On October 7, 2025, Michigan Governor Gretchen Whitmer signed into law the Comprehensive Road Funding Tax Act (House Bill 4951), which will impose a 24% excise tax on wholesale…
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OCM Guidance Regarding Ownership Transfers Provides Pathway for Funding Social Equity Licensees
The Minnesota Office of Cannabis Management (“OCM”) conducted its license lottery for social equity applicants on June 5, 2025. Lottery winners received preliminary approval and must secure a business location…
Employee stock ownership plans (ESOPs) have been used as a business succession strategy by employers across many industries. In the cannabis industry, ESOPs have come and gone and come again…
On the heels of the 2018 Farm Bill, some states have opted to regulate hemp-derived cannabinoid consumer products. One of the early movers in this area is the State of…
Minnesota Adult Use Cannabis Update
We assisted multiple clients in completing and submitting their adult-use cannabis license applications to the Office of Cannabis Management (“OCM”), and we continue to monitor…
When Less Isn’t More: the Texas Hemp Ban and the Risks of Unregulated Markets
Late Wednesday evening the Texas House of Representatives dealt the hemp industry in the Lone Star State what can only be described as a Texas size heartache with the passage…
Unless you’ve been living under a rock, you know that “THC beverages” derived from hemp have exploded across America (at least in states where they are allowed by law). Time…
Like many others, we were caught up in filing a slew of Minnesota adult use cannabis applications for our clients by March 14 (which, if you were paying attention, that…
Higher Hoops? The Changing Place of Cannabis in College Athletics
Selection Sunday marked the start of the NCAA Division I basketball tournaments this week and this year “March Madness” comes with a lessened degree of “Reefer Madness”. Since the 2024…
Cannabis companies of all sizes have likely come across the issue of having to pursue badly behaved accounts receivable. What was once a time of prosperity has now turned into…
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Husch Blackwell’s Cannabis team counsels clients on a variety of transactions, including mergers and acquisitions, securities offerings (public and private), debt and equity financings, and corporate restructurings. We also provide ongoing sophisticated legal advice regarding regulatory issues, intellectual property, tax, employment and other general corporate matters.







