Live Seminar

Cannabis Business Law in Vermont

Seminar

Date:

Monday, March 26, 2018

Time:

9:00 AM - 4:30 PM

Product ID#:

78413ER

Location:

Trader Duke's Hotel

1117 Williston Road

South Burlington, VT 05403

$349.00

$339 / Each Additional

Registration Includes Course Book

Credit Information

Continuing Legal Education

  • NH CLE - 6.00
  • VT CLE - 6.00

CPE for Accountants

  • CPE for Accountants/NASBA - 7.00

Other

  • IACET - 0.60
  • PACE - 7.00

Program Description

Know the Salient Points of Cannabis Laws and Effectively Advise Your Clients

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 state 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 - register today!

  • Understand how the federal government can use forfeiture laws to close cannabis-related businesses.
  • Evaluate the current banking landscape and determine whether a cannabusiness can obtain financing.
  • Ensure cannabis business clients have business policies and procedures in place that help them avoid legal scrutiny.
  • Confidently advise clients on all aspects of the cannabis business licensing process.
  • Gain practical legal tips on cannabis product packaging, labeling and testing.
  • Recognize the state and federal tax implications for cannabis-related businesses.
  • Analyze the ethical implications of advising cannabis business clients.

Who Should Attend

This basic-to-intermediate level seminar provides practical information on marijuana law for:

  • Attorneys
  • Accountants and CPAs
  • Bankers and Commercial Lenders
  • Financial Advisors
  • Paralegals

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
CLE 6.00 -  NH*
CLE 6.00 -  VT*

International Association for Continuing Education Training – IACET: 0.60

National Association of State Boards of Accountancy – CPE for Accountants/NASBA: 7.00 *

Professional Achievement in Continuing Education – PACE: 7.00 *


* 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

Email: credit@nbi-sems.com

Accreditation Details:

Continuing Legal Education

NH CLE: 6.00 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 Includes - Ethics: 1.00
This course has been approved by the Vermont Board of Mandatory Continuing Legal Education for 6.0 hours of credit, including 1.0 hour of ethics.


International Association for Continuing Education Training

N IACET: 0.60
NBI, Inc. is accredited by the International Association for Continuing Education and Training (IACET) and is authorized to issue the IACET CEU. NBI, Inc. is authorized by IACET to offer 0.6 CEUs for this program. At the end of the program, participants must complete a self-assessment in order to receive credit. 100% attendance is required. (Provider #1004558)

Upon completion of this course, attendee will be able to: 1. Identify how the federal government can use forfeiture laws to close cannabis businesses. 2. Identify two possible ways a cannabusiness can obtain financing. 3. Describe how cannabis businesses should keep records. 4. State the key steps in the cannabis business licensing process. 5. Describe packaging restrictions for cannabis products. 6. Identify two strategies cannabusinesses can use to overcome taxation difficulties. 7. Identify a possible conflict of interest attorneys face when advising cannabis businesses.

National Association of State Boards of Accountancy

N NAS: 7.00 Includes - Behavioral Ethics: 1.00, Business Law: 5.00, Taxes: 1.00
NBI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. This program is designed to qualify for 7.0 hours (based on 50 minute credit hour) of continuing professional education credit for accountants. For more information regarding administrative policies such as complaint and refund, please contact our offices at (800) 930-6182.

This is a basic to intermediate level program presented in a group live setting. Accountants should have a basic understanding of the federal responses to legalized cannabis. Upon completion of this course, attendee will be able to: 1. Identify how the federal government can use forfeiture laws to close marijuana businesses. 2. Identify two possible ways a cannabusiness can obtain financing. 3. Describe how marijuana businesses should keep records. 4. State the key steps in the marijuana business licensing process. 5. Describe packaging restrictions for marijuana products. 6. Identify two strategies cannabusinesses can use to overcome taxation difficulties. 7. Identify a possible conflict of interest attorneys face when advising marijuana businesses. Field(s) of Study -- Behavioral Ethics; Business Law; Taxes.

Professional Achievement in Continuing Education

N PACE: 7.00 Includes - Chartered Financial Consultant: 7.00
This seminar qualifies for 7.0 PACE (Professional Achievement in Continuing Education) credit hours for ChFC.


Can't Attend?
Purchase the Recording.

Questions


How To Order

Web: Order Now
Call: 800.930.6182
Fax: 715.835.1405
Mail: NBI
P.O. Box 3067
Eau Claire, WI 54702