US Cannabis Industry-Just Another Sinking Ship?

US Cannabis Industry-Just Another Sinking Ship?

Is the cannabis industry just another sinking ship in the US? This story was picked up out in the cannabis news world. Read it for yourself.

Have the end times have begun for US weed companies as the first South American imports are approved by the DEA.

The US Federal Government Gives Approval for South American Cannabis Imports into the USA.

In an exclusive announcement from Benzinga, a breakthrough partnership between MMJ International Holdings and Global Cannabis Production (GCP) has just been announced – one that has the potential to alter how the worldwide marijuana industry operates entirely.

The two companies announced a joint partnership to get the enable the first-ever importation of tetrahydrocannabinol (THC) products into the United States from Uruguay. In addition, they are also inking a deal to produce cannabis-based pharmaceuticals to sell internationally. Once established, this will revolutionize patient access to cannabinoid medicines while also marking a milestone in cannabis medicine and cannabis research.

Read the rest of the article here

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Cannabis companies will progress despite surge in receiverships

Cannabis companies will progress despite surge in receiverships

Marijuana sales in Michigan hit record highs last year, with organizations profiting more than $221 million in the period of December 2022 alone as per a state report. Yet, as the developing industry keeps on evolving, a few organizations are starting to fall behind.

Last week, Skymint, one of the top marijuana producers in the state went into receivership in the wake of defaulting on a $127 million credit.

Receivership is an interaction where a court-selected official assumes control over a business to assist an organization with keeping away from liquidation.

"It's just what happens sometimes in business. It's a continuing evolution, It's survivable. We have a case we have been working with that has gone into receivership and it is turning a corner and moving forward" said Attorney Michael Komorn of Komorn Law.

"There are a lot of roadblocks in the system such as banking, marketing, insurance, credit, landlords, etc. The fact that it is still a controlled substance is absurd. The state and feds are in control of both sides of the bridge. It will work itself out and the smart and strong will survive" Komorn stated.

Komorn Law specializes in cannabis business services as well as legal defense.

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This post may contain re-posted content, opinions, comments, ads, third party posts, outdated information, posts from disgruntled persons, posts from those with agendas, private stuff and general internet BS. Therefore...Before you believe anything on the internet regarding anything - do your research on "Official Government and State Sites", Call the Michigan State Police, Check the State Attorney General Website and Consult an Attorney - Use Your Brain. You're on the internet.

Do Your Homework Before Hiring the Right Attorney For Your Cannabis Business

Do Your Homework Before Hiring the Right Attorney For Your Cannabis Business

Saw this on Michigan Hemp Industries site and thought it made sense.

MARIJUANA ATTORNEY CLONES

The “marijuana” attorney clones are spawning out of mist to hop on the cannabis train that very few lawyers, activists and victims of the system struggled to get a seat on.  Those people are the ones that fought all along for the rights of those charged with marijuana “crimes”, fought for medical marijuana and exposed themselves to the public to eventually get marijuana recognized enough as OK to be recreational.

 

These few attorneys know and understand the community and have been part of the community.  The lawyers now appearing out of thin air as “experienced” and marketing for a page 1 slot position in a Google search have not been in the trenches.  There are some that fought from the shadows and offered support, but they gained no experience from not facing the challenges.  Some attorneys viewed these types of cases as a quick income and knew well in advance they were going to plea out.

 

The new marijuana laws are intricate, evolving to adapt and require special attention to understand. You want someone who knows the inner workings of state and local governments and the laws where your business operates.


Thinking of starting a cannabis related business in Michigan?  Contact Komorn Law  800-656-3557. But first do your homework like the article says. It’s OK we welcome it. Start at the bottom of this page.  Finish the article first!

 

DON’T BELIEVE THE HYPE

Before hiring an attorney or legal consultant don’t believe the hype they put out.  Do your homework and check to see if the lawyer you’re looking at has some connection to the community and has focused their practice around marijuana.  It doesn’t mean they should be 100% focused on it but a sizable portion of their practice should be the main focus.

 

CHECK THEM OUT

If they claim to be part of the community – check it out.  Ask people in the cannabis community who they would refer or go to. Then ask why and what their experience was with the attorney.

If the attorney claims victory after victory with little or no information (yes – there are privacy issues) something may be off. One could make stories up all day long.

 

WHAT ELSE DO THEY DO

Do they upload videos to you tube? Do they have a radio show? What do their reviews look like? Do the reviews look real? Look into it.  This is the person that’s going to be the one who has your back, keep you safe and stand up for you if you screw something up.

 

WORD OF MOUTH

This article could go on and on but by now you should have been motivated to do your homework and make some good choices.  This article was not made for SEO and Googlized to be #1.  It was made make you think and be proactive.  Remember word of mouth has always been the best form of advertising.  The best thing to do is just ask the people who were already there and happy with the results. Then dig deeper.  Oh yeah…RIP- Stan Lee.


 

 

About Komorn Law

Komorn Law has represented numerous clients through the legal chaos of starting up a business in the Michigan Medical Marihuana Industry as well as consulting and legal representation for Medical Maruhuana Patients and Caregivers.

If you or someone you know has been arrested as a result of Medical Marijuana, DUI, Drugs, Forfeiture, Criminal Enterprise or any other criminal charges please contact our office and ensure you’re defended by an experienced lawyer.

Attorney Michael Komorn is recognized as an expert on the Michigan Medical Marihuana Act. He is the President of the Michigan Medical Marijuana Association (MMMA), a nonprofit patient advocacy group which advocates for the rights of medical marijuana patients and their caregivers.

Contact us for a free no-obligation case evaluation  800-656-3557.

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This page is for informational purposes only. Laws, regulations and the world change routinely, therefore we insist you consult an attorney for the most current legal information.