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 Recreational Marijuana Business Law in Michigan Seminar

Presented by NBI, Inc.

Recreational Marijuana Business Law in Michigan

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.
• 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 Michigan Marijuana Law
   9:00 - 10:00, Written and Presented by Gregory M. Meihn in Grand Rapids, Saginaw and Southfield.
   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
   10:15 - 11:15, Written by Matthew Rizzo. Presented by Matthew Rizzo in Grand Rapids and Southfield, and Gregory M. Meihn in Saginaw.
   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 Michigan
   11:15 - 12:15, Written and Presented by Brandon Gardner in Grand Rapids, John D. Mackewich in Saginaw, and Brian P. Fenech in Southfield.
   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. Product Packaging and Testing
   6. Zoning Requirements
   7. Employment Rules and Restrictions for Cannabis Businesses
   8. Negotiating Third-Party Agreements with Cultivators, Managers etc.
   9. Premises Security Regulation Compliance
   10. Preparing for State Regulatory Agency Inspections
4. Obtaining a Michigan Cannabis Business License
   1:15 - 2:15, Written and Presented by Brandon Gardner in Grand Rapids, John D. Mackewich in Saginaw, and William C. Lentine in Southfield.
   1. Application Procedures: Avoiding Mistakes
   2. Grounds for License Refusal
   3. License Renewals
   4. License Transfers
   5. Appealing Application Denials
5. Michigan Marijuana Taxation: The Latest Rules
   2:30 - 3:30, Written and Presented by Timothy J. McGraw in Grand Rapids, Saginaw and Southfield.
   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
6. Ethics
   3:30 - 4:30, Written by William C. Lentine. Presented by Eric S. Faulkner in Grand Rapids and Saginaw, and William C. Lentine in Southfield.
   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 Michigan Delivery Method  Seminar Who Should Attend This intermediate level seminar provides practical information on recreational marijuana law for: Attorneys Accountants and CPAs Bankers and Commercial Lenders Financial Advisors

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