Why Better Made is suing several Michigan marijuana companies

Justice Department Expects ‘Influx’ Of Marijuana Pardon Certificate Applications, Setting Targets To Quickly Process Requests

California Bill To Legalize Psychedelic Services Get Amendments Ahead Of Expected Committee Vote Next Month

High at 9
- Aug 9, 2023
- 1 min read

Arbitration Ordered In Pot Contract Despite Illegal Provision

OG Article: here

View our Fair Use Policy: here

The estate of a Los Angeles cannabis entrepreneur must arbitrate litigation over contracts created as part of a partnership with the entrepreneur to help set up a cannabis business, a state judge has ruled, because one contract has a valid arbitration clause despite an illegal provision.

A management agreement executed in 2021 required Thrive Social Equity Manager VIII LLC to start paying Herbovena LLC, mostly owned by entrepreneur Brandon Shubunka, at least $35,000 per year.

But the agreement breaks a city of Los Angeles rule that Shubunka, as a socially disadvantaged cannabis businessman, must have unconditional ownership of at least 51% of his business, Los Angeles County Superior Court Judge Elaine Lu decided on Monday.