Audio CD + Course Book

Cannabis Business Law in Vermont

Audio CD + Course Book

Copyright Date:

March, 2018

Product ID#:


Audio + Course Book

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From Event: Cannabis Business Law in Vermont, held March 2018.

Program Description

The legalization of cannabis has created business opportunities, but it has also created many questions and uncertainties for professionals advising businesses due to the position of the federal government. 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 - order today!

Course Content

  1. Federal Responses to Vermont Cannabis Law
  2. Banking and Financing for the Cannabis Industry
  3. Cannabis Law in Vermont
  4. Obtaining a Vermont Cannabis Business License
  5. Legal Best Practices for Cannabis Product Packaging and Testing
  6. Vermont Cannabis Taxation: The Latest Rules
  7. Ethics

Continuing Education Credit

Continuing Legal Education

Credit Hrs State Credit Approval Expiration
CLE 6.00 NH * 03/26/2021
CLE 6.00 VT * 03/26/2020

* denotes specialty credits

Agenda / Content Covered

  1. Federal Responses to Vermont Cannabis Law
    9:00 - 10:00, Timothy B. Fair
    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 Cannabis Industry
    10:00 - 10:45, Timothy B. Fair
    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. Cannabis Businesses Law in Vermont
    11:00 - 11:45, Rep. Janssen Willhoit
    1. Powers of State Regulatory Agencies
    2. Business Types Allowed
    3. Marketing Restrictions
    4. Zoning Requirements
    5. Employment Rules and Restrictions for Cannabis Businesses
    6. Negotiating Third-Party Agreements with Cultivators, Managers, etc.
    7. Premises Security Regulation Compliance
    8. Preparing for State Regulatory Agency Inspections
  4. Obtaining a Vermont Cannabis Business License
    11:45 - 12:30, Tripp Murray
    1. Application Procedures: Avoiding Mistakes
    2. Grounds for License Refusal
    3. License Renewals
    4. License Transfers
    5. Appealing Application Denials
  5. Legal Best Practices for Cannabis Product Packaging and Testing
    1:30 - 2:30, Timothy B. Fair
    1. Labeling Rules: Product Dosage, etc.
    2. Packaging Restrictions: Appearance, Child-Proofing and Other Issues
    3. Obtaining Trademarks
    4. Ensuring Proper Food Safety Procedures for Edibles
    5. Product Testing and Third-Party Testing Laboratories
    6. Avoiding Product Liability Pitfalls
    7. Cannabis Disposal Protocols
  6. Vermont Cannabis Taxation: The Latest Rules
    2:45 - 3:30, Rep. Janssen Willhoit
    1. State and Local Taxation Protocols for Cannabis 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
  7. Ethics
    3:30 - 4:30, Timothy B. Fair
    1. Cannabis and Rules of Professional Conduct
    2. Duty to Pursue Justice
    3. Attorney Use of Cannabis Products
    4. Attorney Ownership of Cannabis Businesses

TIMOTHY B. FAIR is an attorney with Blodgett Watts & Volk PC, where he focuses his practice on criminal defense and family law. Prior to his employment with Blodgett Watts & Volk PC, Mr. Fair clerked for both the Franklin and Chittenden County Public Defender's offices. Mr. Fair also completed a semester-long internship with the Barre, Vermont firm of Williams & Gray, LLC, working on a variety of legal matters. He received his B.S. degree from the Woodbury Institute at Champlain College and his J.D. degree from Vermont Law School.

TRIPP MURRAY is the director of sales and business development at Champlain Valley Dispensary, Inc. (CVD), Vermont's largest medical cannabis organization. CVD currently serves over 2,000 patients through its two dispensaries, Champlain Valley Dispensary, located in Burlington and Southern Vermont Wellness, located in Brattleboro. CVD currently produces more than 100 products, including selling clones to patients who have designated CVD as their dispensary from its facility in Milton. In addition, CVD also produces and distributes three national cannabis brands, Mary's Medicinals, Mad Hatter Teas and Coffees and O.PenVape product lines. In order to ensure that all patients have access to the highest quality, lab tested products, CVD also offers home delivery throughout the state to its patients.

REP. JANSSEN WILLHOIT is a representative in the Vermont House of Representatives. He is currently on his second term in the Vermont House of Representatives, where he is also serving on the House Judiciary Committee. Mr. Willhoit is also an attorney with a solo practice in St. Johnsbury and a public defender in both juvenile and adult court for Caledonia, Essex, and Orleans counties. He received his B.A. degree from Eastern Kentucky University, his M.S. degree from George Washington University, and his J.D. degree, magna cum laude, from Vermont Law School.

Please refer to Continuing Education Credit FAQ for general information about seeking credit for your participation in one of our continuing education programs.

Additionally, our team of credit specialists are here to answer your specific credit-related questions weekdays 7am - 5pm Central:

Phone: 866-240-1890


Accreditation Details:

Continuing Legal Education

NH CLE: 6.00 Credit Approval Exp
Includes - Ethics: 1.00
NHMCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. NBI, Inc. believes this course meets the requirements of NH Supreme Court Rule 53 toward the annual NHMCLE requirement.

VT CLE: 6.00 Credit Approval Exp
Includes - Ethics: 1.00
This course has been approved by the Vermont Board of Mandatory Continuing Legal Education. This program may qualify for up to 6.0 hours of self-study credit, including 1.0 hour of self-study ethics credit. No more than 10.0 hours of self-study CLE credit may be earned during a reporting period. Attorneys may not earn professionalism credit with self-study.

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