WHAT MAKES A CONTRACT?
BY THE NUMBERS BREAKING NEWS!
34% OF DEMOCRATS THINK SWITCHING OVER TO MARIJUANA WOULD BE GOOD, COMPARED WITH 18 PERCENT FOR REPUBLICANS AND 27 PERCENT AMONG INDEPENDENTS.
More and more Americans are starting to think that marijuana is a better alternative than alcohol. A recent poll found out how people feel about this, with the majority opinion being good instead of bad!
Trust Me!
I'm a Lawyer BY JADE PEBWORTH
Licensing Report Growers Processors Dispensaries Transport Laboratory Waste Disposal
As of April 10th, there are 8,062 growers within our state We have 1,529 licensed processors in the state We currently have 2,295 ispensary licenses with this great state We now have 115 Transportation Licenses We have 31 licensed labs We have 9 licensed waste disposal faclities
Active Licenses: 382,599 Patients & 1,777 Caregivers
SQ788 TAX
STATE & LOCAL
SALES TAX
2019 (JAN. TO DEC.)
2019 (JAN. TO DEC.)
..................... $24,156,269
..................... $30,594,902
2020 (JAN. TO DEC.)
2020 (JAN. TO DEC.)
.................... $56,245,888
..................... $71,593,772
2021 (JAN. TO DEC.) ..................... $66,173,758
2021 (JAN. TO NOV.) ..................... $83,265,745
2022 ( JAN. TO MAR.) ..................... $14,599,807
..................... $19,302,741
Source:https://www.thechronicmagazine.com/
November - $6,252,699
Twenty- seven percent of the people surveyed agreed that it would be ideal if more cannabis was used in place of alcohol, while only 20 percent said this was a bad idea. The majority of respondents (38%) said that they thought it would be neither good nor bad, while 15% weren't sure. The debate about which alcohol versus Marijuana has been heating up. Some say that drinking can lead to long-term issues, while others point out how dangerous it can be while also eluding to alcohol poising.
In contrast, there aren't any recorded instances where someone overdosed after consuming marijuana alone—and this includes federal government admission on their website stating no one has ever died due to an overdose caused solely by consumption. The compounds found inside cannabis plants do show promise as treatments against various different health ailments. The (YouGov America) poll found that 34% of Democrats think switching over to marijuana would be good, compared with 18 percent for Republicans and 27 percent among Independents. There seems to be a clear difference in opinion between generations when it comes to whether cannabis substitutions would benefit them. 17
MAY 2022
thechronicmagazine.com
Contract statutes can be found in Oklahoma Statute Title 15. The definition of “contract” is provided by Section 1 and states: “A contract is an agreement to do or not to do a certain thing.” You probably knew that much already! Section 2 provides: “It is essential to the existence of a contract that there should be: 1. Parties capable of contracting. 2. Their consent. 3. A lawful object; and, 4. Sufficient cause or consideration.” In general, this means that someone over the age of eighteen years old agrees to do something that is legal and pays (or is paid) or provides (or is provided) some sort of consideration for it. By far my favorite statement about consideration is that “a mere peppercorn shall suffice.” Anyway, you can contract for whatever you want, but if you do not meet the above requirements, chances are, a court will not enforce it. There are a few contracts I would like to highlight here for your business. First, when you form your business entity you need an operating agreement or bylaws, entity formation can have a huge impact on your future liability. An operating agreement or bylaws is a great way to lay out the rules of your business. This will help limit liability and will allow you and the individuals you go into business with to have a clear understanding of what they are getting themselves into. Second, I will always encourage a contract to be drafted and used in any and all business transactions and dealings. This industry is ever-changing and a written contract between the parties will help define what is expected of each party in the event of a breach, having a written contract gives the court something to interpret. This is a huge benefit. Third, non-compete agreements and non-disclosure agreements. Both of these are kind of difficult to deal with for the other party because they essentially limit what they can do with the information gained from working with or for you. They can be very helpful and beneficial for you and can provide a way to protect your secret sauce. Contracts are important for all parties involved. They are the best and most straightforward way to limit liability and protect yourself. In this rapidly changing space, contracts are a must.
For questions or more info email: Jade@BICLegal.com
- Jade
