Overview (Program Summary)
Like it or not, Cannabis is poised to be big business on both sides of the US-Canadian border. The passage of the 2018 Farm Bill has also removed Hemp (a non-intoxicating form of Cannabis) from Schedule I of the Controlled Substances Act, causing an explosion in the number of companies selling CBD (the non-intoxicating compound derived from Hemp and Marijuana). As a result, the types of companies that do business with Cannabis, Hemp and CBD, related companies (from equipment manufacturers down to accounting services) keeps growing every day. As we dive into this topic, we will provide an overview of (1) the difference between Hemp and Cannabis Companies (and the different business models they take), (2) the various laws applicable to those types of companies (including things to watch out for in states that have legalized cannabis for medical vs. recreational use), (3) consideration for doing business with such companies, or companies that service them (and the relevance of anti-money laundering statutes), and (4) what are some of the best practices to follow for in-house counsel dealing with such companies.
CLE/CPD FOR THIS PRESENTATION IS ONLY AVAILABLE FOR:
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