News & Analysis as of

State and Local Government › Regulatory Requirements › Business Ownership

Fox Rothschild LLP

Corporate Transparency Deadline Rapidly Approaching for New York LLCs

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The U.S. Department of the Treasury decided in March to suspend enforcement of the federal Corporate Transparency Act (CTA), but limited liability companies (LLCs) formed or authorized to do business in New York state still...more

Vicente LLP

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

Vicente LLP on

More than two years after Minnesota Governor Tim Walz signed legislation legalizing adult-use cannabis, and eleven years after the establishment of the state’s medical cannabis program, adult-use cannabis businesses are...more

Husch Blackwell LLP

OCM Guidance Regarding Ownership Transfers Provides Pathway for Funding Social Equity Licensees

Husch Blackwell LLP on

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 and, in many...more

Stevens & Lee

Navigating Interstate Entity Issues: Corporate Practice of Medicine and Ownership Considerations

Stevens & Lee on

Health care entities, such as professional corporations (PCs) and professional limited liability companies (PLLCs) (known as “restricted limited liability companies” in Pennsylvania), encounter a complex legal analysis when...more

Foley Hoag LLP - Cannabis and the Law

Proposed Bill from Joint Cannabis Committee Would Adopt Meaningful Reforms to Struggling Mass. Cannabis Industry

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Nearly nine years after voters authorized the regulated sale of adult use cannabis in Massachusetts, the Joint Cannabis Committee is addressing the challenges (and that’s an understatement) the industry is facing with a very...more

Orrick, Herrington & Sutcliffe LLP

North Dakota amends regulations on appraisal management companies

Orrick, Herrington & Sutcliffe LLP on

On March 26, North Dakota enacted HB 1080 (the “Act”) which amends regulations pertaining to appraisal management companies. The Act generally specifies owner requirements, prohibiting registration for companies owned by...more

IR Global

Major Updates to Colorado Liquor Laws

IR Global on

As of January 1, 2025, the Colorado Department of Revenue’s Liquor and Tobacco Enforcement Division implemented new liquor rules to enforce SB24-231, which became law in 2024. The new law vastly modified the alcohol industry...more

Foley Hoag LLP - Cannabis and the Law

Kentucky Cannabis Marketplace Begins to Bloom

Foley Hoag LLP - Cannabis and the Law on

Medical cannabis in the Commonwealth of Kentucky is now legal as of January 1, 2025, with increasing opportunities for businesses and patients alike. Investors and market participants should be aware that, although cross...more

DarrowEverett LLP

Foreign Entity Qualification Requirements: New York, Florida, and Massachusetts

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For many founders, business formation in Delaware is preferrable regardless of where the business plans to operate. There are many reasons for that, including preferable corporate taxes, business friendly laws and...more

Foley Hoag LLP - Cannabis and the Law

New York Promulgates Interim Guidance on Changes of Ownership and License Amendments

Foley Hoag LLP - Cannabis and the Law on

The New York Office of Cannabis Management (“OCM”) has promulgated interim guidance identifying how it will address changes of ownership and other license amendments. While many have criticized the OCM for delays in...more

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