Banking & Financing in the Cannabis Industry

(395 Ratings)

Produced on: April 21, 2017

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 60 minutes
Difficulty Intermediate

This course, taught by David Feldman, a partner at Duane Morris in New York City, provides an overview of financing for cannabis-related businesses and the unique banking issues they face. He begins with a brief overview of cannabis regulation, the interplay between state and federal law, and industry perceptions about what changes may come about under the new administration and Attorney General Sessions.

The program then focuses on the unique issues in raising capital for these companies, including the differences between businesses that “touch the plant” and those that do not, and reviews the challenges faced by public companies in the space. Mr. Feldman also addresses banking regulatory issues, including the Bank Secrecy Act, guidance on the issue from The Financial Crimes Enforcement Network (FinCEN) of the US Treasury Department, and how banks are reacting to that guidance.

Learning Objectives: 

  1. Understand the current statutory and regulatory landscape
  2. Explore the challenges of financing and banking in a rapidly growing but complex industry
  3. Identify best practices in advising cannabis clients on finance and banking questions 

Faculty

David N. Feldman

Duane Morris LLP

David N. Feldman concentrates his practice on corporate and securities law and mergers and acquisitions, as well as general representation of public and private companies, entrepreneurs, investors, and private equity and venture capital firms. Mr. Feldman also advises emerging growth companies with regard to alternatives to traditional financing through initial public offerings. He is also considered an authority on public offerings through the recently implemented SEC Regulation A+. Mr. Feldman is also a member of the firm's Cuba Business Group.

Mr. Feldman has authored three books on finance and entrepreneurship, and contributed to three other books. His popular blog at http://www.davidfeldmanblog.com/, focusing on entrepreneurship and the regulatory environment, has been recognized by LexisNexis as a Top 25 corporate law blog, and his videos appear on his YouTube channel, The Entrepreneur’s Advocate. He also writes a column for SmartCEO magazine called “The Uncut Entrepreneur.”

Mr. Feldman is a graduate of the University of Pennsylvania Law School, and of the Wharton School of the University of Pennsylvania. He has served as chair of the board of Wharton’s global alumni association.  



Reviews

GT
George T.

Great speaker.

JH
Joshua H.

I can’t wait for the update

MW
Mark W.

One of the best CLE presentations I have watched. Clear and informative. Must be a fascinating practice group.

JK
Joseph K.

I liked this presenter

DS
Darryl S.

The course materials relate to an area of changing law, and is very interesting.

PM
Peter M.

This is the best CLE course I have ever taken in 43 years of legal practice in Florida. Thank you.

JK
Jessica K.

Excellent presentation; very informative. Thanks!

KK
Kasondra K.

Speaker was great.

RK
Robert K.

the presenter knows his stuff in this area!!

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