Cannabis Law Perspectives

Legal insights into california's cannabis industry

20 Things to Do in 2020- New Year’s Resolutions for Cannabis Businesses!
Corporate & Transactional
Hilary St. Jean

20 Things to Do in 2020- New Year’s Resolutions for Cannabis Businesses!

1. Reconsider Corporate Structure: Is the entity type right for your business? Are investors indicating different preference (e.g. a corporation instead of a limited liability company)? Consider changing things up this New Year, subject to compliance considerations and limitations around permits and licenses, to align with general preferences and limitations on liability for cannabis businesses. 2. Ensure Written Policies and

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How California cannabis companies can earn more money in 2020.
Corporate & Transactional
Hilary St. Jean

Clean the Slate: Ways to Make Money in 2020

As we get ready to ring in the New Year, we know cannabis businesses would like to hear their cash registers ringing as well. California cannabis companies have struggled recently with over-valuations, over-promised performance forecasts and under-delivery on revenues and forecasts. Investors have struggled to fully comprehend why their investments have not panned out as expected in the emerging legal

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Fast Funds For Cannabis Companies: Promissory Note Financings
Corporate & Transactional
Hilary St. Jean

Fast Funds for Cannabis Companies: Promissory Note Financings

Many cannabis companies are finding themselves strapped for cash and in need of emergency funding or interim financings between larger equity raises. Often these fast funds come in the form of loans from either existing investors or family and friends. These loans, more often than not, tend to take the form of a promissory note. Promissory notes are instruments that

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Ten Tips on Pitching your Cannabis Business & Setting It Up for Success
Corporate & Transactional
Hilary St. Jean

Ten Tips on Pitching your Cannabis Business & Setting It Up for Success

Know Your Stuff.  It’s crucial that you come across as competent, professional and knowledgeable.  For sophisticated investors, knowledge about the business doesn’t mean only knowledge about the product and the brand; it’s likely to also encompass knowledge regarding the business plan and vision, the corporate structure and capitalization, as well as financials and forecasts. Be Succinct and Distinguishable.  There’s a

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Corporate & Transactional
Hilary St. Jean

Understanding Cannabis Company Valuations: Principles, Challenges and Methodologies

Cannabis Company Valuation Challenges Valuing a company is a complex analysis. Layering on the regulatory and political uncertainty in the cannabis industry adds to the complexity for cannabis companies versus other industries. In Canada, having a public market to compare to can help give some idea perhaps of where the future of cannabis-related valuations in the U.S. may go, but

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Best of Sonoma County 2019
Corporate & Transactional
Rogoway Law Group

Hilary St. Jean, Our Senior Corporate Transactional Attorney, Recognized as Best Attorney in Sonoma County.

Today, the Press Democrat announced Hilary St. Jean–Senior Corporate Transactional Attorney at Rogoway Law Group–as the winner of the Best Attorney, as part of the publication’s Best of Sonoma County awards. The Sonoma County Real Life 2019: Best of Sonoma County awards give the readers of the Press Democrat–the daily with the largest circulation in the California North Bay–a chance

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Important considerations for composition of the Board of Directors for cannabis companies.
Corporate & Transactional
Hilary St. Jean

Crucial Considerations For The Composition of The Board of Directors

In a corporate context the Board of Directors (the “Board”) is the most important governing body for the corporation. The Board holds ultimate responsibility for the business and affairs of a company. Other than items also requiring the vote of the shareholders, the business and affairs of the corporation are managed, and all corporate powers are exercised by or under

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Preferred stock financings as one form of equity financing for you cannabis business.
Corporate & Transactional
Hilary St. Jean

Securing Funding for Your Cannabis Business Through Preferred Stock Financings

Types of Financings for Cannabis Businesses Financings for cannabis businesses can take different forms. There are debt financings and equity financings. Debt Financings Debt financings often are documented in instruments such as promissory notes (whether simple loans with interest that accrue and mature, or loans convertible into equity on certain events or otherwise mature). Equity Financings Equity financings often are

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LLCs & Corporations: Formation & Entity Structure Considerations
Corporate & Transactional
Hilary St. Jean

Formation & Entity Structure: Important Considerations for Startups

Decisions, decisions! Businesses often wonder where to start in connection with pulling together corporate paperwork for initial operations, including as to how they should structure their businesses and what entity type to choose. Many new entrepreneurs don’t have a broad understanding of how different types of entities operate and why it’s important to consider a variety of factors when choosing

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Capitalization Basics for Cannabis Startups
Corporate & Transactional
Hilary St. Jean

Capitalization Basics for Cannabis Startups

Startup founders often become swept up in the day-to-day on early product development and business development or other matters and may forget to pay adequate attention to initial company ownership and equity rights matters. It is nonetheless essential to document all equity issuances intended in real time, including documenting founders’ capitalization as soon as possible after entity formation.   A

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