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“Husch Blackwell has been our corporate council at Medicine Man for many years. Steve Levine is a now a good friend and trusted adviser to the the leaders within our organization. Their firm has a wide range of legal expertise within their ranks and has been phenomenal in helping with our many and varied needs. Their cannabis industry knowledge is unparalleled by other law firms. We highly recommend Husch Blackwell to anyone in the cannabis industry.”

Andy Williams, CEO, Medicine Man

Overview

A corporate transactional attorney by trade, Steve transferred his skills from mergers and acquisitions to the hospitality industry – and eventually to cannabis.

Since 2010, Steve’s major focus has been on the burgeoning cannabis industry, where he guides clients through the tangle of shifting regulations governing the sale and use of cannabis in both the marijuana and industrial hemp sectors. He leads the firm’s cannabis practice in both Colorado and California.

Steve honed his skills representing midcap public oil and gas companies and acting as a general corporate transactional attorney for numerous industries, guiding clients through regulatory issues, intellectual property questions, tax and employment law. He understands that a cannabis business’s success hinges not only on high-quality products and service, but also on smart business and legal decisions regarding corporate structure, lease or real property purchase negotiations, permits and licenses, and employment procedures.

Cannabis clients also rely on Steve for help as their businesses scale quickly. He helps negotiate remediation plans and stipulated settlement agreements with state and local agencies, and he represents landlords and tenants in warehouse leases and development of commercial greenhouses used by cannabis tenants.

“Husch Blackwell has been our corporate council at Medicine Man for many years. Steve Levine is a now a good friend and trusted adviser to the the leaders within our organization. Their firm has a wide range of legal expertise within their ranks and has been phenomenal in helping with our many and varied needs. Their cannabis industry knowledge is unparalleled by other law firms. We highly recommend Husch Blackwell to anyone in the cannabis industry.”

Andy Williams, CEO, Medicine Man


Industry

Services

Recognition

  • 5280 The Denver Magazine, Top Lawyers, Marijuana Law, 2016-2018, Top Cannabis Lawyer, 2017
  • National Law Journal Trailblazers: Cannabis Law, 2018
  • The Best Lawyers in America, Corporate Law, 2016-2019

Education

  • J.D., University of Denver, Sturm College of Law
  • B.A., University of Oregon

Admissions

  • Colorado
  • New York
  • California

Professional Associations and Memberships

  • National Cannabis Industry Association, former Policy Council member
  • Colorado Restaurant Association, Mile High Chapter, Board Member, 2012-2015
  • Colorado Bar Association
  • Denver Bar Association
Experience

Cannabis

  • Negotiated successful purchase of various recreational and medical establishment licenses and businesses in Colorado since 2010.
  • Represented clients in development of commercial greenhouses used by cannabis tenants in Colorado and California
  • Negotiated warehouse leases for numerous landlords and tenants in Colorado and California since 2010.
  • Developed and licensed proprietary technology and trademarks for technology and intellectual property holding companies in the marijuana and industrial hemp industries operating in the United States.
  • Represented Canadian public companies with cannabis operations in the United States.
  • Represented clients expanding cannabis operations into Canada.
  • Handled corporate formation, financings and commercial contracts for emerging growth cannabis technology and business solution companies.
  • Worldwide market leader and expert in providing data-driven solutions for recall services for durable goods - Assisted large recreational center in obtaining one of the first retail licenses in Aurora, Colorado, in 2014.
  • Obtained medical infused-products license for an infused-products manufacturer in Colorado in 2015.
  • Advised medical and adult-use stores, marijuana-infused-products manufacturers and marijuana testing facilities on licensing issues at local and state levels in Colorado and California.
  • Represented cannabis operators in Colorado in administrative show cause orders, negotiation of remediation plans and stipulated settlement agreements with state and local agencies.
  • Advised one of the largest cannabis testing facilities on its reverse merger into a publicly reporting company in 2014.
  • Represented one of the largest cannabis security companies in its reverse merger into a publicly reporting company in 2015.

Mergers & Acquisitions

  • Represented natural resource company in reverse merger into a public shell valued at $200 million.
  • Represented client in sale of business unit for $18 million, including drafting and negotiating asset purchase agreement and all ancillary documents.
  • Advised worldwide money transfer company on purchase of competitor in California for $4 million, including drafting and negotiating the asset purchase agreement and all ancillary documents.
  • Represented NASDAQ oil and gas company in an acquisition of public oil and gas company, including drafting the merger agreement, Form S-4 registration statement and related ancillary documents.
  • Counseled private company on reverse merger into public shell listed on Over-the-Counter Bulletin Board (OTCBB).
  • Represented private company in the $17 million purchase of membership interests in a Texas LLC.
  • Drafted and negotiated repurchase agreement of convertible debentures for publicly traded company.
  • Prepared private placement memorandum (PPM) for a $3.5 million equity offering for fast food company.
  • Prepared PPM for Colorado gourmet grocery store to providing funding for a second store.
  • Represented two NASDAQ oil and gas companies in $30 million public offerings of common shares.
  • Represented publicly traded company in private issuance of $3.5 million in common stock and prepared subsequent Form S-1 resale registration statement.
  • Prepared and responsible for filing Form S-3 universal shelf registration statements for two different NASDAQ-listed entities.
  • Prepared PPM for $2.5 million equity offering in the United States of a public company.

General Corporate

  • Advised NASDAQ information technology service provider on renegotiation of information technology outsourcing (ITO) agreements aggregating $150 million, including drafting and negotiating master service agreements, license agreements, statements of work and other related agreements.
  • Represented publicly traded oil and gas company in negotiation of an amendment agreement to a $20 million promissory note.
  • Represented publicly traded software development company in strict foreclosure of $5 million promissory note.
  • Drafted and filed with the Securities Exchange Commission (SEC) a shareholder rights plan for two publicly traded companies.

Securities Exchange Act

  • Represented public companies in cannabis, oil and gas, banking and business services industries in their respective Exchange Act reports (e.g., Form 10-K, Form 10-Q, Form 8-K, definitive and preliminary proxy statements, Form 13d, Form 13g and Forms 3, 4 and 5).
  • Assisted special committee of the board in connection with potential conflict of interest arising out of proposed public/public merger.
  • Reviewed and revised several audit, compensation and governance committee charters for compliance with Sarbanes-Oxley Act of 2002 and New York Stock Exchange (NYSE) and NASDAQ rules, as applicable.
  • Prepared and was responsible for filing Form S-8 for several oil and gas companies, which also included a reoffer prospectus involving control and restricted securities.
  • Researched and prepared client memoranda regarding fiduciary duties, compliance under the Sarbanes Oxley Act of 2002, and corporate governance of a troubled company.
Thought Leadership
Client Results
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Blog Posts
The Sessions Memo
January 04, 2018
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White Papers
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Outside the Office

Living close to the Rockies, Steve enjoys skiing and hiking. He also enjoys traveling internationally, but the majority of his free time belongs to his young son.

Community Leadership
  • National Jewish Health, Development Board Member, 2016-present
  • Legal Aid Foundation of Colorado, Board Member 2015-present
  • Heroes Like Us, Board Member, 2013-2014
Cannabis

Steve heads the firm’s cannabis practice, focused in Colorado and California.

Because many clients in this emerging industry are startups or are scaling rapidly, Steve and his team effectively act as outside general counsel, advising on regulatory issues, intellectual property, tax, employment and other general corporate issues. Clients include medical and retail centers, medical and retail cultivations, manufacturers of infused products, testing facilities, marijuana technology companies, industrial hemp farms and processors, landlords, private equity funds, credit unions and security companies.

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