We have been at the forefront of the medical and adult-use cannabis industry since the very early stages of its regulation and legalization across the U.S.
At the Industry Forefront
Our Cannabis group is comprised of attorneys across practice groups, spanning multiple offices with unique insight and experience to assist cannabis and cannabis-related operators with all aspects of their business. We also represent both buyers and sellers of cannabis businesses as well as investors. Our practice is national and international in scope, as we represent cannabis clients in transactions in a variety of states and Canada.
We also advise clients regarding industrial hemp and CBD products, and have extensive experience advising companies that are interested in providing ancillary services to cannabis companies.
Our practice includes former prosecutors who advise businesses with the risks inherent in working with the cannabis industry and compliance practices that businesses can adopt. We have advised clients in the legal, lobbying, financial services and accounting fields.
Areas of Focus
Medical and adult-use cannabis businesses face a complex set of federal and state laws and regulations that apply to cultivation, processing and dispensing cannabis, as well as to ancillary services. Lawyers in Foley Hoag’s Cannabis Practice have assisted both public and private cannabis companies with:
major mergers and acquisitions
formation of cannabis funds
corporation formation, early stage company issues, and other business counseling
winning competitive licenses at the state and local level
all phases of state and local permitting
government and public strategies
real estate transactions
intellectual property matters, including registration and defense of trademarks
banking and finance issues
FDA and FTC compliance and legislative interaction
We represented The Valens Company in its underwritten “bought deal” offering of units resulting in gross proceeds to the company of approximately CDN$32.3 million
Deals & Matters
We represented Columbia Care in its $2 billion sale to Cresco Labs, brining together two of the leading operators in the cannabis industry
Deals & Matters
We represented The Valens Company in gaining approval for an application to list its common shares on the Nasdaq Capital Market under the symbol "VLNS"
Deals & Matters
We advised Trulieve Cannabis Corp. in closing its private placement of 8% Senior Secured Notes due 2026 for aggregate gross proceeds of US$350 million
Deals & Matters
We represented High Fidelity, Vermont’s largest medical cannabis company, in its $25 million sale to cannabis consumer packaged goods and brands company SLANG Worldwide
Awards & Accolades
Named the Best Cannabis Law Firm at the Benzinga Cannabis Awards, an award given to the law firm that “best understands the legal landscape in cannabis in the US and beyond”
50 lawyers listed in the 2023 Best Lawyers in America guide, a ranking based on peer review
Chambers USA 2022
Ranked as a leading law firm in Chambers USA 2022; shortlisted for recognition as Cannabis Law Firm of the Year
The Insider 100: Cannabis Power List
Counsel Michael McQueeny was named to The Insider 100: Cannabis Power List for the state of New Jersey, a recognition of the top 100 voices involved in the movement to end the state of New Jersey’s prohibition of cannabis
Foley Hoag has a dedicated and experienced Privacy and Data Security team, including attorneys who are Certified Information Privacy Professionals and who have experience in advising cannabis companies on other regulatory and compliance.
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