Insights

How to Buy or Sell a Cannabis License in Minnesota’s Adult-Use Market: M&A Guide (2025)

By Jason Tarasek, Charles Alovisetti, Jack Crain
Jul 18, 2025

Minnesota’s adult-use cannabis program is officially underway, and the state’s M&A activity is heating up. This blog outlines key licensing trends, including microbusiness and mezzobusiness activity, valuation ranges, and social equity program requirements. It also breaks down the Minnesota Office of Cannabis Management’s (OCM) new guidance on ownership transfers. Whether you’re looking to buy, sell, or invest in a cannabis license, this resource highlights what you need to know to structure a compliant deal in the North Star State.

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Texas SB 2024: Statewide Ban on Hemp-Derived Vapes Takes Effect September 2025

By Shawn Hauser, Angela George
Jul 17, 2025

Texas Senate Bill 2024, signed into law on June 20, 2025, enacts a sweeping statewide ban on hemp-derived vape products, effective September 1, 2025. While attention was focused on the vetoed SB 3, SB 2024 quietly advanced and now effectively eliminates hemp-derived vape products from the Texas market. This blog explores the bill’s evolution, the legislative strategy behind it, and the far-reaching implications for the hemp and vape industries.

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How to Find a Compliant Property for Your Colorado Natural Medicine Business

By Colleen Mitchell
Jul 15, 2025

If you’re planning to open a licensed natural medicine healing center, cultivation facility, or manufacturing business in Colorado, the first step is securing a compliant property. This process can be complex, involving both state and local zoning requirements, setback rules, and proper site control documentation. In this blog, we break down the key property considerations for Colorado natural medicine businesses, including how to navigate zoning approvals, understand state and local setback requirements, and secure the necessary site control documents to move your business forward.

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Texas Cannabis Legalization: What the SB 3 Veto Means for Hemp Businesses

By K. Dana Harewood, Angela George, Shawn Hauser
Jul 1, 2025

Texas Governor Greg Abbott’s veto of Senate Bill 3 (SB 3) created a critical moment for the state’s hemp industry. With a special legislative session beginning on July 21, 2025, Texas has an opportunity to expand on its existing regulatory framework to better balance consumer safety with a business-friendly approach. In this blog post, we discuss the key details of the SB 3 veto, Governor Abbott’s proposed policy objectives and the political challenges ahead. Months of legislative turmoil in the Lone Star State have left the Texas hemp industry in limbo, uncertain whether it will survive until the end of the year. Thanks to an 11th hour veto of Texas Senate Bill 3, the state’s hemp industry remains alive and well – at least for now.

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Utah Opens Medical Cannabis Pharmacy License Applications: What You Need to Know

By Yolanda Clarke
Jul 1, 2025

The Utah Department of Agriculture and Food (UDAF) announced that the application window for the first of two new independent medical cannabis pharmacy licenses is now open from July 1 to July 31, 2025. The application fee is $2,500, and licenses cannot be transferred for at least 15 years. Eligible applicants must be new operators with no financial ties to existing pharmacies and must locate in medically underserved areas. This blog covers key requirements, including zoning, security, operational plans, and deadlines to help applicants prepare for this rare licensing opportunity.

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Commentary and analysis on cannabis, hemp, psychedelics, and other emerging therapies from the attorneys and policy specialists at the nation’s leading cannabis law firm.

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