Thorny Issues in the Cannabis Industry

Agenda / Content Covered

1. 2022 Medicinal and Recreational Developments: New Rules, Regs, and Updates
   10:00 — 11:00, Jeffrey Gard
   1. Federal and State Legal Update
   2. Proposed Legislation at the Federal Level
   3. How Federal Legalization Would Impact Taxes, Banking, and More
   4. Farm Bill and Industrial Hemp Update
   5. How the International Legalization Landscape Impacts US Businesses
   6. New Security Regulations
2. 2022 Enforcement Priorities, Internal Guidelines, Inspections, and Penalties
   11:15 — 12:15, Timothy Fair
3. Hemp, CBD, and Derivative Products: Current Problems, Solved
   12:15 — 12:45, Jeffrey Gard
4. Overcoming Key Issues Involving Tax, Accounting, and IRC § 280E
   1:15 — 2:15, Kenneth Ford
   1. How IRC Section 280E Affects Business and Tax Planning
   2. Avoiding the Latest Accounting Challenges Facing Marijuana Businesses
   3. Cash-Based Business Tax Strategies You Need to Know
   4. Establishing Sound Internal Controls over Cash and Inventory
   5. Record-Keeping and Reporting Issues and Answers
   6. Overcoming Top Lender-Borrower Issues
5. Tackling Advanced Regulatory and Compliance Issues
   2:15 — 3:15, Timothy Fair
   1. Top 10 Cannabis Business Licensing & Permitting Challenges
   2. Zoning and Land Use Issues
   3. Product Testing and Disposal Issues
   4. What You Need to Know Before the Business Crosses Borders
   5. Marketing and Intellectual Property Issues and Restrictions
   6. Labeling Rules and Requirements
   7. Dispensaries and Retailers: Top Landmines
6. Business Contracts and MRBs: Top Legal Dangers and Mistakes
   3:30 — 4:00, Jeffrey Gard
7. Staying Ethical While Advising Marijuana Businesses
   4:00 — 5:00, Jeffrey Gard
   1. Advising on Business Operations
   2. Criminal Law Considerations
   3. Marijuana and Rules of Professional Conduct
   4. Duty to Pursue Justice
   5. Attorney Use of Cannabis Products
   6. Attorney Ownership of Cannabis Businesses

Accreditation Details:

Timothy B Fair is the founder of Vermont's first cannabis law & consulting firm, Vermont Cannabis Solutions. Mr. Fair has been a vocal advocate for both cannabis and overall drug policy reform for most of his adult life. Since becoming an attorney he has been fortunate enough to be part of the statewide movement to legalize cannabis in Vermont. Mr. Fair has been featured on a number of podcasts and radio shows, including: The Ganjapreneur Podcast, VPR's "Vermont Edition," "In The Weeds" radio show and Paris Marketing's "Creative Warrior" podcast. Mr. Fair has also been quoted in multiple national media sources including: The Washington Post, Marijuana Business Daily and High Times magazine. He has spoken on the topic of cannabis law at numerous seminars and events across the country, and was recently tapped to help design and teach Vermont’s first continuing legal education course on cannabis business law in Vermont. He received his B.S. degree from Woodbury College and his J.D. degree from Vermont School of Law.

 

Kenneth Ford is an attorney with Cultiva Law PLLC where he primarily focuses on representing cannabis industry clients in litigation. With a background in corporate litigation, industry compliance, corporate transactions, and tax, he is thrilled to meld these passions to cultivate effective legal solutions across all stages of corporate development, operation, and litigation. Mr. Ford is a cannabis attorney with an extensive background in tax law and corporate litigation. He is adept at providing creative and strategic solutions to fit his clients' specific business and litigation needs. Prior to joining the firm, Mr. Ford put his masters degree in tax law to work for two state government taxing authorities. He received his bachelor's degree from Bethune-Cookman University (BCU), his J.D. degree from Texas Southern University, and his L.L.M. degree in taxation from the University of Florida.

 

Jeffrey Gard is a Colorado attorney with Gard Law Firm, LLC, specializing in marijuana law. He represents numerous patients, doctors, and marijuana businesses throughout the state of Colorado and has advised people from all over the country. Mr. Gard advises both state and local governments in their development of medical marijuana business regulations. He is widely considered one of Colorado's leading marijuana attorneys. Since the passage of Amendment 64, which legalized adult possession and cultivation of marijuana in Colorado, Mr. Gard has been working with state and local officials in developing regulations for the retail marijuana industry and was appointed by the state to participate in the rule-making progress. Over the last year, he has been working with the U.S. Congress to assist with an analysis of the federal code to determine the various areas which are impacted by the state marijuana laws in hopes of reconciling state and federal law in the near future. Mr. Gard now shares his knowledge and experience with other attorneys and has given several CLE lectures on various aspects of marijuana law. By way of background, he is a Colorado native and a cum laude philosophy graduate from the University of Colorado, where he also was elected Phi Beta Kappa. While attending law school, Mr. Gard won the William De Souchet Award for best individual performance in trial advocacy and won a multi-state moot court competition during his first year of law school. After graduation, he accepted a position with a respected litigation firm in Boulder, Colorado, and later formed his own firm in downtown Boulder, Colorado.