Cannabis Law

MT Specific

4.55

Marijuana Business Operations in Montana

Credits Available
Credit Status Total
Montana CLE Approved 6 Total
OnDemand
6 hours 7 minutes
Christopher Young
Michael Hekman
Jessica DeMarois
With Christopher C. Young from Gravis Law PLLC + 2 others
Recorded November 14, 2023
Product ID 97394

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Overview

Learn How to Effectively Own and Operate a Marijuana Business

The legalization of marijuana has created a multitude of business opportunities, but it has also created many questions and uncertainties for attorneys advising businesses. With so much legal gray area it gets hard to define many aspects of how to actually run the business. In this full-day program, expert faculty will equip you with the essential skills you need to effectively (and legally) run a marijuana business. Don't miss out on this vital marijuana business course - register today!

  • Examine marijuana business regulations, state/federal compliance, and licensing changes.
  • Evaluate the current banking landscape, review requirements of FinCEN guidance, learn how to get a bank account, raise capital, and more.
  • Learn how to create solid marijuana business plans and policies and accurately deal with 401k issues.
  • Review tax implications and better understand Section 280E of the IRS Tax Code.
  • Better understand site security and zoning requirements to avoid costly legal ramifications.
  • Analyze the ethical implications of advising cannabis business clients.

Abbreviated Agenda

  1. How to Remain Compliant: Marijuana Laws, Licensing, and More
  2. Examining Marijuana Site Security and Zoning Requirements
  3. Banking and Financing for Marijuana Businesses
  4. Reviewing Marijuana Business Tax Implications, Recordkeeping, and Accounting Best Practices
  5. Human Resources, Labor, and Employment
  6. Legal Ethics

Related Topics

Product ID 97394

Credit Details

Credits Available
Credit Status Total
Montana CLE Approved 6 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. How to Remain Compliant: Marijuana Laws, Licensing, and More

    1. The Regulatory Status/Current Challenges of Marijuana
    2. Impacts and Risks of Federal Law
    3. Setting Up and Maintaining Comprehensive Compliance Standards and Practices
    4. What Permitting is Needed for Each Type of Operation?
    5. Hemp vs. Marijuana - Botanical and Regulatory Distinctions
    6. Making Changes to Your License
    7. How to Remain Compliant for Cultivations, Processors, Retailers, Wholesalers, Transports, and Manufacturers
    8. Fighting Regulatory Enforcement Actions
    9. Dealing With Regulators About Cannabis

  2. Examining Marijuana Site Security and Zoning Requirements

    1. Reporting Emergencies
    2. Waste and Process for Changing Operating Plan and Premises
    3. Reviewing Site Security Requirements for Different Operations
    4. Examining Local Municipal Zoning Regulations and Requirements

  3. Banking and Financing for Marijuana Businesses

    1. Banking Laws, Regulations, FinCEN Requirements, and Prohibitions
    2. How to Get a Bank Account for the Cannabis Business
    3. Financing the Marijuana Startup
    4. Handling MJ Financing Issues
    5. What to do With the Funds...
    6. Payment Systems: Examining Illegality
    7. Cash Handling and Anti-Money Laundering Policies, Procedures, and Penalties
    8. Managing Growth: Seeking Investment, New Business Partners, Mergers, and IPOs

  4. Reviewing Marijuana Business Tax Implications, Recordkeeping, and Accounting Best Practices

    1. How to Deduct Business Expenses in Light of 280E
    2. Tax Ramifications/Implications - How and Why Taxation Affects Bottom Line and Business Plan
    3. Examining Cannabis Record Keeping Requirements
    4. Reviewing MJ Accounting, Profit, and Loss Best Practices

  5. Human Resources, Labor, and Employment

    1. Choosing/Assembling the Right Management/Executive Team
    2. Hiring, Staffing, and Training for the Marijuana Business
    3. Handling 401k Issues Specific to the Cannabis Business
    4. Understanding MJ Corporate Governance - Proper Forms and Processes

