[Webinar] Opportunities in the Functional Mushroom Industry
Jul 12, 2023
Mushrooms are having a moment! Watch this session to learn about current and future business opportunities in the growing world of adaptogenic and functional mushrooms.
Food, Beverages & Consumer Packaged Goods
As long-time leaders in the cannabis and hemp legal space, Vicente LLP has considerable experience advising clients on the unique and complex regulatory issues associated with infused food and beverages, dietary supplements, cosmetics, and other consumer packaged goods (CPG). We also provide regulatory compliance guidance on non-cannabis ingredients, including adaptogens, functional mushrooms, and other novel and innovative food ingredients.
Supported by our corporate, regulatory, and compliance teams, CGP companies of all stages can rely on Vicente. We can help you set up your company, raise capital, get licensed, set up contracts and agreements, maintain regulatory compliance, and engage in M&A transactions.
We have also built strategic relationships with firms that have extensive experience navigating the complex federal and state regulatory landscapes surrounding food, beverages, and other consumer packaged goods. Most notably, we have an alliance with Kleinfeld, Kaplan & Becker LLP, a Washington, D.C.-based firm that concentrates on products regulated by the U.S. Food and Drug Administration (FDA), as well as the laws governing the advertising of such products. See the "Services" tab below for more details.
Services
Select a category below to learn more about our food, beverage, and consumer packaged good services.
- Formations
- Financings and investments
- Mergers and acquisitions
- Liquor licensing
- General counsel support, including employment agreements and equity incentive plans
- Industry contracts, including supply, manufacturing, distribution, co-packing, and brokerage contracts
- Other commercial contracts including lease agreements, privacy policies, and terms of service
- Assistance with trademark and other IP protection
- Compliance with respect to preventive controls and Good Manufacturing Practice (GMP); food safety, recalls and reporting; ingredient clearance; labeling and advertising; and organic products.
- Compliance with the Consumer Product Safety Commission, the Consumer Product Safety Improvement Act (CPSIA), the Federal Hazardous Substances Act (FHSA), and Poison Prevention Packaging Act (PPPA)
- Generally Recognized as Safe (GRAS) and New Dietary Ingredient (NDI) submissions
- FDA packaging and labeling
- Advise on a state-by-state legal strategy for marketing and advertising in compliance with local jurisdictions and state laws
- Advise and formulate compliant and creative advertising and marketing strategy
- Provide advertising compliance checklists federal and state compliance
- Analysis of media risks for advertising and producing cannabis-related content, together with a “risk continuum” evaluation and best practices to mitigate risk
- Social media considerations for consumer product advertising and marketing
- FTC disclosure requirements for expert endorsements and “influencers,” including best practices for using social media for hemp-derived products; contract agreements between company and influencer/endorser
Experience
- Represented hundreds of cannabis companies involved with infused food & beverages, cosmetic products, and cannabis related consumer goods
- Represented multiple cannabis beverage companies in their national expansion as well as their formation and capital raising efforts
- Represented an adaptogenic mushroom company in connection with its formation and financing efforts
- Represented an acquiror evaluating the acquisition of the assets of a diaper company
People
News
The Six Main Functional Mushroom Types: Opportunities and Ongoing Research
By Charles Alovisetti, Sahar Ayinehsazian
Jun 5, 2023
While waiting for the emergence of state-regulated psilocybin markets or federal legalization, entrepreneurs interested in mushrooms have other options to pursue. Read this article to learn more about opportunities in functional mushrooms.
Minnesota Cannabis Legalization Bill Amended to Lessen Potential Impact on Breweries Manufacturing THC Beverages
By Krissy Atterholt, Jason Tarasek
Mar 22, 2023
Microbreweries and cideries have become Minnesota THC beverage market leaders in the wake of 2022's hemp-derived THC product bill. The current cannabis legalization bill would have made things difficult for these producers, but it was recently amended so that lower-potency hemp edibles manufacturers could produce lower-potency hemp edibles at the same facility where food (such as beer or cider) is manufactured.
Functional Mushrooms: The Difference Between Regulation as a Food, Food Additive, or Dietary Supplement
By Charles Alovisetti, Sahar Ayinehsazian
Mar 3, 2023
Given the wide variety of available functional/adaptogenic mushroom product forms, producers and consumers should be aware of the significant differences in regulations for food, food additives, and dietary supplements.
High-THC Hemp Edibles Are Dangerous and Potentially Deadly: A Cautionary Tale in Minnesota
By Andrea Golan
Jan 6, 2023
Minnesota hemp companies are being sued by the Minnesota Board of Pharmacy for selling high-THC hemp-derived edibles that allegedly contained 100 milligrams of hemp-derived THC per gummy bear and were intentionally marketed in a manner that is appealing to children. What standards may lower consumer safety risks for these products?
Financing Adaptogenic Mushroom Companies: Seven Basic Regulatory Points to Understand
By Charles Alovisetti, Joshua Kappel, Andrea Golan
Dec 2, 2021
As we wait for federal legalization and/or state-regulated psilocybin markets to emerge, what can a motivated entrepreneur interested in mycelium pursue?