Illinois Cannabis Earn-Out Litigation: How to Win the Approvals, Accounting, and Control Fights
When a price functions like an earn‑out, approvals and accounting drive the outcome.Illinois cannabis earn-out litigation arises because earn-outs are supposed to bridge valuation gaps. In Illinois cannabis, they can also become the most expensive line item in litigation. Whether your deal was an equity sale, asset purchase, royalty, or management services structure, the pattern […]
Illinois LLC Books & Records Demands for Cannabis Operators
Illinois law gives cannabis LLC members (and some former members) the right to get material information about the company’s activities and financial condition, plus the records to be kept by statute. Cite 805 ILCS 180/10-15 and 805 ILCS 180/1-40. The company must respond to an Illinois LLC Books & Records Demands within 10 days by […]
Illinois LLC Derivative Actions for Cannabis Businesses: Self-Dealing Leases, Insider Loans & Diverted Opportunities
TL;DR – An Illinois LLC derivative action allow minority members to enforce the cannabis company’s rights when those in control refuse to act. A written demand on the managers is usually required before suing, and the complaint must detail the demand or why it would be futile. Proper plaintiffs must have been members at the […]
Chicago Cannabis Business Lawyer
Chicago Cannabis Business Lawyer: Top Legal Services Why Hire a Chicago Cannabis Business Lawyer? If you’re planning to open a cannabis business in Chicago or need legal advice on marijuana regulations, hiring a Chicago cannabis business lawyer is essential. A lawyer who specializes in cannabis law can provide the legal guidance needed to ensure your […]
Thomas Howard
Illinois Cannabis Lawyer Thomas E. Howard, JD Thomas E. Howard is an Illinois cannabis lawyer based in Peoria and Chicago, serving operators statewide on licensing, M&A, compliance, and disputes. A Managing Attorney at Howard Law Group and Managing Director at Collateral Base, Thomas brings 15+ years in commercial law and regulated-industry work to cannabis businesses […]