Hundreds of companies in Washington, Oregon, California and Canada are attracting billions in investments from just about every class of investor.
But the realities of investing in cannabis are far different from those in any other industry. You’ll need to be fingerprinted, undergo a background check, surrender your banking records and be ready to deal with state and federal laws that often seem in open conflict.
Any business can find itself in a cash crunch when big expenses or payroll disbursements come due. When you form an entity to do business in cannabis, how do you finance a big expense that needs to be made right now?
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The Executive Director of the Oregon Liquor Control Commission is spreading good cheer this holiday season by issuing a “Winter Holiday Checklist” to all recreational marijuana licensees. The Checklist includes a list of regulatory violations that the OLCC is seeing on a regular basis, and a reminder of the OLCC’s enforcement authority to address these violations. One might criticize the Director for being a bit of a Scrooge by warning licensees that they are subject to investigation and enforcement action (which can include license revocation) for violations of OLCC rules. However, the Director is actually providing an early holiday gift with this Checklist, because he is providing all licensees with advance notice of those areas where the OLCC is going to pay particular attention to confirm compliance. Those areas include the following
This is just a reminder that we will be hosting a free half-day seminar for Oregon cannabis businesses this Thursday, May 18 at the World Trade Center in Portland. The program, titled Growing Up Green: Learning How to Blossom in Oregon’s Budding Marketplace (co-hosted by Garvey Schubert Barer, ACT Resources, PLLC, and Mosaic Insurance Alliance), will provide information on what every cannabis license holder needs to know, including attracting investors, employment, real estate, insurance, taxes and lessons learned from the Washington market. Additionally, the OLCC’s Portland Metro Public Safety Manager will be on hand to discuss regulatory issues and answer your questions.
The complete agenda is available on the seminar's event page on our website.
Date & Time
Thurs. May 18, 2017
Registration: 12:30 - 1:00 pm
Program: 1:00 - 4:20 pm (followed by a hosted networking social)
Location
Two World Trade Center (Mezzanine Room 3/4)
25 SW Salmon Street
Portland, OR 97204
Join us in Portland on Thursday, May 18 for a free half-day seminar as we discuss best practices on regulatory, business and operational issues to promote your company’s long-term growth and success.
Growing Up Green: Learning How to Blossom in Oregon’s Budding Marketplace (co-hosted by Garvey Schubert Barer, ACT Resources, PLLC, and Mosaic Insurance Alliance) will provide information on what every cannabis license holder needs to know, including attracting investors, real estate, insurance, taxes and lessons learned from the Washington market. Additionally, the OLCC’s Portland Metro Public Safety Manager will be on hand to discuss regulatory issues and answer your questions. This event is designed specifically to address issues affecting cannabis producers, processors, retailers, and ancillary businesses.
View the complete agenda on the event page on our website.
Date & Time
Thurs. May 18, 2017
Registration: 12:30 - 1:00 pm
Program: 1:00 - 4:20 pm (followed by a hosted networking social)
Location
Two World Trade Center (Mezzanine Room 3/4)
25 SW Salmon Street
Portland, OR 97204
Garvey Schubert Barer will be sponsoring and attending the Cannabis Collaborative Conference at the Portland Expo Center on February 3 and 4. The conference will kick off with a keynote address from former NBA All-Star and Portland Trail Blazer Cliff Robinson, a cannabis advocate, and will feature 80 cannabis industry speakers and more than 90 exhibitors.
The numerous sessions are devoted to informing both existing businesses and new ventures about recent industry developments, including interactive workshops and hands-on demonstrations hosted by the Oregon Liquor Control Commission. This year’s conference is shaping up to be a can’t-miss event for members of the cannabis community.
You can find us at the following events on Wednesday, February 3:
- 2:15-3:00 PM - “Ask the Experts” Roundtable
Emily Harris Gant, Scott G. Warner and William K. Kabeiseman will participate in this informal round table session and will be available to answer attendees’ questions about corporate, intellectual property and real estate & land use issues, respectively, as they relate to the cannabis industry.
- 3:15-4:00 PM - The Status of Investing in the Cannabis Industry
Harold E. Snow, Jr. will review the law and regulations concerning who can invest in the cannabis industry and how, both directly and indirectly, and he will offer suggestions on maximizing investor participation in the emerging cannabis industry.
- 7:00-10:00 PM - Evening Reception
GSB is hosting the conference’s Wednesday evening party.
We hope to see you there!
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Foster Garvey’s Cannabis practice group comprises a premier legal counsel team who provides a full range of legal services such as regulatory compliance, marijuana licensing, business finance, contracts, labor and employment, health care, real estate, intellectual property, litigation and dispute resolution, technology and tax. Our team possesses deep and diverse industry experience and has counseled clients across virtually all industry sectors. We understand the inherent challenges that licensed marijuana and ancillary businesses in Washington state, Oregon and Alaska are burdened with in this highly regulated industry as they deal with onerous state and local regulations as well as uncertainty resulting from federal law.
We are committed to helping our clients achieve their business goals while navigating the intricacies in this rapidly changing area of law. We prize innovation and entrepreneurship, and closely monitoring industry trends.
