Karr Tuttle Campbell represents businesses and individuals engaged in the quickly-developing cannabis industry. Our clients in this industry include licensed cannabis producers, processors, and retailers, as well as entrepreneurs and investors focused on bringing new goods, services, and sources of financing to the expanding cannabis marketplace. We are able to assist clients with planning and structuring their business entity, equity allocation and profit sharing, private or venture financing, regulatory compliance, employment law, leasing, banking, asset protection, taxation, trademark registration and enforcement, contracts and licensing, litigation, mediation and arbitration, acquisition, merger or sale of the business.
Dealing with the Washington State Liquor and Cannabis Board (“WSLCB”) and navigating the ever-changing regulatory landscape can be challenging and fraught with peril. Our attorneys can help guide you every step of the way through the licensing process, a change in location, a change in ownership, adding investors and even selling your business or license. For even the most experienced I-502 businesses, operating in full compliance the laws and regulations can be daunting. KTC proactively advises I-502 clients on all aspects of regulatory compliance. Should you ever receive a notice of violation from the WSLCB, we have experience settling violations with both the WSLCB and attorney general’s office. If settlement of the violation is unsuccessful, we can represent you in the administrative appeals process to contest the violation.
Your company’s most valuable asset could be your intellectual property. Make sure it is protected. Our experienced intellectual property (“IP”) attorneys can help you establish and protect your brands by registering and enforcing your trademarks. We can also advise you on the selection of brand names to maximize the strength of your brand. Once your IP is registered, we can help you monetize your IP through a variety of means such as the negotiation and preparation of licensing agreements or through enforcement action such as litigation.
If you are looking for an infusion of cash to expand your operation, re-locate to a better facility or for any other reason, our attorneys are well equipped to assist you in that process. We will ensure that any investment into your business not only satisfies the complex securities and tax laws, but that any investment will be made in full compliance with the I-502 regulations. If you are considering a sale of your I-502 business, we can help you through every step of that process as well.
In short, the Cannabis practice group is well-equipped to assist with any legal challenges your I-502 business might face. Contact us to find out how we can help.
State and Federal Law Conflict
In providing legal services to this fast growing industry Karr Tuttle believes it is important to acknowledge the awkward conflict between State and Federal law. The possession, distribution, (most advertising) and manufacture of marijuana remains illegal under the federal Controlled Substances Act (“CSA”) regardless of state law. Although the U.S. Department of Justice has noted that an effective state regulatory system, and compliance with such a system, should be considered in the exercise of investigative and prosecutorial discretion, its authority to prosecute violations of the CSA is not diminished by the passage of state laws which may permit such activity, including Initiative 502 in the State of Washington.