To professionals having recently entered the industry space for legalized cannabis and hemp, the adjustment from the types of commercial issues encountered while working for a large mainstream corporation can be an abrupt, if not outright dramatic, switch.

As an old legal saying goes, a contract is a contract is a contract. Yet, not all contracts are created equal. That can be a particularly meaningful distinction among so-called handshake deals. Prosperous hemp farmers, dealers, and businesspeople have been known to enter into multimillion-dollar agreements to buy and sell hemp. Often, the understanding hinges on an [ostensible] stipulation that high-grade or high-quality hemp will yield CBD content to a certain percentage.

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