Cannabis Law

The firm’s Cannabis Law group counsels clients in cannabis and marijuana-related industries.  By passing a 2018 ballot initiative, Missouri became the 31st state to legalize cannabis for medical use.  Before and since its passage, attorneys of Summers Compton Wells LLC have worked with clients who plan to pursue licenses under the new law. Our Cannabis Practice Group is prepared to guide clients through the licensing process, as well as to help them build new businesses in the medical marijuana marketplace.   

 

In addition to businesses seeking medical marijuana licenses, the firm’s cannabis-related clients include entrepreneurs interested in the potential of hemp derived products like cannabidoil (“CBD”) and commercialization of industrial hemp.  Our lawyers have also been involved in cannabis-related reforms at the state and local level, including drafting a local ordinance on marijuana and counseling clients on the potential impact of new marijuana laws. 

 

Cannabis-related businesses face many of the same issues as other businesses.  Like other businesses, our attorneys can represent cannabis-related businesses and their owners in a wide variety of legal areas, including: 

 

  • Business formation and funding, including entity selection, organization and tax classification, and securities laws compliance; 
  • Leasing or acquisition of real estate; 
  • Managing and advising on zoning issues that arise in cannabis-related businesses;
  • Developing employment contracts and employment policies concerning cannabis;
  • Preparing and submitting licensing and permit applications; 
  • Lobbying and managing the client’s interface with elected officials and administrative agencies; 
  • Assisting with due diligence regarding the purchase of a cannabis-related business; 
  • Acquisitions and divestitures of mature and start up companies
  • Strategic mergers, acquisitions and joint ventures; 
  • Resolving disputes with vendors, contractors, employees, or competitors
  • Assisting with due diligence regarding investments in cannabis-related industries; and
  • Estate planning for wealth accumulated in the cannabis sector.