Cannabis

EXPERT LEGAL ADVICE FOR A CHANGING INDUSTRY

Since early 2014, Prince Lobel has been an industry leader in representing marijuana businesses within the Commonwealth. We represented the first cannabis business to open in Boston, the first business to convert from a non-profit entity and the first dispensary to be licensed for Adult Use. We were the first law firm to file a change of control application with the Cannabis Control Commission, and represented the purchasers in the two largest transactions in Massachusetts in 2019.

Our clients include existing and prospective marijuana dispensaries, cultivators, manufacturers, management companies, retailers, property owners, and investors. We have provided sophisticated strategic advice and representation to these clients in connection with a wide variety of matters, such as negotiating the complex agreement to transfer ownership and control to national or international investors or buyers; navigating the state licensing process and the local municipal entitlement process for the siting of marijuana cultivation, production and dispensing facilities (including obtaining letters of support or non-opposition, zoning approvals, and other permits); structuring banking relationships; developing and implementing tax strategies; forming, structuring and maintaining the sometimes multiple entities that best serves a Massachusetts marijuana business; negotiating mezzanine funding agreements, preparing private placement memoranda and assisting with other fundraising efforts; and negotiating the complex lease agreements and purchase and sale agreements for commercial real estate matters in this specialized industry. Our attorneys are well-versed in the complex laws governing marijuana in the Commonwealth and stay constantly informed on any updates and changes to those laws – including, most recently, the new licenses for delivery businesses and social cafes.

Prince Lobel also represents the economically disadvantaged to open, operate and fund their businesses; we actively represent social equity applicants and Economic Empowerment Applicants in their filings with the Cannabis Control Commission, and Equity Applicants in Boston, Cambridge and surrounding cities. We have represented these applicants and their investors in achieving the difficult balance of allowing the investors to retain their rights to realized gains, while assuring the Equity Applicants retain the interest required to maintain that status. Frequently we will offer discounted rates to our Economic Empowerment clients.

Prince Lobel has also developed outstanding relationships with a network of other professionals that service the legal marijuana industry, including banking institutions, accounting firms, architects, engineers, real estate developers, and real estate brokers and appraisers. This combination of strong partnerships and in-depth legal expertise makes Prince Lobel uniquely equipped to serve all of our clients’ marijuana business-related needs.

Prince Lobel attorneys have experience in the following areas relating to the cannabis industry:
• Regulatory
• Corporate
• Taxation
• Real Estate and Construction
• Intellectual Property
• Labor and Employment
• Litigation
• Environmental Considerations