Keenan M. Jones and Karina Pantoja Provide 4 Reasons Cannabis Businesses Need a Succession Plan Now

In a recent article in Frantz Ward’s “Full-spectrum Wisdom” column with Cannabis Business Times, Partner Keenan Jones and Associate Karina Pantoja explain why succession planning is critical for cannabis businesses and offer practical steps to protect a company’s future from potential changes.

The article, “4 Reasons Why Cannabis Businesses Need a Succession Plan Now,” highlights key considerations for business owners, including:

• How leaving decisions up to state law can put your business at risk
• The benefits of appointing a trusted fiduciary to manage transitions
• Why owners should prepare for regulatory hurdles when naming a successor
• How to tailor a succession plan to an owner’s needs with buy-sell agreements

To learn how early planning can protect your business and ensure a smooth transition, read the full article here.

Keenan represents businesses of all sizes in litigation matters, corporate formation, business development, and protection of intellectual property rights. Since 2017, he has focused his practice on assisting companies operating in the regulated cannabis space, including hemp, marijuana, and ancillary endeavors.

Karina’s practice focuses on tax and estate planning, with additional experience assisting in general business matters. Karina is a native Spanish speaker and has used her language skills to translate legal documents, present for Spanish-speaking audiences, and interpret for Spanish-speaking clients.

Cannabis Business Times is a publication that focuses on the business of legal cannabis for medical and adult use. They aim to provide timely information to help the reader make informed decisions about running their cannabis businesses and advancing their careers in the cannabis market.