Marijuana Business Attorneys
Sacks Tierney attorneys help investors and business owners that wish to enter, or are already engaged in, businesses relating to the legal cultivation, processing, distribution and sale of marijuana in Arizona.
For informed investors and entrepreneurs, Arizonas nascent
legal marijuana industry offers unprecedented opportunities and poses unique
challenges. At the same time, it involves many of the legal, operational and
financial considerations common to any business enterprise.
Sacks Tierneys position as a leading law firm for owners
and investors in the
marijuana industry is bolstered by its attorneys skill, experience and
innovation in capital formation, equity structuring, regulatory compliance,
contract law, and complex business and real estate transactions.
Sacks Tierney attorneys advise clients in the
cannabis industry only with respect to compliance with Arizona law, in
Arizona Ethics Opinion 11-01.
February 2017: Steve Lenn
led a Sacks Tierney legal team that represented a Canadian purchaser in the
$25 million acquisition of Arizona cannabis operations.
Marijuana Business and Investment Opportunities
Our recent experience and information that we have gained in
transactions related to Arizonas medical marijuana industry affirm the growing
opportunities for investors and business owners:
high net worth and angel investors that have a tolerance
for uncertainty and wish to stake out a beachhead before more
institutionalized investors enter the market;
owners of Arizona marijuana businesses that will need
substantial capital to remain competitive, or wish to cash out now;
owners and investors that are interested in multi-state
opportunities and believe that a successful track record in one state will
provide at least some competitive advantages in licensing and national
ancillary businesses that do or will serve the legal
marijuana industry; and
banks and other financial institutions seeking to generate
large deposits and non-price-sensitive fee-based income from an emerging
Marijuana Industry Experience
Sacks Tierney marijuana business clients include high net worth,
joint venture and corporate investors; dispensary applicants, owners and
operators; interveners in receiverships; industry vendors; and litigants. Our
prepared dispensary applications and governmental
structured private placements and acquisition transactions;
advised investors and operators on employment, operational,
legal and compliance, and real estate challenges unique to this industry; and
drafted various business contracts with special attention to
marijuana cultivation, processing and distribution arrangements.
The Needs of Marijuana Businesses
Whether marijuana becomes fully legal in Arizona or remains
limited to medical use, our attorneys experience and ability to anticipate the
emerging needs of Arizonas legal marijuana industry encompasses a broad
spectrum of investment, financial, regulatory and business ownership issues.
License and certificate applications
D&O, member/shareholder issues
Multi-Entity Management and Service Agreements