What is the best entity to use for a cannabis business depending on your partnerships and jurisdiction you are seeking licensure? We will work with you every step of the way on strategy and establishing your cannabis business entity. Considering the changing landscape of IRS Section 280E and treatment of net profits, Moriconi Flowers has deep relationships with accounting and financial experts well-versed in handling these hurdles. To that end, no business should be without a sound plan. We can assist with providing the critical business plan overview that will guide operations as we move towards a full legalized cannabis market.
Success in your application to regulatory authorities is critical – and the first major hurdle to entering this new market. Mitigating the waste of months of time, energy, and money is different for each client. Moriconi Flowers can provide the type of analysis so that clients can choose their best avenue to success. Most states that have legalized marijuana have a limited amount of licenses available and many competing entities for those licenses. Moriconi Flowers has proven experience to help you put together an application that has what each particular state or jurisdiction demands – no two are the same.
Real estate agreements can make or break the success of a business. Whether you’re starting a dispensary, grow, or other types of marijuana or hemp businesses, we understand how to help you negotiate effective agreements that will be a crucial part of your cannabis business’s success. Because most jurisdictions require the applicant to have control of the real property, Moriconi Flowers can assist hedging the exposure to carrying costs associated with such control.
The cannabis industry is highly regulated. Businesses with an effective compliance strategy have a distinct advantage in this space over those that will risk fines and great expense being unprepared for regulatory changes. Not only can violations and breaches create insolvency, but even if there are no violations, the wrong strategy can be very costly for the business having to make unexpected purchases to keep up with compliance changes. Keep in mind that cannabis businesses cannot currently avail themselves of the United States Bankruptcy Code. We partner with you to help you start a compliant marijuana business and stay compliant as your business grows.
Depending on the type of cannabis business, the typical capital and operating investment can commonly approach and exceed millions of dollars. Successfully securing investment and partnering with the right investors may be the most important step in building a long-term profitable cannabis business. We help you find the right investments, implement cannabis industry-specific strategies, and advocate for you on your investment strategies and agreements.
Are you looking for someone who understands cannabis business contracts from not just the perspective of an attorney but also as active business persons? Due to our hands-on business experience we take a more global perspective on contracts. Negotiating great deals with vendors is critical to business success. Understanding the practicalities of contract execution and logistics after execution is as significant as the business itself. We can help you with all of the relevant contracts whether you’re just getting started, have a solo cannabis business, or area a multi-state/country operation.
What is the end goal of your cannabis business? For some companies, it is growth and expansion. For others, it is to sell the business at a set time or income threshold. No matter your eventual strategy, the steps to make it successful start years prior to the event. We will help you every step of the way and take care of legal needs no matter your long-term goals.
8080 Old York Road, Suite 225
Elkins Park, PA 19027
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1500 JFK Boulevard, Suite 630
Philadelphia, PA 19102