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A Closer Look at Cannabis

Blog Post

The following text is an excerpt from the Akron Beacon Journal, published on December 7, 2023:

Public health, enforcement and more: Your questions answered about marijuana legalization

Patrick Williams Special to the Akron Beacon Journal
Published 6:05 a.m. ET Dec. 7, 2023 | Updated 6:06 a.m. ET Dec. 7, 2023

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.

When will the general public be able to purchase marijuana?

BMD Member, Victoria L. Ferrise, shared that she does not expect commercial sales for adults ages 21 or older to begin until late September or early October 2024.

Currently, cannabis dispensaries will still only be accessible to medical marijuana patients.

Read the full article here (Content may require a paid subscription).

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.

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.

Institutional Cannabis Lenders Community Holds First Meeting

BMD 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.

Litigation Holds: First Aid for the Thorn in a Corporation’s Side

Diversity Speaker Series: Pride Month