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Piercing the Corporate Veil

The so-called corporate veil is the legal designation of a limited liability company (LLC). The LLC designation is what offers business owners protection from legal responsibility for the company. When the corporate veil is not intact, business owners can end up having to use their own assets to pay for their business’s legal expenses. How […]

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Banking, Cash and Cannabis

Cannabis remains federally illegal in the United States. This means it is illegal for banks to handle medical and recreational cannabis revenue. As with other aspects of the cannabis business, the federal illegality of cannabis greatly complicates life for business owners. Large national banks comply with federal law and refrain from doing business with cannabis […]

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Tips for Starting a Cannabis Business.

Federal Prohibition Continues Despite cannabis being legal in 18 states, the federal government still maintains cannabis prohibition through the Controlled Substances Act. Cannabis prohibition creates numerous challenges for cannabis businesses which other businesses do not face. According to the federal government cannabis businesses are still criminal enterprises. While LLCs do not offer full legal protection, […]

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New Business Alert: Recreational Cannabis Sales to Begin in 2022 for New Mexico

In recent years, many states across the country have liberalized their cannabis laws. It is important to note that while individual states have changed their laws, cannabis remains federally illegal. On April 12, 2021, New Mexico joined the movement when Governor Michelle Lujan Grisham the Cannabis Regulation Act. This act did not immediately legalize recreational […]

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What is Cryptocurrency and Should Your Business Accept it?

Cryptocurrency was first invented in 2009 as an alternative to traditional forms of money and has only gained popularity since then. What is Cryptocurrency? Cryptocurrency (or crypto, for short) can be thought of just like any other kind of currency. It can be exchanged for goods and services. Cryptocurrency is different from traditional currencies in […]

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