Publications
How Private Equity Trumped Social Equity in State Cannabis Deal
By Rosalind Adams (The City)radams@thecity.nycUpdated April 24, 2024 5:01 amLink to original article: Click here to view. Last June, Gov. Kathy Hochul announced that a much anticipated deal had finally been reached to fund a $200 million public-private fund that...
Why New York’s cannabis licensing is tied up in court: a lawyer explains
By Sarina Trangle (Newsday)sarina.trangle@newsday.com; Twitter: @SarinaTrangleUpdated September 12, 2023 7:07 amLink to original article: Click here to view. Pot's been legal in New York for more than two years, but its first authorized vendors keep getting caught in...
Judge affirms freeze on pot shops but opens door to exceptions
By Sarina Trangle (Newsday)sarina.trangle@newsday.com; Twitter: @SarinaTrangleUpdated August 11, 2023 6:30 pmLink to original article: Click here to view. An upstate judge issued an order Friday that maintains a freeze on the processing of provisional retail...
Mergers & Acquisitions: How to Buy or Sell a Cannabis Business
Prepared by Neil M. Kaufman, Esq.Managing MemberKaufman McGowan PLLC This outline summarizes how to approach the critical factors in merger and acquisition transactions relating to United States cannabis businesses in particular. These transactions generally are...
Mergers & Acquisitions: How to Buy or Sell a Business
I. Evaluating Potential Buyers and Sellers. A. Preparing to sell the Company:1. Sellers should:(a) fill key positions in the management team in order to ensure an efficient process (see Section III.A.1). (b) Lock in recurring high-margin revenue growth. Profitable...
Choosing A Corporate Structure
View PDF of the chart here! The chart below sets forth the primary differences between the C-corporation, S-corporation and LLC so that a business owner can make an informed decision and choose the best corporate structure for his business. C-corporation...
Selling Restricted Securities
SELLING RESTRICTED SECURITIES Prepared by Neil M. Kaufman, Esq. I. IntroductionA. Registration or exemption required for all sales or issuances of securities B. Other issues affecting sales of securities, whether or not restricted1. Insider trading restrictionsa....
Selling Restricted Securities Flowchart
SELLING RESTRICTED SECURITIES: A FLOWCHART The following flowchart illustrates various methods in which securities may be sold. This chart is intended for use in connection with sales of securities by security holders of U.S. publicly traded companies within the U.S....
Financing Alternatives for Cannabis Companies
By Neil Kaufman, Esq. Obtaining financing is a challenge for many high-growth companies, especially in the cannabis industry. Since bank debt often is unavailable to cannabis companies, they tend focus primarily on equity or private equity-linked debt (e.g....
Five misconceptions of raising growth capital
As appeared in Marijuana Venture / October 2016 By Neil M. Kaufman Many cannabis companies seeking to raise capital appear to have some misunderstandings about how to do so. In order to clarify these prevailing misconceptions. here's a look at five common myths...
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