Business Entity Formation: Risks and Liability

Forming a legal entity to conduct a cannabis-related business challenges the common requirement that a business pursue a legal objective. Nevertheless, numerous cannabis industry ventures--from publicly traded pharmaceutical firms to privately funded cannabis information providers--are seeking to profit from the industry despite the legally threatening environment

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OPINION: Northbay Wellness Group, Inc. v Beyries

789 F.3d 956 (9th Cir. 2015)

Bankruptcy court held that the doctrine of unclean hands prevented creditor Northbay, a medical marijuana dispensary, from obtaining relief from debtor attorney who converted its funds. Ninth Circuit reversed because the debtor's wrongdoing outweighed Northbay's and because application of the unclean hands doctrine to absolve an attorney of responsibility for stealing from his client would be contrary to the public interest.

Key Considerations For Investing In Marijuana Companies

By Law360

Increasing numbers of sophisticated investors are taking a closer look at opportunities in the marijuana industry. However, the legal landscape is complicated and contradictory, and investments require a heightened level of due diligence. (Subscription Required)

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Web Site: America's Weed Rush

This investigation of marijuana legalization in America is the 2015 project of the Carnegie-Knight News21 program, a national multimedia investigative reporting project produced by the nation’s top journalism students and graduates.

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