Group tax attorney It should come as no surprise that cannabis businesses pay a disproportionate percentage of federal income tax relative to income — sometimes even as high as 90+% of gross income — in large part because of the draconian, one-sentence provision of §280E in the Internal Revenue Code […]
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On Oregon’s Cannabis Market, and Dollar Signs of the ‘Apoc-Eclipse’

By Beau Whitney, Senior Economist of New Frontier Data With just days to go before the August 21 total solar eclipse, Oregon finds itself in the final throes of preparation for when a 65-mile-wide swath of darkness shall extend west to east across parts of 14 states. While the duration of the eclipse will only […]
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