Franklin C. McRoberts: A Bumper Crop: Cannabis Meets Business Divorce

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Summary

Though a bevy of issues were raised in CIP’s appeal and defendants’ cross-appeal, we’ll focus only on the oral partnership claim. New York’s nascent legal marijuana industry may be a bumper crop for business divorce litigators. So if you’re concerned about out-of-the-woodwork claims of an oral partnership, document your business relationship from the get-go, or as soon as possible thereafter. Eastmore and Thayer Street cross-appealed denial of dismissal. The Letter of Intent Eastmore and Thayer Street moved to dismiss the amended complaint.

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Unless you’ve been living under a rock, you’ve probably heard that a little over two months ago, New York State Governor Andrew M. Cuomo signed legislation reform advocates and stoners alike have dreamt of for decades, finally legalizing the recreational possession and use of marijuana in New York. Though recreational sale of marijuana will not be legal until at least 2022, the legislation’s passage sets the stage for rapid development of a brand new, multi-billion-dollar, legal cannabis industry in the state.

With big business comes...

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