Common use of Regulatory Disclosures Clause in Contracts

Regulatory Disclosures. 8.1 The Parties acknowledge and agree that there is (a) an unpredictable regulatory environment in the area of cannabis law and that existing or new laws, interpretations of law, or enforcement policies may adversely impact the Parties’ business and (b) notwithstanding the favorable treatment under the laws of certain jurisdictions, Cannabis is a prohibited controlled substance under the laws of many jurisdictions.

Regulatory Disclosures. 8.1 The Parties acknowledge and agree that there is (a) an unpredictable regulatory environment in the area of cannabis law and that existing or new laws, interpretations of law, or enforcement policies may adversely impact the Parties’ business and (b) notwithstanding the favorable treatment under the laws of certain various U.S. states and other jurisdictions, Cannabis is a prohibited Schedule I controlled substance under the laws of many jurisdictionsUnited States federal law.