Nevada Cannabis Laws definition
Examples of Nevada Cannabis Laws in a sentence
The Parties acknowledge and understand that the Nevada Cannabis Laws and/or the requirements of the Regulatory Authorities are subject to change and are evolving as the marketplace for state-compliant cannabis businesses continues to evolve.
If required under Section 2.1(c), upon delivery to the Buyer Designee of certificates for the Equity Interests after the Closing, if certificated, Buyer will acquire good, valid and marketable title to the Equity Interests, free and clear of all Encumbrances (other than Encumbrances arising under applicable federal and state securities Law, the Nevada Cannabis Laws or the Pre-Closing Restructuring Documents).
Each Subsidiary is in compliance in all material respects with all applicable state and local laws and regulatory systems, including California Cannabis Laws, the Nevada Cannabis Laws and the 2018 Farm ▇▇▇▇, controlling the cultivation, harvesting, production, handling, storage, distribution, sale, and possession of cannabis.
Subject to the Nevada Cannabis Laws and the Pre- Closing Restructuring Documents at Closing, each Member has the full and unrestricted power to sell, assign, transfer and deliver the Company Membership Interests that such Member owns pursuant to the terms of this Agreement, if required under Section 2.1(c).
The Company holds of record and owns beneficially fifty percent (50%) of all of the outstanding equity interests of Acquired JV free and clear of any Encumbrances (other than Encumbrances arising under the governing documents of Acquired JV, applicable federal and state securities Law, Nevada Cannabis Laws or, at Closing, the Pre-Closing Restructuring Documents).
Subject to the Nevada Cannabis Laws and the Pre-Closing Restructuring Documents at Closing, Seller has the full and unrestricted power to sell, assign, transfer and deliver the Equity Interests pursuant to the terms of this Agreement, if required under Section 2.1(c).
Subject to the Nevada Cannabis Laws and the Pre-Closing Restructuring Documents at Closing, such Seller has the full and unrestricted power to sell, assign, transfer and deliver the Company Interests that such Seller owns pursuant to the terms of this Agreement, if required under Section 2.1(c).
This Agreement is subject to strict requirements for ongoing regulatory compliance by the Parties, including, without limitation, requirements that the Parties take no action in violation of the Nevada Cannabis Laws or the requirements, guidance or instruction of the CCB.
This Agreement is subject to strict requirements for ongoing regulatory compliance by the Parties, including, without limitation, requirements that the Parties take no action in violation of either the marijuana establishment Laws of any jurisdiction or jurisdictions to which Seller or any of its subsidiaries are, or may at any time become, subject, including, without limitation, the Nevada Cannabis Laws.
With respect to the First Closing only, Buyer shall have received assurances reasonably satisfactory to Buyer that the MRB Licenses are, subject to approval from the Regulatory Authorities, transferable to Buyer under the Nevada Cannabis Laws.