Cannabis

Overview

Tannenbaum Helpern offers high quality, highly tailored services required by its clients involved in the emerging, closely regulated medical and adult-use (or recreational-use) cannabis industry. Our cannabis-related clients span the cannabis ecosystem and include multi-state operators, marijuana tech companies, CBD companies, U.S. and non-U.S. cannabis-focused private investment funds, and institutional investors with interests in cannabis companies in the U.S. and Canada. For our clients, Tannenbaum Helpern brings a multi-disciplinary approach to resolving their business and legal challenges, offering cost-efficient and customized solutions that encompass a wide range of legal services including corporate, venture capital, private equity, mergers & acquisitions, divestitures, fund formations, investments, real estate leasing, intellectual property, distribution, business reorganizations and creditors’ rights, tax, employment, litigation, arbitration and dispute resolution, cybersecurity and data privacy, and compliance with United States federal and state laws and regulations governing cannabis. Tannenbaum Helpern has deep experience in advising cannabis clients on the inconsistencies between many state laws and federal law governing this industry.

An early legal service provider in the cannabis space, Tannenbaum Helpern’s Cannabis Industry practice has over four years of experience, advising some of the biggest cannabis investors in the industry. Our attorneys are actively staying on top of cannabis developments through their involvement with cannabis associations and as members of the New York State Bar Association’s Committee on Cannabis Law. Tannenbaum Helpern’s lawyers are frequent speakers on cannabis related topics at industry events and serve as thought leaders in articles published through a wide variety of media outlets and professional organizations. As New York, New Jersey and Connecticut have legalized commercial adult-use cannabis business, Tannenbaum Helpern is actively tracking regulatory developments and forming close ties with service providers that will support this new multi-billion dollar regional industry.

*The distribution and sale of marijuana, as well as its use and possession, remain criminalized under federal law. Tannenbaum Helpern does not intend any of its legal advice to provide assistance in the violation of federal law.

Representative Experience

• Provided corporate, private equity and mergers and acquisitions structuring advice to a series of private funds in connection with their acquisition of a $60 million controlling interest in a publicly-traded Canadian medical marijuana company in a club deal with high profile Canadian partners.
• Provided corporate and real estate advice to a Multi-State Operator in its acquisition of a cultivation facility in New Jersey.
• Provided corporate and creditor rights advice to the lenders in connection with their $75 million secured credit facility to a Multi-State Operator.
• Provided investment advisory, regulatory and tax advice to a U.S. feeder fund into a Canadian cannabis-focused private investment fund.
• Provided investment advisory and regulatory advice to an investment advisor to private funds in connection with its investments in the cannabis industry.
• Provided corporate, regulatory and governance advice to a major investor in a U.S. state-licensed medical marijuana grower and retailer throughout the lifespan of that company.
• Provided corporate and venture capital advice to institutional investors in connection with its evaluation and negotiation of an investment in several state-licensed vertically integrated cannabis company.
• Provided corporate, distribution and regulator advice to a billion dollar revenue beverage distributor in connection with its distribution agreement(s) with CBD beverage makers.
• Provided corporate, governance and regulatory advice to venture investors in several Series A and Series B preferred stock investment rounds in cannabis related businesses.
• Provided investment advisory regulatory and tax advice to several cannabis private investment funds in their fund formation and SEC investment advisory issues.