Marijuana Business Lawyers
Welcome to Katz & Assoicates Law Firm’s webpage dedicated to the medical marijuana business in the State of Florida. We are a law firm with offices in Miami, Sunrise, Ft. Lauderdale, West Palm Beach and Stuart, Florida that handles the medical marijuana business and legal issues faced in the cannabis business. CALL OUR MEDICAL MARIJUANA LAWYERS AT (772) 933-5289 for more information regarding the medical marijuana industry.
Whether you have an existing marijuana business you are a potential investor, our marijuana lawyers and cannabis attorneys are here to guide you. Our law firm and its marijuana business attorneys stay up to date with the new law surrounding the medical marijuana business. Coupled with our legal knowledge and legal experience with setting up business entities such as corporations and limited liability companies and the business transactions that usually follow, Katz & Associates Law Firm is the correct choice for your medical marijuana business needs.
When choosing a lawyer to handle your business ventures you should choose a business lawyer, so why wouldn’t you choose a Florida business attorney to assist you in the marijuana business industry. Katz & Associates Law Firm handles business law, which includes setting up business entities, real estate law, contract law, filing for trademark protection, compliance with Florida Law, business consulting and all other legal areas required for starting and running a successful Florida medical marijuana business / Florida cannabis business.
It is important to note that the current law surrounding medical marijuana is very new and hard for most to understand how it will be applied. At this point, there are several restrictions on the use of medical marijuana as well as who will be allowed to participate in such medical marijuana business. For more information, please read our blog about the new law affecting the medical marijuana business. The marijuana lawyers andcannabis attorneys at Katz & Associates Law Firm shall be at the forefront of the industry following all medical marijuana regulations and its evolution in the State of Florida.
While Florida has just adopted the Compassionate Medical Cannabis Act of 2014, all standards have not been fully developed. However, we can use the other States such as Colorado and Washington as a road map to analyze and anticipate what could become standard in Florida.
The medical marijuana business is complicated based on the new passage of the law and some of the unknown that exists. Many businesses fail for not taking the correct steps – the same shall apply to the medical marijuana business. You need a business lawyer that can hold your hand and guide you every step of the way. The medical marijuana business will have different compliance issues that will require the guidance of an experienced business lawyer. The medical marijuana business comes with the same ground rules as any other business – like any other business you will need to set up a business entity.
The two most common choices of a business entity for the medical marijuana company will be a corporation or limited liability company. Depending on your situation one entity may make more sense over the other. Additionally, the medical marijuana principal will need to consider tax consequences of the marijuana business entity as to how the entity wishes to be taxed. Again, depending on specific situations you can elect to be taxed as a S-Corporation or LLC or partnership. Each of these tax elections come with benefits, restrictions, limitations and drawbacks. It is important to discuss these matters with an experienced business lawyer or certified public accountant. It is important to note that even if you elect to incorporate a limited liability company you can still elect S-corporation tax status.
After you have your chosen business entity for your medical marijuana business, if you have “partners” you will need to have important documents and contracts drawn up to set forth the ownership rights. In the case of a corporation you would want to have a shareholders agreement and in the case of a limited liability company you will need an operating agreement. These mentioned agreements spell out the rights of the owners, how the company shall function, the percentages of ownership, and other important requirements.
The next step in the process will be making sure your company receives the proper business licenses from the State of Florida. Much like a general contractor, a bar, real estate broker – they all require business licenses. There are special rules associated with obtaining a business licenses specific to the industry. Over the next several weeks the State of Florida will be releasing information on how to obtain licenses and the certain process required. This law firm stays up do date on all information concerning the Florida medical marijuana business.
If you wish to speak to one of our medical marijuana lawyers about your particular issue please call us at (772) 933-5289 and/or use the contact form. We look forward to serving you and providing legal insight for peace of mind.