  6. Legal Ethics

    1. Marijuana and Rules of Professional Conduct
    2. Duty to Pursue Justice
    3. Attorney Use of Cannabis Products
    4. Attorney Ownership of Cannabis Businesses

Who Should Attend

This intermediate level online seminar provides practical information on marijuana law for:

  • Attorneys
  • Accountants and CPAs
  • Bankers and Commercial Lenders
  • Certified Financial Planners
  • Paralegals

Speakers

Christopher C Young
Christopher C.
Young
Gravis Law PLLC
Michael H Hekman
Michael H.
Hekman
Garlington, Lohn & Robinson, PLLP
Jessica M DeMarois
Jessica M.
DeMarois
JDMT Law
Speaker bio
Christopher C Young

Christopher C. Young

Gravis Law PLLC
Christopher Young

is a senior attorney with Gravis Law PLLC. He practiced in the Philadelphia area for thirteen years, representing Fortune 100 clients in the insurance and financial services industries. He returned to Montana in 2014, having had enough of big cities and their corresponding stressors. He identified the medical marijuana industry as an area with a substantial unmet need for legal services and began a regulatory compliance practice, among other areas of the law. He established the Young Law Office in 2016, where his cannabis regulatory practice grew every year. He joined Gravis Law PLLC in November 2021, in part to expand the services he could provide to his cannabis clients. He now represents several dozen Montana marijuana businesses and provides them legal services, including business agreements and cannabis-related mergers and acquisitions. Mr. Young is admitted to practice in Montana and Pennsylvania and before the U.S. District Court for the Eastern District of Pennsylvania, U.S. District Court District for the District of New Jersey, U.S. District Court for the Middle District of Pennsylvania, the U.S. District Court for the District of Montana, and the U.S. Court of Appeals for the Ninth Circuit. He earned his B.A. degree from Carleton College and J.D. degree, magna cum laude, from William Mitchell College of Law.

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Speaker bio
Michael H Hekman

Michael H. Hekman

Garlington, Lohn & Robinson, PLLP
Michael Hekman

is an attorney with Garlington, Lohn & Robinson, PLLP, where his practice focuses in advising lenders and banks in all scope of matters, including state and federal compliance, bankruptcy, loss mitigation, foreclosures, workouts, cannabis law, and default actions. Mr. Hekman has extensive experience both prosecuting and defending banks and creditors in all manners of actions, including lien validity claims, fraud, lender liability, condemnations, TILA, RESPA, FDCPA, and state consumer protection actions. His extensive bankruptcy experience includes representing creditors of all sizes in adversary proceedings; cases under chapters 7, 11, 12, and 13 of the bankruptcy code; and on appeals. Mr. Hekman previously worked at a national bankruptcy and creditors rights firm, overseeing the firm’s compliance and risk management processes in addition to his practice. He also has a real estate practice, with experience in prosecuting and defending quiet title and other declaratory actions to resolve boundary disputes, lien priority issues, and access rights. Mr. Hekman has also handled a variety of real estate transactions and workouts, ranging from small to multi-million-dollar negotiations. He also holds a Master of Laws in taxation and is experienced in business and corporate tax issues. Mr. Hekman earned his B.A. degree from Calvin College, his J.D. degree from Western Michigan University Thomas M. Cooley Law School, and his LL.M. degree in taxation from University of Washington School of Law. 

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Speaker bio
Jessica M DeMarois

Jessica M. DeMarois

JDMT Law
Jessica DeMarois

is the owner of JDMT Law, where she is experienced in guiding her clients through the complex and evolving frontiers of Montana cannabis and alcohol licensing law. She has a background in federal and state taxation, non-profit administration, administrative, and criminal law, formerly working as a King County criminal prosecutor in Seattle and as a senior deputy attorney general at the Montana Department of Revenue. Ms. DeMarois earned her undergraduate degree from the University of Montana Davidson Honors College and her law degree from the University of Montana School of Law, and her Masters degree in tax law from University of Washington School of Law.

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