Cannabis Law 2021: Addressing Legal Issues and Uncertainties

This program will cover the fundamental issues that an attorney encounters in representing licensed operators (be they vertically integrated or segmented (grower, processor, wholesaler, retailer); single or multi-state, investors, and ancillary participants (labs, transport, professional services, real estate, etc.) in the fast-growing and ever-changing cannabis industry.  The course will explore some of the possible answers to frequently raised questions, recognizing that ever-present flux in local, state, federal, and international regulatory schemes, as well as the rapid changes in how the industry operates. It will cover fundamental regulatory concepts, corporate and tax concerns, employment, banking/finance, risk management, and intellectual property considerations and challenges, and related topics.

Learning Objectives:

1. Assess the inter-relationship, and material risks implicated by the Federal Controlled Substances Act, the periodic Federal Budget Act Amendments, DOJ Prosecution Policies, and the Internal Revenue Code, along with various state regulatory schemes

2. Discuss the particular forms of business entities and relationships and their impact on present tax and intellectual property laws

3. Review challenges relating to employment laws, and present potential challenges in terms of banking, financing, and bankruptcy

4. Stay attuned to developments in this industry and the relevant legal environment