1645 Mackinnon Avenue, Cardiff, CA 92007

Cannabis Business Formation Attorneys in California

Southern California Cannabis Business Incorporation Lawyers

San Diego County Cannabis Business Lawyer for Corporate Governance Assistance

Thanks to a series of new laws legalizing recreational adult-use, the commercial cannabis industry in California is expected to grow dramatically over the next few years. Some financial experts have even compared the emerging market to the Northern California gold rush of the mid-19th century. With annual tax revenues expected to exceed $132 billion nationwide by 2025, it is understandable that entrepreneurs would be interested in staking their claim in the so-called "green rush." At Green Wise Legal, P.C. (GWL), we help cannabis business owners build their companies from the ground up. Our experienced attorneys are committed to protecting your cannabis business from day one.

Business Entity Selection in California

Medical cannabis has been legal in the state for more than two decades, but many medical cannabis businesses have long operated in a sort of gray area in terms of government oversight and legal guidelines. The passage of the Medical and Adult-Use Cannabis Regulation and Safety Act (MAUCRSA) in 2017 consolidated several previous measures, including the Medical Marijuana Regulation and Safety Act (MMRSA) and the Adult Use of Marijuana Act (AAUMA), into a single, comprehensive law. What was once a casual, almost informal business environment is now one that is strictly controlled by government agencies and standardized regulations.

This means that if you wish to get into the commercial cannabis industry, you must be fully prepared. The skilled lawyers at GWL can help you with all aspects of your new business. We will work with you in selecting the best business structure for your specific company, as well as in completing all of the necessary paperwork. Deciding between a corporation (C or S-corp), partnership, or limited liability company (LLC), can be challenging for new business owners as each offers different types of tax advantages and financial protections. Our team is equipped to help you understand your available options so that your business can thrive for many years to come.

We also help cannabis business owners navigate the complex California regulatory framework regarding permits and licensing. Before you can open your business, you will need to obtain licenses at both the local and state level. The application process can be difficult and time-consuming, but the Greenwise Companies can provide the experienced guidance you need. Our firm can even help with the drafting of local ordinances that open up new opportunities for cannabis business owners like you.

Lawyers in San Diego for Corporate Governance

Corporate governance is an important consideration for any business owner, and it is especially critical in the California commercial cannabis industry. Failure to meet government requirements could result in the loss of your licenses, government sanctions, and the end of your business venture. At GWL, our attorneys remain fully up to date on all of the applicable laws, rules, and regulations related to California businesses in general and cannabis companies in particular. We understand that the commercial cannabis sector is relatively young, which means that the business landscape is constantly evolving. We are dedicated to helping your business remain sustainable and profitable no matter what changes may lie ahead.

Call 858-605-8743 Today

If you are looking to start a cannabis business in California, you need guidance from a team that is committed to protecting your interests. Contact our office by calling 858-605-8743 and schedule a free consultation today. We serve cannabis business clients in San Diego County, San Francisco, Los Angeles, and throughout California.

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