CLIENT SPOTLIGHT: Grillo's Pickles

If you haven't been to the Grillo's Pickles website, you should. There, you'll find the fantastic story of how this company began. We've copied part of it here to save you a click.

Grillo's Pickles began with a pickle cart, just a small wooden stand in downtown Boston, where Travis Grillo and his friends would sell two spears for one dollar. Travis would make the pickles by night using his family's 100-year old recipe - one he'd memorized from making pickles every summer as a kid. In the morning, Travis would bike to the Boston Common and set up the cart with his buddies. They'd hang out all day, urging people to try the simple Grillo family pickle. It was a small business but Travis worked hard for it. He made more pickles, biked more miles, and slept less hours than he ever had before.
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CLIENT SPOTLIGHT: Factory Five Racing

Factory Five Racing was founded in 1995. Over the years they have grown from a start-up business in a small garage to become the world's largest manufacturer of "build-it-yourself" component car kits. They employ a full-time crew of about 40 people, and are located in Wareham, Massachusetts (about an hour south of Boston). They make their products right here in the USA, in the heart of New England where American manufacturing was born.
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Fred and Danny Magnanimi grew up watching their father create beautiful, handcrafted jewelry in the family's Cranston, RI jewelry manufacturing business. When the boys grew up, Fred moved to New York and began working on Wall Street as an investment banker, while younger brother Danny, still enamored by the family business, stayed home. Increased competition from overseas businesses created significant challenges for the business, but Danny was confident he could find a way for the family business to evolve and thrive. This was his mission, this was his passion.
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        Cannabis Advisory Practicecannabis blog

        Massachusetts Department of Public Health Issues Guidance to Convert Registered Marijuana Dispensaries to For-Profit Entities

        The Massachusetts Department of Public Health (DPH) recently issued guidance to allow licensed medical marijuana dispensaries to operate as Massachusetts business corporations.

        Until July 2017, Massachusetts law required medical marijuana dispensaries to operate as non-profit corporations. However, the bill passed into law in July that allows the recreational use of marijuana, also contains a provision that permits the dispensaries to operate as for-profit business corporations.

        The new Guidance document applies to entities that are licensed or that have pending license applications, as well as to new entities seeking licenses.  Entities that are already licensed or with existing applications must complete and file conversion documents with the Massachusetts Secretary of State and the DPH for approval.  The entity also must advise the DPH if any other documentation that the entity previously submitted to the DPH has been modified or will no longer be in effect because of the conversion.

        Entities filing new applications for a medical marijuana dispensary license may organize as either a non-profit corporation or Massachusetts business corporation.  If the applicant applies as a non-profit corporation, it must comply with existing regulations and guidance for non-profit applicants.  These regulations include restrictions on management fees, compensation for employees, rental and other real estate fees, revenue sharing and conflicts of interest.

        Dispensaries considering conversion also must consider various other issues not addressed by the Guidance, including tax, contract and employee benefit issues.

        If you are interested in being kept up-to-date on the issues impacting this industry, please email us with your contact information.