News & Insights
Navigating the New Law Requiring Small Businesses to Disclose Full Beneficial Ownership
If you have significant control over the operations of or own twenty-five (25%) or more of a company that makes less than five million dollars ($5,000,000) per year, you may be subject to new reporting requirements under the Corporate Transparency Act (“CTA”). The CTA, which took effect January 1, 2024, establishes beneficial ownership information (“BOI”) reporting requirements for certain corporations, limited liability companies, and other entities created in or registered to do business in the United States.
Entering the Cannabis Market: The Top Five Realities Cannabis Businesses Need To Know
The cannabis industry is growing rapidly, but it is very complex for any cannabis business to navigate for many reasons. Whether you are an entrepreneur considering entering the adult-use cannabis market for the first time, or you’re a legacy operator seeking entry into the adult-use cannabis market, there are a few things to understand. It is important to do your homework, consult experts, and build a strong team that is prepared for the challenges you will face as a cannabis entrepreneur.
Everything You Wanted to Know about the NY Cannabis “Farmers Market” Program
On July 19, 2023, The New York Office of Cannabis Management (OCM) unveiled comprehensive guidelines outlining regulations and prerequisites for adult-use licensees interested in participating in the highly anticipated Cannabis Growers Showcases (CGS). This initiative, introduced under the umbrella of the New York Cannabis Law, presents licensed cultivators and processors from the state with an exclusive platform to present their products at events, where consumers can purchase directly from licensed retailers.
Chicago Atlantic Commits $150 million to New York Social Equity Cannabis Investment Fund
New York Governor Kathy Hochul announced on June 30 that Chicago Atlantic Admin LLC has committed an investment of $150 million in the state’s Social Equity Cannabis Investment Fund. The funds will be disbursed as low-interest loans and provide hope for needed financing for justice-impacted individuals leading companies that have received Conditional Adult Use Retail Dispensary (CAURD) licenses.
5 Tips to a Successful “Distressed” Cannabis/Psychedelics Acquisition
Whether players in the cannabis and psychedelics industries like it or not, the era of acquisitions of troubled or struggling companies is here. Access to capital, the mother’s milk of these industries, has been severely restricted for over a year. As losses continue, debt matures and defaults grow, businesses seek strategic alternatives including M&A.
Is Your Wellness Business Ready to Incorporate Cannabis?
As cannabis legalization pushes forward throughout the United States, there is a parallel and growing effort to organically integrate the wellness community, including areas such as fitness, yoga, meditation, ayurvedic treatment and acupuncture, with the evolving cannabis landscape.
Leading Attorneys Join Feldman Legal Advisors
Feldman Legal Advisors, PLLC, a New York-based boutique law firm focused primarily on business matters related to the emerging cannabis and psychedelics industries, is pleased to announce the addition of attorneys James Hirsch and Courtney Barnes as Counsel to the firm.