How to transition your cannabis business to a for-profit entity in 2018

Cannabis workshop: how to transition your business to a for-profit entity for 2018
California’s familiar old “collective” model of cannabis businesses will be going away in 2018. It’s been a convention of the industry since before anyone considered it an industry, but soon it will be relegated to history. What does that mean for your business?

This workshop will cover everything you need to know to navigate the path from a non-profit mutual benefit corporation to a for-profit corporation, LLC or other entity.

We will be joined by Kathryn McCall, a partner at the law firm Sideman & Bancroft, who will share her expertise in business law and answer questions on this complex and important process. Kathryn will cover what you need to know and what you need to get started with now to prepare for 2018.


What is the process like? What will you need to do?
What are some potential complications or things you need to be careful of?
How might the transition to a for-profit entity impact your eligiblity for priority licensing?
What tax consdierations do you need to think about in this process?
What kind of entity best suits your business (corporation, LLC, etc.)?



You can bring along your collective agreement and we will cover examples of things to include or avoid in the presentation. Getting the transition to a for-profit entity right will be one of the most important pieces in the path to compliance under MAUCRSA. Look forward to seeing you there!