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BMD Spotlight: Tracy Miller

Blog Post

At BMD, we take pride in our dedicated team members, who consistently make a lasting impact on our clients. This month, our professional spotlight is on Tracy Miller, a skilled paralegal who focuses on healthcare and corporate law. Her recent contributions to two significant deals demonstrate the powerful impact our professionals have on client success.  

“For me, working with clients is about building trust – listening closely, navigating the regulatory hurdles together, and finding creative solutions that don’t just meet the rules, but bring their vision to life,” Tracy said.

Navigating a Complex Regulatory Hurdle

In a recent transaction, our legal team represented the seller. A potential licensure issue threatened to cause a significant delay in the deal's closing, which was on a tight two-week deadline. The buyer, a large private equity-backed organization working with outside counsel, believed this problem would take at least 60 days to resolve.

Tracy’s deep knowledge of the regulatory landscape was key. She developed a solution that transformed what was seen as a multi-month process into a one-week fix. Thanks to her swift and decisive action, the deal is on track to close on time with no interruption to our client's operations. This success not only secured a win for our client but also prompted additional requests for BMD’s guidance on related matters, reflecting the trust we build through results.

Uncovering Critical Details

In a separate deal, our firm served as local counsel for an out-of-state, private equity-backed buyer. Our role was to focus on specific state licensure issues. However, Tracy's meticulous review and sharp eye for detail went far beyond the scope of our initial engagement.

Her thorough investigation uncovered several critical issues, including trademark, licensure, and corporate status concerns. By discovering these issues early, Tracy enabled our team to provide the client’s General Counsel with necessary guidance and innovative solutions, preventing potential challenges later in the process. The client's appreciation for our comprehensive approach highlights the value of having a dedicated and knowledgeable team.

Tracy’s contributions on both complex deals are a perfect example of how our team works together to deliver exceptional results. Her proactive mindset and attention to detail are invaluable to both our firm and our clients. We are proud to recognize Tracy for her outstanding work and celebrate these achievements!


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.

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.