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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CLIENT SPOTLIGHT: Luca + Danni

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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        Opportunities and Risks – How Will the New Massachusetts Recreational Marijuana Law Affect You and Your Business?

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

        On November 8, Massachusetts voters cast their ballots in favor of Question 4, beginning the process by which businesses and individuals may legally grow, sell and possess marijuana for recreational purposes in Massachusetts. The Regulation and Taxation of Marijuana Act, which will become effective December 15, 2016, provides for a newly formed Cannabis Control Commission that will establish regulations and begin accepting license applications for testing facilities, cultivators, product manufacturers and marijuana retailers no later than October 1, 2017. These facilities must be allowed to commence their business operations no later than January 1, 2018.

        The legalization of recreational marijuana under Massachusetts law will create unique opportunities and risks for newly formed and existing businesses as rules and regulations are established by the Commission and in light of marijuana still being an illegal controlled substance under federal law. There will be a myriad of challenges for those looking to invest in and operate companies that will grow, process and sell marijuana, as well as for existing businesses that must now consider how the new law and regulations will affect them.

        For instance:
        • Commercial Landlords: You will need to understand the unique issues that arise in connection with leasing to a marijuana cultivation facility or retailer. What key provisions should you consider including in your leases? What are the risks of having your property seized?
        • Banks and Credit Unions: How should you respond if a marijuana related business seeks to establish a deposit or merchant account with you?
        • Lenders and Investors: How can you safely lend to or invest in a marijuana business, and what requirements might be imposed by the Commonwealth on taking equity stakes or collateral in those businesses? How can you realize on your collateral?
        • Employers: What can you do if an employee reports to work impaired or with marijuana on their person?
        • Insurers and Insurance Agencies: How should you react when a customer seeks to insure inventory consisting of marijuana plants and products or a landlord seeks to insure against casualty and other risks?
        Businesses and individuals must consider how the new law will affect them long before the Commission approves the opening of new recreational marijuana facilities. Our Marijuana Advisory Practice is prepared to respond promptly to your questions, discuss issues with you and meet your needs in this area. In the upcoming months, we will release a series of updates on marijuana law and policy, discussing some of the risks and opportunities in this new industry and making some recommendations regarding best practices. The challenges can be great, but so can the opportunities.

        Click here for the full text of The Regulation and Taxation of Marijuana Act.