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The Association of Corporate Counsel (ACC) is the world's largest organization serving the professional and business interests of attorneys who practice in the legal departments of corporations, associations, nonprofits and other private-sector organizations around the globe.

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August 14, 2019 | 12:00 PM Eastern Daylight Time

Overview (Program Summary)

Presented by the Small Law Department Network and Sponsored by Meritas
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.

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