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On Demand Audio

RICO Lawsuits and Banking Issues in the Cannabis Industry

(195 reviews)

Produced on December 01, 2017

Taught by
$ 59 Banking, Contract, and Food, Beverage, & Agriculture In Stock

Course Information

Time 60 minutes
Difficulty Intermediate

Course Description

In this program, Meyer Suozzi partner Hanan Kolko will address two specific legal issues facing cannabis industry clients: RICO lawsuits against industry participants, and the problems that arise out of providing banking services to those in the industry. 

As background, the course will briefly cover the conflict between state cannabis laws and the federal Controlled Substances Act, including the current status of federal enforcement policy and the Cole Memo. The program will then provide a quick overview of RICO enforcement, and discuss two cases dealing with the cannabis industry: the decision  of the 10th Circuit Court Of Appeals in Safe Streets Alliance v Hickenlooper (including the current status of the case) and McCart v Beddow, an Oregon RICO lawsuit. Specifically, the course will assist attorneys in understanding how to minimize the RICO risk for their clients.

The course will also cover banking issues such as the FINCEN cannabis banking data as of March 31, 2017, the February 14, 2014 FINCEN and DOJ guidance memos, and the decision of the 10th Circuit Court Of Appeals in Fourth Corner Credit Union v Federal Reserve Bank of Kansas City. The program will also focus briefly on possible federal legislative solutions such as HR 2215. 

Learning Objectives:

  1. Understand the conflict between state and federal law and the current status of federal enforcement

  2. Review the current RICO landscape for cannabis clients

  3. Survey issues in providing banking services to the cannabis industry, including advising financial services or cannabis industry clients


Hanan Kolko

Cohen Weiss & Simon LLP

Hanan B. Kolko joined the firm in March 2019.

Mr. Kolko practices in the area of labor and employment law.  He represents labor unions in federal and state court litigation, arbitration proceedings, administrative proceedings before various regulatory agencies, and in collective bargaining.  Mr. Kolko also advises unions and their leaders on internal union governance, the investigation and handling of sexual harassment claims, and internal union elections.  He has represented unions in a wide variety of industries including publishing, media, education, health care, law enforcement, transportation, and manufacturing.

Prior to joining Cohen, Weiss and Simon LLP, Mr. Kolko was a partner at two major union-side firms in New York City, and began his career as a lawyer as an associate at union-side firms in Cleveland, Ohio and Detroit, Michigan.  While in law school, Mr. Kolko was a law clerk for the United Auto Workers.  His first experience working with unions was while he was in college, where he was an intern for the Rochester, New York PATCO local.  He is a graduate of the Cornell University School of Industrial and Labor Relations and a cum laude graduate of the University of Michigan Law School, where he received the Book Award for the highest grade in his labor law class.

Mr. Kolko is a former co-chair of the American Bar Association’s Section on Labor and Employment Law Committee on Technology in the Workplace, and is an Advisory Board Member of Cornell University’s School of Industrial and Labor Relations.  He has given continuing legal education presentations on a wide variety of labor law topics to groups including the AFL-CIO Lawyers Coordinating Committee, the American Bar Association’s Section on Labor and Employment Law Committee on Technology in the Workplace, and the Practicing Law Institute.  He has been named a Super Lawyer for Employment and Labor Law on the New York Metro Annual Lists of Super Lawyers from 2015-2018.

Mr. Kolko also represents clients in the cannabis industry.  He advises these clients in areas including licensing applications, regulatory compliance, internal investigations, and in litigations. He has lectured extensively on cannabis law issues, giving presentations on issues including legal ethics and the representation of cannabis clients, bankruptcy and the cannabis industry, the current state of legal affairs in the cannabis industry, RICO claims against cannabis industry participants, and the New York State Compassionate Care Act.


Patrick O.

Lawline’s coverage of marijuana related legal developments is very impressive.

Robert K.

He is one of the best presenters for these lawline courses

David P.

a real "10"

Kipp L.

Good presentation.

Kelly S.

Much more interesting than I had anticipated.

John W.

Good presentation

Elijah M.

Very well done. Easy to follow.

Stanley S.

very iinformative, well presented

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