Prince Lobel Tye

Prince Lobel Tye LLP is a full-service law firm based in Boston. It says it has advised cannabis businesses for more than a decade, and its cannabis page lists Michael P. Ross and Max Riffin as co-chairs of the Cannabis Group. Clients include licensed dispensaries, cultivators, manufacturers and delivery companies, as well as secured and mezzanine lenders, investors, software developers, equipment providers and property owners. The firm reports advising clients in Massachusetts, New York, Missouri, Georgia, Florida, California, Colorado, Nevada, Illinois, New Jersey, Maine, Connecticut and Rhode Island.

Listed work covers M&A, joint ventures and ownership transfers; state licensing and local siting approvals such as host-community support letters and zoning; entity structuring; secured debt and mezzanine financing; private placements; receiverships, insolvency proceedings, workouts and restructurings; commercial leases and real estate deals; and tax strategy. The firm says its Boston office represented the first cannabis business to open in Boston and was the first law firm to file a change-of-control application with the Massachusetts Cannabis Control Commission.

Prince Lobel represents social equity and Economic Empowerment applicants before the Cannabis Control Commission and in Boston, Cambridge and nearby cities, and says it has offered free help to applicants for the state's equity programs. In New York it has assisted Conditional Adult Use Retail Dispensary applicants and other new market entrants. It also cites working relationships with banks, lenders, accounting firms, architects, engineers, insurers, developers, brokers and appraisers that serve the industry. The firm does not publish fees.