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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!


Invitation to Banks & Family Office/Ultra-high Net Worth Investors Exploring Cannabis Lending to Join Our Informal Institutional Cannabis Lenders Community

An update on the latest developments in the cannabis banking/lending space by subject matter expert, BMD Scottsdale/Phoenix Office Managing Partner Stephen Lenn

Community Banks: Collaboration, not isolation, is the key to protecting/ enhancing the cannabis business you pioneered

As we prepare for the plenary session of the informal institutional cannabis lenders community announced in my previous article, I am pleased to advise that participants now include 5 of the best-known dedicated loan funds; a select group of commercial banks ranging in size from single state community banks to mid-size regionals making cannabis loans into the mid-8 figures; and, a syndicator of credit union cannabis loans.

Non-compete Agreements are Under Fire: What Employers Need to Know

Non-compete agreements are an ongoing topic of dispute. Employers and their advocates point to the efficacy of non-competes in protecting proprietary information. Employees and their advocates argue about worker mobility and that employers unduly burden workers’ ability to seek better jobs. The Biden administration has put forth its position, and state legislatures have introduced bills addressing the enforceability of non-competes. Here is what you need to know:

BMD’s Jason Butterworth Quietly Engineers Some of Akron’s Most Impactful Projects

Jason Butterworth, a team member of BMD’s Business & Corporate practice, focuses his practice on finance, real estate, and tax credit law.

Explosive Growth in Pot of Gold Opportunity for Bank (and Other) Cannabis Lenders Driving Erosion of the Barriers

Our original article on bank lending to the cannabis industry anticipated that the convergence of interest between banks and the cannabis industry would draw more and larger banks to the industry. Banks were awash in liquidity with limited deployment options, while bankable cannabis businesses had rapidly growing needs for more and lower cost credit. Since then, the pot of gold opportunity for banks to lend into the cannabis industry has grown exponentially due to a combination of market constraints on equity causing a dramatic shift to debt and the ever-increasing capital needs of one of the country’s fastest growing industries. At the same time, hurdles to entry of new banks are being systematically cleared as the yellow brick road to the cannabis industry’s access to the financial markets is being paved, brick by brick, by the progressively increasing number and size of banks that are now entering the market.