Friday Dec 13, 2019
Albuquerque, NM 87109
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This basic-to-intermediate level program provides a comprehensive overview of medical marijuana laws for attorneys, accountants, bankers, commercial lenders and financial advisors.
A Comprehensive Overview of Medical Cannabis Legal Issues
Medical cannabis creates numerous opportunities for investors, business owners, healthcare providers and patients with qualifying conditions. It also creates a myriad of potential legal problems for those who misinterpret state law and fail to take into account the fact that cannabis remains a Schedule I controlled substance under federal law. It is essential that attorneys advising medical cannabis businesses, patients and healthcare providers have a firm understanding of state and federal laws, as well as business licensing procedures, taxation difficulties, financing pitfalls and more. Confidently navigate the many intricacies of medical cannabis law - register today!
Analyze federal memos on medical cannabis and make sense of contradictory government positions. Advise prospective medical cannabis business owners on the in's and out's of licensing and compliance. Ensure dispensaries properly test and package medical cannabis edibles and other products. Appraise current banking difficulties for medical cannabis companies, and find alternative solutions for clients' financing problems. Employ creative tax strategies to offset the inability of medical cannabis businesses to deduct business expenses. Understand what conditions qualify patients for medical cannabis prescriptions. Distinguish between the ethical considerations of helping a business obtain a medical cannabis license and enforcing license rights.
Federal Responses to Medical Cannabis Laws
9:00 - 9:45, Written and Presented by Jason Bowles in Santa Fe and Albuquerque. Current Federal Enforcement Priorities Federal Memos: Contradictory Messages Outcomes for Undermining Federal Enforcement Priorities Possible Legal Consequences to Cannabis Consumers Under Federal Law Gun Control Act of 1968 Federal Housing Assistance State Agencies and Federal Funding Preemption and the Controlled Substance Act Obtaining Medical Cannabis Business Licenses: Overcoming Hurdles
10:00 - 11:00, Written and Presented by Patricia M. Monaghan in Santa Fe and Albuquerque. Types of Authorized Businesses: Dispensaries, Cultivation Facilities, Etc. Persons Prohibited from Owning and Operating Cannabis Businesses Necessary Background Checks for Owners and Employees Necessary Start-Up Funds Complying with Zoning Requirements Appeals for License Denials Overcoming Property Leasing Difficulties for Cannabis Businesses Handling License Renewals Essential Business Considerations for Medical Cannabis Dispensaries
11:00 - 12:00, Written and Presented by Patricia M. Monaghan in Santa Fe and Albuquerque. Marketing Restrictions for Cannabis Dispensaries Verifying Patient Information and Dosage Amounts Security and Control Requirements for Dispensaries and Producers Product Preparation and Packaging Requirements Product Testing Requirements Complying with State Inspection Requirements Obtaining Trademarks Reporting Duties to the State Licensing Authority Negotiating Third Party Agreements with Cultivators, Managers, Etc. Financing Difficulties for Lenders and Cannabis Businesses
1:00 - 1:45, Written and Presented by Jason Marks in Santa Fe and Albuquerque. Legal Implications for FDIC-Insured Banking Institutions Implications for Ancillary Business Service Providers Secured Real Estate Lenders and Lien Rights Due Diligence and Risk Assessment Mandates for Financial Institutions Obligation to Prepare Suspicious Activity Reports (SAR) and How They are Categorized Current and Proposed State and Federal Legislation Securing Alternate Sources of Financing: What are the Options? Medical Cannabis Business Taxation: Strategies to Overcome Current Difficulties
1:45 - 2:30, Written and Presented by Tracy Ahr in Santa Fe and Albuquerque. Internal Revenue Code Section 280E and Business Deductions Business Diversification Tactics: A Detailed Tax Analysis Inventory Capitalization Strategies to Reduce Tax Burdens State Medical Cannabis Taxes: Ensuring Correct Calculations Appropriate Bookkeeping Practices to Avoid Audits Patients, Caregivers and Physicians: Ensuring Legal Compliance
2:45 - 3:30, Written and Presented by Tyr Loranger in Santa Fe and Jason Marks in Albuquerque. Qualifying Conditions for Medical Cannabis Prescriptions Obtaining Patient Registry Cards: Exclusions, Fees and Other Key Considerations Authorized Caregivers: Determining Eligibility Requirements and Liabilities for Physicians Where can Patients Consume Medical Cannabis? Employment-Related Concerns for Patients Ethics
3:30 - 4:30, Written and Presented by Jason Marks in Santa Fe and Albuquerque.Securing Licenses vs. Enforcing Rights of Licenses Duty to Pursue Justice Advising on Business Operations Conflicts with Federal Law Criminal Law Considerations Ownership of Cannabis Businesses
Who Should Attend
This basic-to-intermediate level program provides a comprehensive overview of medical marijuana laws for:
Attorneys Accountants Bankers and Commercial Lenders Financial Advisors