Article XIV of the Missouri Constitution, and the rules promulgated thereunder, do not explicitly prohibit a publicly traded company from having an ownership interest in a licensed Medical Marijuana Cultivation Facility, Medical Marijuana Infused-Products Manufacturing Facility, or Medical Marijuana Dispensary Facility. However, when examining the rules closely, it becomes clear that a publicly traded company almost certainly cannot be an owner of a licensed facility and the facility comply with all the requirements set forth in the Missouri Constitution. For example, Section 7, paragraph 2 provides that no facility shall be owned, in whole or in part, or have as an officer, director, board member, manager, or employee, any individual with a disqualifying felony offense as defined by the amendment. As part of the license application, the Missouri Department of Health and Senior Services requires every applicant to submit an attestation that no owner, in whole or in part, has a … [Read more...] about Publicly Traded Companies in MO?
As of May 24, The Missouri Department of Health and Senior Services released a finalized draft of the questions that all applicants for cultivation, manufacturing, testing, and dispensary facilities will need to answer, as well as the scoring criteria. As expected, the application questions will give the applicant an opportunity to showcase the business plan, the principal officers and managers, and any other unique qualities that may give the applicant a unique advantage. There will also be ways the applicant can score points for its focus on community engagement. Here are a few of the highlights: The character of each Principal Officer or Manager will need to be discussed. Applicants will be awarded up to 10 points for strong answers to these questions. The topic relating to background and relevant experience of principal officers or managers will be weighted so as to be worth 12% of the application. The application places heavy importance on relevant business … [Read more...] about Missouri Department of Health & Senior Services Releases Application Questions
Springfield, MO - May 24, 2019 – Andy Peebles, who practices with the law firm of Carnahan, Evans, Cantwell & Brown, P.C. in Springfield has graduated from Class I of the Heart of America Fellows Institute of the American College of Trust and Estate Counsel. Peebles successfully completed three two-day sessions over six months; the in-depth educational presentations on trust and estate law were taught by ACTEC Fellows. Peebles earned his J.D. degree from the University of Missouri School of Law in Columbia, MO and earned a bachelor’s in History from the University of Missouri. He joined Carnahan, Evans, Cantwell & Brown, P.C. in 2015. The Heart of America Fellows Institute was created by ACTEC Fellows to develop the profession’s future leaders. For more information, visit www.hoafellowsinstitute.org. The American College of Trust and Estate Counsel is a national organization of lawyers elected to membership by demonstrating the highest level of integrity, … [Read more...] about Andrew T. Peebles graduates from the Heart of America Fellows Institute of the American College of Trust and Estate Counsel
On Thursday, March 28, the Springfield Planning & Zoning Commission held a meeting to discuss proposed zoning ordinances for medical marijuana facilities including cultivation, testing, manufacturing, and dispensary facilities that are to be located within the city limits of Springfield. Mary Lilly Smith, Director of Planning & Development, provided proposed rules for all facilities and answered questions from the Commission, followed by an open forum to the public. Ms. Smith first provided the proposed general standards that apply to any medical marijuana facility. She noted the proposed rules provide that all medical marijuana businesses shall be closed to the public between the hours of 10 PM and 6 AM, and that no persons not employed by the business shall be on the premises and no sales or distribution of medical marijuana shall occur upon the premises during that time. The Planning and Zoning Commission voted to change this to also allow contractors on the premises as many … [Read more...] about Springfield Proposed Zoning Ordinances
Springfield, Mo. — Carnahan, Evans, Cantwell & Brown, P.C. is pleased to announce that Jay Preston was named a Shareholder. Mr. Preston is a member of CECB’s Litigation/Dispute Resolution, Transactional, and Medical Marijuana & Hemp practices groups. As a graduate of the University of Missouri’s joint M.B.A./J.D. program, Mr. Preston utilizes his business and legal knowledge to represent clients both inside and outside of the courtroom. He represents clients in civil litigation in both federal and state court focusing on business and real estate matters. Mr. Preston also assists clients in avoiding litigation through proper drafting of contracts/agreements, and counseling on how to deal with precarious situations. Mr. Preston is a native of Springfield, Missouri, an eagle scout, and a graduate of Leadership Springfield and the Missouri Bar Leadership Academy. CECB is a locally owned law firm celebrating its 40th anniversary, having been formed in 1979. The firm currently has … [Read more...] about Attorney Jay Preston named Shareholder at Carnahan, Evans, Cantwell & Brown, P.C.