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 Recreational Marijuana Business Law in California Seminar

Presented by NBI, Inc.

Recreational Marijuana Business Law in California

Course Description

Know the Salient Points of Recent Marijuana Laws and Effectively Advise Your Clients

Recent legislation and initiatives are paving the way for many new business opportunities in the cannabis industry. It has also created many questions and uncertainties for professionals advising these new businesses. What are possible federal responses to legalized cannabis? What types of businesses does the law allow, and how does a potential business owner obtain a permit? When are you potentially violating federal law by merely assisting a client? Learn the answers to these questions and more - register today!

• Understand how the federal government can use forfeiture laws to close marijuana-related businesses.
• Evaluate the current banking landscape and determine whether a cannabusiness can obtain financing.
• Ensure marijuana business clients have business policies and procedures in place that help them avoid legal scrutiny.
• Confidently advise clients on all aspects of the marijuana business licensing process.
• Gain practical legal tips on cannabis product packaging, labeling and testing.
• Recognize the state and federal tax implications for cannabis-related businesses.
• Analyze the ethical implications of advising cannabis business clients.

Agenda

1. Federal Responses to California Marijuana Law
   9:00 - 9:40, Written by Jay Leiderman. Presented by Jay Leiderman in Ventura and Mahal R. Montoya in San Luis Obispo.
   1. Current Federal Enforcement Priorities
   2. Federal Memos and Contradictory Messages
   3. Possible Legal Consequences to Cannabis Consumers under Federal Law
      1. Gun Control Act of 1968
      2. Federal Housing Assistance
   4. State Agencies and Federal Funding
   5. Preemption and the Controlled Substance Act
2. Banking and Financing for the Marijuana Industry
   9:40 - 10:20, Written by Bryan Bergman. Presented by Bryan Bergman in Ventura and Scott Taylor in San Luis Obispo.
   1. Federal Rules and Regulations Affecting Financing
      1. Controlled Substance Act
      2. Bank Secrecy Act
      3. 18 USC §1956
   2. Interpreting the Latest FinCEN and Justice Department Guidance
   3. Lender Due Diligence with Cannabis Businesses
   4. Bank Forensic Audits of Businesses: Determining the Source of Funds
   5. Getting the Loan: Providing Transparency to Lenders
3. Recreational Marijuana Businesses Law in California
   10:35 - 11:20, Written by Bryan Bergman. Presented by Bryan Bergman in Ventura and Scott Taylor in San Luis Obispo.
   1. How the New Law and Medical Marijuana Laws Interact
   2. Powers of State Regulatory Agencies
   3. Business Types Allowed under the New Law
   4. Marketing Restrictions
   5. Zoning Requirements
   6. Employment Rules and Restrictions for Cannabis Businesses
   7. Negotiating Third-Party Agreements with Cultivators, Managers etc.
   8. Premises Security Regulation Compliance
   9. Preparing for State Regulatory Agency Inspections
4. Valuation Issues as Related to Dispensaries
   11:20 - 12:10, Written and Presented by Jay B. Abrams in Ventura and San Luis Obispo.
   1. Valuation in General
   2. Valuation Implications in the Choice of Entity Form
   3. Valuation Implications of:
      1. Different Legal Choices - It's All About the Effect on Growth and Risk
      2. Trade Secrets vs. Patents
   4. Valuation Multiples of Different Types of Dispensaries
   5. Understanding How Value Grows Over Time
5. Obtaining a California Cannabis Business License
   1:10 - 2:00, Written by Allison Margolin. Presented by Allison Margolin in Ventura and Steven L. Simas and Daniel J. Tatick in San Luis Obispo.
   1. Application Procedures: Avoiding Mistakes
   2. Grounds for License Refusal
   3. License Renewals
   4. License Transfers
   5. Appealing Application Denials
6. Legal Best Practices for Marijuana Product Packaging and Testing
   2:00 - 2:30, Written by Allison Margolin. Presented by Allison Margolin in Ventura and Mahal R. Montoya in San Luis Obispo.
   1. Labeling Rules: Product Dosage, etc.
   2. Packaging Restrictions: Appearance, Child-Proofing and Other Issues
   3. Obtaining Trademarks
   4. Ensuring Proper Food Safety Procedures for Edibles
   5. Product Testing and Third-Party Testing Laboratories
   6. Avoiding Product Liability Pitfalls
   7. Cannabis Disposal Protocols
7. California Marijuana Taxation: The Latest Rules
   2:30 - 3:15, Written by Jeremy J. Salvador. Presented by Jeremy J. Salvador in Ventura and Mahal R. Montoya in San Luis Obispo.
   1. State and Local Taxation Protocols for Recreational Marijuana Businesses
   2. Federal Tax Issues
      1. IRC §280E - Deduction of Business Expense
      2. Cash Payments
      3. Other Emerging Issues
   3. Business Strategies to Overcome Taxation Difficulties
   4. Current Tax Updates
8. Ethics
   3:30 - 4:30, Written by Allison Margolin. Presented by Allison Margolin in Ventura and Mahal R. Montoya in San Luis Obispo.
   1. Marijuana and Rules of Professional Conduct
   2. Duty to Pursue Justice
   3. Attorney Use of Cannabis Products
   4. Attorney Ownership of Cannabis Businesses

More Seminar Information

NBI, Inc. Summary Recreational Marijuana Business Law in California Delivery Method  Seminar Who Should Attend This basic-to-intermediate level seminar provides practical information on recreational marijuana law for: Attorneys Accountants and CPAs Bankers and Commercial Lenders Enrolled Agen

All Date/Location Information