You are an experienced cannabis operator. You have dealt with nonsensical regulations. You’ve navigated the world of dealing with a highly regulated substance. You’ve solicited large investments and beat out your competitors. You’ve learned enough about corporate governance and tax to go toe to toe with the best.
Think you can easily pivot to the ketamine industry? Not so fast.
If you’ve been reading the Canna Law Blog for the last year or so, you’ll have no doubt seen a ton of our posts on the ketamine industry, all of which make crystal clear that the ketamine industry is literally nothing like cannabis. And yet, there are a lot of folks out there who think they can easily make the pivot.
Harris Bricken was likely the first law firm in the United States to develop a practice group specific to ketamine transactions. Since we got into the space, I can’t tell you how many times our ketamine lawyers have heard things like “well, it’s another controlled substance, how different could it be?” Or “we have experience dealing with cannabis, which is highly regulated, that should help us in the ketamine industry”.
In a lot of cases, this is just plain