In some ways, the cannabis business is unlike any other. However, when it comes to the importance of well written contracts that protect all signatory parties, cannabis is business like in any other regulated industry. Strong contractual relationships and efficient contract management are essential to its success and growth.
Our attorneys have over a decade of experience negotiating and drafting contracts for private and public entities of varying sophistication and complexity. We understand that without great contracts, great business relationships can be difficult to form and maintain. Whether you are starting a new cannabis business or seeking to grow with the market, Green Light Law Group can help you secure your business relationships with clarity and efficiency.
Because of the special history that cannabis has in America, it is easy to forget that when it comes to growing and supplying it, it is – in many ways – an agricultural product like any other. As the industry grows in professionalism, robust contractual relationships will be a prerequisite for growing a successful cannabis business.
In the cannabis industry, the ability to secure and maintain contractual relationship with key suppliers, vendors, and customers in a highly competitive and diversified market will dramatically improve your ability to flourish. As dispensaries sign supply contracts with cultivators, both parties will need to ensure that their interests are protected. Dispensaries, for example, will wish to ensure that suppliers are held responsible in the event of non-delivery, or delivery of substandard product. Growers will wish to guarantee their investments by contracting to sell their production before the grow is complete. Key employees and directors will require indemnification agreements to protect their interest. Growers who wish to bring their brands to other states will require intellectual property licensing provisions that allow them to bring their brands across state lines without transporting cannabis across those lines. Green Light Law group is prepared to guide these parties through the contracting process to ensure that their business is protected on firm legal grounds.