As the largely illicit cannabis market transitions to a legal, regulated industry, the “canna-curious” and experienced industry participants alike are experiencing the harsh truth: Making a fortune in the legal cannabis industry is a challenge made even more difficult by a complex patchwork of state and federal laws.
The Cannabis Business clears the confusion around topics such as the distinction between hemp and cannabis and why it matters for consumers and regulators, why CBD isn’t completely legal in the U.S., why and how states differ in their licensing processes, and how deal structuring is impacted by state regulations. Written by attorneys from the nation’s leading cannabis law and policy firm, this comprehensive primer on all things cannabis law is a must-have for anyone seeking to understand the major practical legal issues facing the cannabis industry in the U.S.
Review
The Cannabis Business provides the perfect overview of the cannabis industry to help investors, newcomers, and even veterans of the cannabis industry develop a comprehensive understanding of the legal framework this wild business operates within. It provides the appropriate level of depth for business professionals in the industry to develop a general understanding of how regulation functions at both the federal and state level. Each chapter also summarizes a series of best practices, which I consult as a reference when exploring specific business opportunities that may have legal or regulatory considerations. Having worked with customers and partners in cannabis and cannabis-adjacent businesses, I know that many struggle to find an authoritative source for this type of legal information. Few lawyers will understand the full intricacies of the field, and information found online is unreliable or incomplete. I would recommend The Cannabis Business as a resource for any professional working in the cannabis industry.
– Geoffrey Reed, VP, Weedmaps
About the Author
Charles S. Alovisetti is a partner at Vicente Sederberg and chair of the firm’s Corporate Practice Group, where he has focused his practice since 2015 on advising companies, investors, and other law firms on the nuances of executing financings, mergers, and acquisitions, and other corporate transactions involving licensed and ancillary cannabis companies. Charlie has been recognized by Chambers & Partners as one of the top cannabis lawyers in the United States.
Cassia Furman is a partner at Vicente Sederberg and managing attorney of the firm’s California Practice Group based in Los Angeles. In addition to supporting the firm’s policy and local government work in California and around the country, she counsels clients on a wide range of transactional, regulatory, and land-use issues related to the licensing and operation of California commercial cannabis ventures.
