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The Nation's Premier Cannabusiness Law Firm

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International Expertise and Global Connections

CWCBE

Recognized Industry Leaders

Hoban & Feola is Colorado's original, experienced cannabis business law firm since 2008, providing expert advice to clients in the regulated, retail marijuana dispensary system and the industrial hemp industry. As a burgeoning movement has become a multi-million dollar industry, H&F has grown with it, home to a national footprint of attorneys licensed in over a dozen states across the country with the expertise to offer clients a one-stop-shop for their rapidly expanding business legal needs.

Our attorneys have significant experience working in a highly regulated environment on behalf of clients that include marijuana entrepreneurs, industrial hemp producers, ancillary businesses and even local, state and international governmental bodies seeking regulatory counsel as they legalize marijuana for medical or recreational purposes. With decades of combined experience, our attorneys strive to meet our clients' needs ranging from commercial litigation and FDA/FTC regulatory compliance to general corporate governance, branding and franchising and municipal law and regulatory compliance. They are joined by a team of professional staff with widely varied experience in legislative policy consulting, litigation support and nutraceutical expertise.

With the highest possible degree of professionalism that our clients have come to expect, our national team of attorneys connects serious business clients to each other with the shared goal of legitimizing the fastest-growing industry in the United States. Whatever your cannabusiness needs may be; H&F is ready to help you meet your goals and grow your business. 

H&F News

Canna Business 101: Funding Types and Sources

Unlike more mature industries, ­cannabis ventures are predominantly "startups" ­differently situated in evaluating whether to seek debt or equity financing. While debt, (i.e., loans secured by assets), is ­preferable, equity, or convertible debt, is more common.

Because it is 100 percent violative of federal law, it is almost impossible for "plant touching" marijuana businesses to obtain a loan from a federally charted bank or credit union. Specifically, because the Comprehensive Drug Abuse Prevention and Control Act, 21 U.S.C. Section 801, Et. Seq (1970), prohibits the "manufacture, distribution, and dispensation" of ­cannabis. And any transfer or deposit of monies yielded from cannabis sales may be deemed "money laundering" in violation of the Currency and Foreign Transactions Reporting Act, 31 U.S.C. Section ­5311-5330, most banks and credit unions refuse to provide ­marijuana growers, processors or dispensers with ­financial services.

Jean E. Smith-Gonnell Selected for MED Working Group

We're proud to announce that H&F Senior Attorney Jean E. Smith-Gonnell has been selected as a member of the CO Dept. of Revenue Marijuana Enforcement Division Legislation Implementation Work Group. The group will meet at the end of this month and make recommendations in advance of the September 2nd rulemaking hearing on the implementation of legislation from the 2016 session. Congrats, Jean!

USDA Discriminates Against Domestic Hemp Producers Seeking Organic Certification for CBD Products

See H&F Managing Partner Robert Hoban's guest post for New Cannabis Ventures online titled "CBD – It’s Organic Unless it’s Domestic."