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Out of the Shadows - Cannabis Going Mainstream

Blog Post
November 21, 2023

 

The following text is an excerpt from the Akron Beacon Journal, published on November 17, 2023: 

Stephen Lenn of Akron law firm Brennan Manna Diamond discusses business opportunities for people investing or operating in Ohio's marijuana market.

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

The discussion was also broadcast on NPR's WKSU on November 23, 2023. Read their comments here.

See the full transcript of Steve's remarks here.

Cannabis industryCannabis LawStephen A. LennAkron Roundtable
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

Another Big Move Out of the Shadows; First Citizens Bank, the nation’s 19th largest, poised to enter the Cannabis Market

February 20, 2024A 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.Blog Post

A Closer Look at Cannabis

December 8, 2023At 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.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.
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