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OnDemand Course

Minimizing Legal Risks and Insurance Considerations in the Cannabis Industry

Learn how to minimize your clients risk in the cannabis industry though best practices and insurance.

The cannabis space is up and running and its exponential growth is expected to continue. The excitement and passion for the industry and the wealth it can create sometimes take precedence over careful planning for the potential legal and business issues which will arise. Taking practical steps, sooner rather than later, will protect and assist with minimizing potential losses and shifting certain future costs to your insurer. This material is critical for all companies working in the cannabis space, from the smallest start up, to the largest corporation, as it will take you through the myriad of issues the industry is facing and provide you with practical information to address those issues and to put you in a position where future claims are covered by an insurance and not taken from your bottom line.

89 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview

Legalization of Medicinal and Recreational Marijuana

  • Legalization
  • State of the Cannabis Market
  • Ancillary M&A/IPO Returns

Treatment of Marijuana Under Federal Law

  • Controlled Substances Act
  • Key Decisions on Applicability of Federal Law
  • FinCEN, the Bank Secrecy Act and Guidance for Marijuana Businesses

Business Risks Under the Civil Asset Forfeiture Act

  • Civil Asset Forfeiture Around the Nation
  • Civil Asset Forfeiture for Marijuana Facilities
  • Innocent Owner Defense

Business and Legal Considerations When Dealing With Cannabis

  • Banking Issues
  • Leasing Issues
  • Personal Property Financing Issues
  • Real Property Financing Issues
  • Intellectual Property Issues
  • Trade Secret Issues
  • Corporate Governance Issues
  • Licensing Issues
  • Compliance Issues
  • Tax Issues
  • Employment Issues
  • Americans With Disabilities Act Issues
  • Products Liability Issues
  • Attorney Client Issues

Bankruptcy and Restructuring Related Cannabis Issues

  • Prohibitions on Illegal Activities
  • Early Bankruptcy Cases Involving Marijuana
  • Critical Issues for Marijuana Bankruptcies
  • A Glimmer of Hope
  • Recent Bankruptcy Cases

Insurance Coverage (Generally)

  • Contracts of Indemnity
  • Claims Made vs. Occurrence-Based Policies
  • Self-Insured Retentions (SIR)/Deductibles
  • Insuring Agreement
  • Exclusions/Exceptions
  • Endorsements
  • The Duty to Defend
  • The Duty to Indemnify

Title Insurance

  • What It Covers
  • Its Benefits
  • Issues and Potential Solutions

Directors and Officers Policies

  • What It Covers
  • Its Benefits
  • Issues and Potential Solutions

Commercial General Liability Insurance Policies

  • What It Covers
  • Its Benefits
  • Issues and Potential Solutions

Workers' Compensation Insurance Policies

  • What It Covers
  • Its Benefits
  • Issues and Potential Solutions
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on March 2, 2020.

Call 1-866-352-9540 for further credit information.

  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Oren Bitan

Oren Bitan

Buchalter

  • Shareholder with Buchalter
  • Extensive legal background that includes business, real estate, banking, receivership law, consumer product, and commercial litigation
  • Trusted advisor who guides his clients through their day-to-day legal concerns, and has particular expertise in disputes involving real estate, banking and mortgage fraud, creditors’ rights, film finance, and intellectual property
  • Advises cannabis-related businesses on a wide variety of topics, including disputes regarding business licenses, receivership over grow facilities and dispensaries, real property development, leasing, and financing for cannabis-related businesses, and assembling teams of attorneys to provide general corporate, employment, and intellectual property advice to the industry
  • Frequent speaker and has written numerous publications
  • J.D. degree, cum laude, Loyola Law School; B.S. degree, University of Southern California
  • Can be contacted at 213-891-5012 or [email protected]
Jason E. Goldstein

Jason E. Goldstein

Buchalter

  • Shareholder and co-chair of Buchalter’s Mortgage Banking Group
  • Practices in private money, real property-related litigation, title, escrow and trade secrets
  • Extensive legal background which includes defending lenders, brokers and servicers in court (negligence, fraud, TILA, RESPA, HBOR, wrongful foreclosure, lender/servicer liability defense, etc.), prosecuting escrow and title insurance litigation (on behalf of the insured), insurance coverage (Title, CGL, E&O, etc.), litigating misappropriation of trade secret claims, defending and prosecuting claims on behalf of general contractors and prosecuting receiverships
  • Published author and speaker on various topics
  • J.D. degree, University of Miami School of law; B.A. degree, University of Southern California
  • Can be contacted at 949-224-6235 or [email protected]
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Add to Wishlist

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 406889
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