Articles Posted in L.A. marijuana business attorney

There are many questions that have been answered with the legalization of recreational marijuana in California. What? Proposition 64 was approved by voters and made legal adult-use marijuana. Who? Residents 21 years or older. When? As of Jan. 1, 2018. Where? Now, that’s a trickier matter. Firstly, the state law did not automatically go into…

While legal sales of recreational marijuana in California will be a reality in a matter of weeks, it’s also true that marijuana businesses face some major logistical hurdles. One of the most difficult among those challenges is being forced to do cash-only commerce. Because marijuana is still illegal at the federal level (a fact that…

Marijuana business owners have many reasons to carefully manage their assets. Now, a recently-published article by the U.S. Department of Justice’s Executive Office for U.S. Trustees gives another: Marijuana businesses cannot expect help with liquidation or restructuring in the event of bankruptcy. The executive office for trustees is the watchdog agency over bankruptcy proceedings. Like…