The Risks of Clouded Property Title for Cannabis Business Owners, Investors, and Creditors
Texas A&M University Journal of Property Law, Vol. 3, No. 1, Pp. 67-89, 2016
University of Washington School of Law Research Paper No. 2016-21
24 Pages Posted: 4 Nov 2016
Date Written: July 2016
Abstract
This Article provides a brief primer on the surprising range of assets that the CSA forfeiture provisions govern for the state-legal cannabis businesses. It outlines these provisions for tangible as well as intangible property, with an emphasis on risks to state-legal cannabis businesses’ intellectual property and issued securities. We argue that these forfeiture risks create clouded title for all subject tangible and intangible property — not only for the state-legal businesses and their proprietors, but also for those businesses’ outside investors, creditors, and suppliers/contractors.
Keywords: Controlled Substances Act, Asset Forfeiture, Drug Forfeiture, Criminal Forfeiture, Civil Forfeiture, Real Property, Personal Property, Intellectual Property, Trademarks, Trade Secrets
Suggested Citation: Suggested Citation