Category: Hanson Bridgett

2019 New California Laws Impacting Cannabis Businesses

Governor Newsom has signed several bills that impact the cannabis industry by providing relief from federal income tax deduction limitations, encouraging minority participation, encouraging union membership, and clarifying some other existing regulations.

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Hanson Bridgett represents MMAC in sale of select assets

The transaction allows MMAC to substantially accelerate its retail growth strategy and elevate its already profitable Southern California operations in the retail, cultivation and distribution verticals, returning the company to the capital markets as one of California’s most profitable and authentic vertically integrated cannabis enterprises.

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The High Lights of California Cannabis Regulation July 2018

The Medical and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA” ), which became effective January 1, 2018, is the governing law for both medical and adult use of cannabis in California. The rules are complex. Cannabis businesses seeking to do business in California should consult with an attorney prior to engaging in any project to ensure full understanding of the most up-to-date rules.

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California Proposes a Cannabis Bank

California is working on a state cannabis banking law. California Senate Bill 930, now winding its way through the legislature, would create the Cannabis Limited Charter Banking and Credit Union Law, to be administered by the Commissioner of Business Oversight and the Department of Business Oversight.

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Welcome To Our Newest Contributor, Jonathan Storper & His Team At Hanson Bridgett

Jonathan leads the corporate department at Hanson Bridgett. He previously founded and led Hanson Bridgett’s sustainable law practice which focuses on developing a more sustainable economy by assisting mission driven companies and high impact investors in a variety of industries. He represents entities and their investors in connection with business and intellectual property transactions, including formation, finance, contracts, licenses, joint venture and development, mergers and acquisitions, licensing, e-commerce, technology-related matters and general corporate law. Jonathan also represents many non-profit charities, foundations, and business associations.

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