Expert Legal Support for Psychedelic Businesses
Navigate the emerging psychedelics market with Rudick Law Group, a trusted legal partner for licensure, regulatory compliance, company structuring, and risk management matters.
Expert Legal Support for Psychedelic Businesses
Navigate the emerging psychedelics market with Rudick Law Group, a trusted legal partner for licensure, regulatory compliance, company structuring, and risk management matters.
Why You Need a Psilocybin Business Lawyer
Emerging legal landscapes are difficult to navigate, but navigating them is a must in the incredibly new regulated psilocybin industry. Very few cities or states have created legal psilocybin markets, and regulations vary widely across these states. Rudick Law Group's legal expertise and strategic guidance address the unique liability and finance challenges that arise in this regulatory environment.
.webp)
Our Psilocybin Business Legal Services
Business Formation and Operations
We advise on deal structuring and business transactions, empowering you to successfully launch and expand your business. We drive further growth through our curated introductions to connections with prominent figures in the cannabis market.
Through our strategic advisory services, we review your internal processes and guide your team as you implement improvements. We analyze your workflows to power efficient operations that increase your likelihood of success in competitive cannabis markets.
Financial and Intellectual Property Support
We review your accounts to identify and resolve discrepancies. We provide financial insights that lead to smarter, more effective spending.
Our intellectual property services focus on trademark protection, including your cannabis business’s logos, slogans, and name. We work within the USPTO’s limits while exploring state-level trademark protection options to provide the most protection possible for your intellectual property.
Real Estate Transactions
Finding real estate is one the most difficult, yet important, aspects of securing your license. From finding a suitable site to conducting due diligence to working out lease agreements and appropriate insurance, our cannabis real estate experts ensure favorable terms for our clients.
Corporate Law
Just like any other business, cannabis companies need core legal documents in place. Correct formation documents, strong contracts, NDAs, and appropriate ancillary agreements are a must at every point of contact, including supply chain transactions, employer agreements, and service provider contracts.
Mergers and Acquisitions
Plan for the exit you envision from the first days of your business. As a trusted partner, Rudick Law Group guides you through M&A, conducting due diligence, leading negotiations, and finding the best pathway to sell your license or merge with another company.
The RLG Difference
Why Rudick Law Group?
Frequently Asked Questions About Psilocybin Business Law
How Do I Get a Psilocybin Business License?
To get a psilocybin service facilitator license in Oregon, your business must meet the state’s education or training requirements and pass a mandated examination, among other requirements. There are separate rules and requirements when seeking licensure for manufacturing, testing, service center, and facilitation businesses. In Colorado, there are environmental, social, and governance criteria alongside requirements in areas such as how you establish your business and obtain patient consent. In New Mexico, the Medical Psilocybin Advisory Board is responsible, along with the Department of Health, for issuing licensing rules.
In these markets, extensive supporting documentation is required, and mountains of detailed paperwork should be expected. Understanding how to get a psilocybin business license will likely be just as complex in other states that introduce legal markets. With Rudick Law Group as your psilocybin licensing attorney, you maximize your chances of successful licensure.
What Are the Legal Risks of Starting a Psilocybin Business?
The legal risks of starting a psilocybin business include determining how friendly your state is to the psychedelics market. Psilocybin remains a Schedule I controlled substance under the Controlled Substances Act. Psilocybin’s federally illegal status is compounded by section 280E of the Internal Revenue Code, which may bar your business from taking many common tax deductions. It may also be difficult to access resources that are available to other business types. For example, some entities may struggle to obtain financial services or insurance.
Rudick Law Group boasts extensive experience advising businesses in emerging markets that are federally illegal but legal at the state level. We serve as your collaborator for all things compliance and help improve your operations to avoid regulatory penalties.
How Can Rudick Law Group Help with Psilocybin Compliance and Licensing?
Rudick Law Group offers tailored, ongoing compliance guidance to psilocybin businesses. We conduct mock audits to simulate the experience of a real-life regulatory audit and proactively identify and fix any risks. Our compliance reviews establish processes that eliminate your liability, and our ongoing support ensures that the solutions we provide remain in place.
We support the licensing process at every step of the way, from crafting applications to gathering supporting documentation. In markets where regulatory frameworks exist, we understand what a successful licensure application entails, and our expert technical writing makes your business exceptionally likely to receive a license.
Schedule Your Consultation to Hire a Psilocybin Attorney
Industry leaders choose Rudick Law Group. Join these visionaries’ ranks.
.webp)