Real Property Law
Cal. Real. Prop. Journal 2020, VOL. 38, NO. 4
Content
- 2020-2021 Executive Committee of the Real Property Law Section
- 2020 California Real Property Journal
- A Note from the Cannabis Law Symposium Co-Chair
- Cannabis, Politics, and Land Use
- Covid-19's Impact on Leasing and Other Real Estate Transactions
- Covid-19's Impact on the Cannabis Industry
- MCLE Self-Study Article: Attorney Ethics and Cannabis: Conflicts of Laws, Conflicts of Interest, and Attorney-Client Privilege for Cannabis Practitioners
- Message from the Editor-in-Chief
- Protection for Cannabis Properties: Bankruptcy, Receivership, and Other Alternatives to Bankruptcy
- Special Message from the Incoming Section Chair
- Table of Contents
- Legal Consequences for Using or Acting as an Unregistered Broker-Dealer in the Cannabis Industry
Legal Consequences for Using or Acting as an Unregistered Broker-Dealer in the Cannabis Industry
Meital Manzuri
Meital Manzuri is the Managing Partner for Manzuri Law in Los Angeles. With over twelve years’ experience in the field and, as one of the first cannabis business attorneys in California, she has earned a prominent reputation for advising commercial cannabis businesses on myriad issues, including licensing and regulatory compliance, corporate and transactional law, joint ventures, M&A, best business practices, risk mitigation, and criminal defense*
I. INTRODUCTION
As the cannabis industry continues to grow, the players have begun to change a bit and cannabis business owners face the daunting task of navigating the private and public markets along with many hefty regulations. Whether it is finding private investors to raise capital via a private placement or looking for merger and acquisition ("M&A") activity, cannabis operators and their legal counsel should be aware of individuals or firms that claim they have connections to private investors or an ability to make introductions to interested buyers or potential acquisitions. Those parties are likely acting as broker-dealers and, if unregistered, can pose significant legal headaches for a business and its legal counsel down the road.