Resources

Client Alerts, News Articles, Blog Posts, & Multimedia

Everything you need to know about BMD and the industry.

ICLC Broadens Financial Services Ecosystem Charter, as Aon’s Cannabis Team, CTrust, CRB Monitor and Jarabek and Company Are Added to the ICLC’s Growing Roster of Institutional Participants

December 11, 2024The ICLC has expanded its charter to include a broader cannabis financial services ecosystem by adding four new participants: Aon, CRB Monitor, CTrust, and Jarabek & Company. These changes, supported by strategic initiatives, may lead to rebranding as the Institutional Cannabis Financial Community (ICFC) and the creation of new participant committees.Blog Post

The Shadows Are on the Run: Global Icon Aon Adds Its Heft and Stature to the Legitimization of the Cannabis Industry

September 20, 2024Aon, a global firm with 50,000 employees across 120 countries, has made a strategic move into the U.S. cannabis industry, joining a growing list of institutional players such as First Citizens Bank. This entry aligns with the efforts of the Institutional Cannabis Lending Community (ICLC), which has been driving deal flow and fostering best practices among financial institutions since its founding less than 18 months ago. Aon will co-host an exclusive event for the ICLC at the Benzinga Capital Conference in Chicago, where it will unveil a custom product suite designed for cannabis businesses and tap into the collective expertise of the ICLC's nearly 30 Participants, which include banks, lenders, and compliance experts.Client Alert

FTC Increases Targeting of Companies Lacking Cyber Protection

May 13, 2024The Federal Trade Commission (FTC) recently released a comprehensive cybersecurity report outlining key findings and recommendations based on emerging threats, trends in data breaches, and strategies for businesses to enhance their cybersecurity posture observed over the last year.Blog Post

Entourage Effect and Shield Compliance Join the ICLC

April 17, 2024In 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.Blog Post

Trulieve Tax Announcement and the ICLC Growth Spurt

March 19, 2024On 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.Blog Post

Institutional Cannabis Lenders Community Holds First Meeting

July 28, 2023BMD Attorneys Stephen Lenn and Brandon Pauley have organized the Institutional Cannabis Lenders Community (ICLC), which is a community of institutional lenders include banks, credit unions, dedicated cannabis loan funds and family office/ultra-high net worth investors and are excited to announce that the group recently held its first meeting. The more than 20 participants in the ICLC, which was organized to enhance relationships among institutional cannabis lenders and provide forums for evolving best practices, include 4 of the major cannabis loan, more than a dozen banks and credit unions, and a cross section of other organizations that are involved in institutional cannabis finance activities.Multimedia

HIPAA and Cybersecurity 10 Steps You Should Take Now To Protect Your Organization

June 13, 2022Kate Hickner sits down with Andy Jones, Brandon Pauley, and Kyle Johnson to discuss recent developments in cybersecurity and today's threat environment. Kate shares with us the HIPAA privacy tips, Andy Jones discusses the security considerations from an expert, Brandon Pauley shares with us incident response from a legal perspective, and Kyle Johnson shares with us, post-incident litigation. Be sure to subscribe to our YouTube channel to learn more!Client Alert

Ohio Modernizes and Improves its Laws Governing Limited Liability Companies

February 17, 2022Effective Feb. 11, 2022, the Ohio Revised Limited Liability Company Act (“Revised Act”) now governs all limited liability companies formed under Ohio law. The law updates and replaces the existing LLC Act and has important implications for business owners in Ohio. Passage of the Revised Act makes Ohio one of only 16 states that permits the formation of “Series” LLCs. The legislation is intended to be one of the most progressive LLC acts in the country, but retains the terminology used in Ohio’s current LLC act.Client Alert

The Rising Threat from Insiders – Get Your House in Order

November 16, 2021As its name implies, an ‘Insider Threat’ originates inside an organization. An ‘insider’ is any person who has or had authorized access to or knowledge of an organization’s resources, including personnel, facilities, information, equipment, networks, and systems. ‘Insider threat’ can manifest from malicious, complacent, negligent or unintentional acts that negatively affect the integrity, confidentiality, and availability of the organization, its data, personnel, or facilities. Certainly, ‘Insider Threat’ can be an activity by a bad actor employee, but can also arise from an inadvertent or unknowing action inside an organization (such as an employee who unintentionally opens a phishing email or clicks on a malicious link).Client Alert

COVID-19 and Commercial Contracts: Is it Time to Modify?

March 17, 2020The coronavirus (“COVID-19”) pandemic will likely create hardship for parties attempting to perform under many types of commercial contracts. Significantly, contracts requiring travel and/or involving the provision of goods and services are likely to be substantially impaired or impacted.News Article

Brandon Pauley Represents Residents in Proposed Mixed Use Development Zoning Matter in Columbus

April 1, 2019A group of neighbors has organized in opposition to a proposed mixed-use development in Schumacher Place. Brandon Pauley represents the residents.