How an Alternative Medicine Business Hired a Lawyer to Draft a SAFE Note in California (March 2022)

In 2022, a business in California sought assistance with drafting a SAFE note as part of their preparations to launch a startup. The client was focused on establishing the first cannabis and herb dispensary in their country and required this document to facilitate future equity financing. As this was their initial venture and they were not part of an accelerator program, they needed expert guidance to ensure compliance with regulatory standards and to meet their investment goals. As a result, the client received five proposals from licensed lawyers, with flat fee bids ranging from $495 to $1,500, all submitted to complete the work within the requested deadline of over a week.