Cannabis Legalization in 2018: What the Future Holds
At first, legalization efforts on the use of cannabis focused on its medical purposes alone but as this trend continuously progresses, the legal use of cannabis for recreational purposes is also being realized in a number of states. These recent developments have triggered more states to consider the merits of legalizing cannabis both for medical and recreational use.
In a LIVE Webcast, a panel of thought leaders and practitioners assembled by The Knowledge Group will discuss the significant and latest issues on the legalization of cannabis. They will also provide an in-depth discussion of its potential implications and will offer expert insights on how businesses can maximize the opportunities and manage the challenges and pitfalls, posed by this legal trend.
Key topics include:
- Cannabis Legalization – An Overview
- Emerging Trends and Critical Issues
- Potential Implications
- Maximizing Opportunities
- Managing Challenges and Pitfalls
- What Lies Ahead
Charles X. Gormally, Member
Brach Eichler, LLC
- Understanding the Bi-polar nature of cannabis ---the Federal vs. State dichotomy.
- Vocabulary---medical, regulated, adult use. Legalization?
- The New Jersey Experience---reluctant Governor creates unworkable medical marketplace with logical outcome.
- Current political climate---expansion of vertically integrated medical marketplace; legislation on further expansion and creating adult use market.
- Social justice concerns
- Insuring the market is open to traditionally underserved communities---Oakland model
- Local control of future cannabis businesses in NJ Home Rule
James Thorburn, Attorney
Thorburn Walker LLC
Ronald L. Seigneur, Managing Partner
Seigneur Gustafson LLP
- Tax compliance challenges in cannabis, including: IRC 280E, sales and use tax, excise taxes, Form 8300 compliance and the challenge of paying taxes without access to banking.
- Business and intellectual property appraisal challenges in cannabis.
- Lessons learned from Colorado.
Who Should Attend:
- Healthcare Law Attorneys
- Legal Risk Officers and Administrators
- Regulatory and Policy Managers
- Legal and Compliance Executives
- Healthcare Service Providers
Charles X. Gormally is the Chair of the Litigation Practice and Co-Chair of the Cannabis Law Practice at Brach Eichler LLC. He is also a member of the firm’s Exectutive Committee.
A strong advocate for the creation of a regulated cannabis marketplace in New Jersey, Charles has been widely quoted in the press on the challenges and opportunities for potential industry participants and the current legislative landscape.
Over the past 40 years, Charles has developed a proficiency in counseling clients with complex business matters, challenges to governmental regulation, contract disputes, and tort actions. Designated as a Certified Civil Trial Attorney by the New Jersey Supreme Court for the past 20 years, a distinction reserved for less than 2% of attorneys, Charles has successfully tried jury and bench trial cases in the Federal and state courts, as well as arbitration matters. Charles is a state certified mediator and has served as Chair of the Planning Board and two terms as Mayor of Mountain Lakes.
Charles has been named a Best Lawyer by his peers for 2018, and is an instructor with the Institute of Continuing Education.
Charles X. Gormally is the Chair of the Litigation Practice and Co-Chair of the Cannabis Law Practice at Brach Eichler …
Jim Thorburn has been an attorney since 1991 and is a founding partner of Thorburn Walker LLC, based in Denver, Colorado.
Jim’s primary background is commercial litigation in both state and federal courts, with a focus on cannabis. The combination of Jim’s litigation experience and Rich Walker’s vast experience in tax has made Thorburn Walker a formidable force in tax controversy in cannabis.
Jim is on the forefront of the current federal and state issues affecting dispensaries. Jim works with state and national legislators to effect positive legislative change for the cannabis industry. He helps dispensaries, grow facilities, and other businesses navigate through complex federal legal issues. In addition to Section 280E issues, Jim also provides general business representation, helping dispensaries be compliant.
Jim has received national recognition as a lead litigating attorney in the cannabis industry’s high profile cases.
Jim Thorburn has been an attorney since 1991 and is a founding partner of Thorburn Walker LLC, based in Denver, …
Ron is Managing Partner of Seigneur Gustafson LLP, based in Lakewood Colorado, where he is responsible for financial forensics, business and intellectual property valuation, practice management consulting and exit & succession planning services. He is co-author of Financial Valuations: Applications and Models, published by John Wiley & Sons, Reasonable Compensation: Applications and Analysis for Management, Valuation and Tax, published by Business Valuation Resources, and The Cannabis Industry Accounting and Appraisal Guide, published by LuLu.
Ron is an adjunct professor at the University of Denver, College of Law and Daniels College of Business where he teaches law firm leadership and business appraisal classes. He has a BA from Michigan State University and an MBA from the University of Michigan. He is a fellow of the College of Law Practice Management and a frequent speaker and author on professional practice issues including leadership, cannabis industry matters, strategic planning, compensation and related topics. Ron is currently writing a children’s book on the Sayings of our Elders with his daughter, Chelsea.
Ron is Managing Partner of Seigneur Gustafson LLP, based in Lakewood Colorado, where he is responsible for financial forensics, business …
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About Brach Eichler, LLC
Since its founding in 1967, Brach Eichler has built trusted, personal relationships with its clients, rendering advice that is business-savvy and creative, yet practical. A recognized pioneer in health care and real estate law, Brach Eichler is a multipractice firm dedicated to serving the myriad needs of clients from multiple industries. Brach Eichler is known for “getting the deal done” with its clients’ interests well represented and always at the forefront of the process.
The firm’s attorneys are thought leaders in their industries; many are recognized by top legal ranking companies including Chambers, Best Lawyers, and Super Lawyers. In addition to the firm’s client-centric culture, it also gives generously of its time and talent. For the past 50 years, community and charitable outreach have been an intrinsic part of Brach Eichler’s mission and identity.
About Thorburn Walker LLC
Thorburn Walker, LLC, is the nation’s leading tax controversy law firm for the cannabis industry. Since 2012, Thorburn Walker has aggressively defended cannabis businesses from the IRS’s reach of Section 280E of the Tax Code. Through Thorburn Walker’s sophisticated defenses, the cannabis industry has been allowed to thrive despite the confiscatory tax practices of the IRS in this area.
Many of the Who’s Who of the cannabis industry has sought Thorburn Walker’s advice or representation in cannabis tax matters on both the state and federal level. Due to Thorburn Walker’s national reputation and stature, these requests for representation now extend beyond tax and into all areas of cannabis law.
Thorburn Walker has recently opened an office in Las Vegas, Nevada and seeks to have a presence in all states that have legalized cannabis.
About Seigneur Gustafson LLP
Seigneur Gustafson LLP is a Colorado based CPA and Consulting firm that specializes in the cannabis industry providing business and intellectual property appraisal, due diligence, litigation support services and tax planning & compliance. Two of the firms three partners are co-authors of The Cannabis Industry Accounting and Appraisal Guide. Surf to: www.cpavalue.com and www.CannaValuation.com for more info. 303.980.1111 / firstname.lastname@example.org.