Resources

Client Alerts, News Articles, Blog Posts, & Multimedia

Everything you need to know about BMD and the industry.

Scott Sandrock Awarded the Outstanding Eagle Scout Award

Blog Post

BMD is proud to recognize its member Scott P. Sandrock being awarded the Outstanding Eagle Scout Award by the Boy Scouts of America.  This award recognizes Eagle Scouts who have later achieved distinction in their professional careers and leadership through community service.  A limited number of these awards are presented annually.  The Award was presented at the Annual Eagle Scout Recognition Dinner in January.

Scott is a partner in our Akron office concentrating in business matters, healthcare transactions, franchising and business succession.  He has published over 50 articles including contributing to three books.  His articles have been cited as legal authority by the Supreme Courts of the States of Illinois, Pennsylvania and Connecticut, as well as the United States Federal Court of Appeals for the 11th Circuit.  He is a member of numerous bar associations and currently serves as Vice-Chairman of the Bar Applicant Committee of the Stark County Bar Association.  He was selected by his peers as a Life Fellow of the Ohio State Bar Association.  Scott is an honors graduate of the University of Notre Dame and The Ohio State University College of Law.

Scott has been extensively involved in leadership positions in community organizations.  He has served as the President of Community Services of Stark County, the Chapter Chairman for the American Red Cross, President of Prescription Assistance Network, President of Canton City Schools Foundation, President of the Buckeye Council Boy Scouts of America, President of Family First and President of the Rotary Club of Canton.  He has extensive service in other Scouting positions including serving as a unit leader, national staff positions at national events, and as an advisor on multiple high adventure trips.

Scott serves as a Trustee of the Austin Bailey Foundation, the Rocco Foundation and the Stark County Dental Society Charitable Foundation.  He has provided leadership to numerous community fundraising projects and campaigns.  He has also served our community as a village councilman and as a member of the Jackson Township Zoning Commission.  He has received other community recognitions for his ongoing community service.


Entourage Effect and Shield Compliance Join the ICLC

In a continuation of its recent growth, only a bit more than a year after its organization, the ICLC is pleased to announce the addition of 3 more new participants. One of these is a commercial bank. In accordance with our commitment to our bank participants, they are not identified outside the Community unless they specifically authorize it. The other 2, Entourage Effect Capital (EEC) and Shield Compliance, are each well known within the cannabis industry and will enhance the ICLC’s potential value to its participants, enriching the spectrum of relevant and accretive cannabis industry experience, skillsets and perspectives available to them.

Trulieve Tax Announcement and the ICLC Growth Spurt

On March 12, leading cannabis tax lawyer James Mann made an extremely timely virtual presentation to ICLC participants regarding the announcement by Trulieve of its receipt of more than $100 million of tax refunds in connection with a challenge to what it owes under Section 280E of the Internal Revenue Code.

Another Big Move Out of the Shadows; First Citizens Bank, the nation’s 19th largest, poised to enter the Cannabis Market

A commentary on cannabis and hemp dated January 12, 2024 posted by First Citizens Bank on its website reflects the decision by the Bank to extend its very substantial hemp/CBD platform into the cannabis space.

A Closer Look at Cannabis

At the Nov. 30 Akron Roundtable event "A Closer Look at Cannabis," moderated by Andrew Meyer, deputy editor of news Ideastream Public Media, a varied group of panelists spoke about expected and potential outcomes and efforts of marijuana legalization.

Out of the Shadows - Cannabis Going Mainstream

BMD Phoenix Office Managing Partner, Stephen Lenn, recently discussed today's cannabis industry at an Akron Roundtable as part of their "Bringing it Home" series.