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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!


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.

Celebration of Asian American and Pacific Islander Heritage Month

In recognition of Asian American and Pacific Islander Heritage Month (AAPI Heritage Month), Brennan Manna and Diamond is proud to recognize the contributions and achievements of our AAPI members.

Fluresh Cannabis’ Bank Loan: Moving Into the Mainstream

The announcement by Fluresh, a vertically integrated Michigan based cannabis business, of the closing of loans from a federally insured commercial bank totaling almost $50 million represents an important landmark for both Fluresh and the cannabis industry writ large. For Fluresh, perhaps as important as the bottom-line benefits of lower cost financing, the fact that its operations and financials passed muster with a substantial commercial bank can be regarded as an important rite of passage. For the industry, it reflects its inexorable movement out of the shadows and into the mainstream. This substantiates the view that, whether or not any of pending the federal legislation is enacted, bank lending to the cannabis industry will continue to accelerate.

Out of the Shadows | An Investor Summit Recap

After a COVID hiatus of more than 2 years, I rejoined the institutional cannabis investment speaker circuit, offering the closing remarks at the Kahner Global Cannabis Private Investment Summit in Coral Gables, Florida. My remarks addressed how banking developments are increasingly impacting cannabis investment, operating and financial strategies and decisions, for both plant touching and the growing array of ancillary businesses serving the industry.