Cannabis Startup 101: Which entity type is right for you?

David N. Feldman
David N. Feldman | Feldman Legal Advisors PLLC

David N. Feldman, Managing Partner of Feldman Legal Advisors PLLC, concentrates his law practice on corporate and securities law and mergers and acquisitions, as well as general representation of public and private companies, entrepreneurs, investors, and private equity and venture capital firms. Mr. Feldman also represents investors, social media sites, public and private issuers and applicants for grow and dispensary licenses in the emerging cannabis and psychedelics sectors.

On-Demand: October 18, 2024

2 hour CLE

Tuition: $195.00
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Program Summary

Most entrepreneurs starting a new business do not pay much attention to how to form an entity for the business, what type of entity makes the most sense, factors to be considered in that decision, and how to manage founder equity, corporate governance, capitalization, fundraising and related issues following formation. Business owners in the cannabis industry face the same questions, with the added overlays of the continued federal illegality of cannabis, the disparate tax treatment of some of these companies, the unique banking challenges facing the industry and burdens of state regulation where cannabis has been legalized for medical or recreational purposes. This CLE, led by prominent cannabis corporate counsel David Feldman, will review the unique challenges faced in starting a new cannabis business and provides practical guidance on how to navigate these issues and decision trees.

Key topics to be discussed:

  • What are the pros and cons of different entity choices?
  • What regulatory considerations in cannabis impact on these decisions?
  • What ownership and compliance questions need to be addressed upon and following formation?
  • How are governance decisions different in the cannabis industry?

Closed-captioning available

Speakers

David N. Feldman_ Feldman Legal Advisors, PLLC._myLawCLEDavid N. Feldman | Feldman Legal Advisors PLLC 

David N. Feldman, Managing Partner of Feldman Legal Advisors PLLC, concentrates his law practice on corporate and securities law and mergers and acquisitions, as well as general representation of public and private companies, entrepreneurs, investors, and private equity and venture capital firms. Mr. Feldman also represents investors, social media sites, public and private issuers and applicants for grow and dispensary licenses in the emerging cannabis and psychedelics sectors. The global guide Chambers & Partners has ranked Mr. Feldman as a leading US attorney in cannabis law for the last five years.

In addition the National Law Journal named him a “Cannabis Law Trailblazer” and Business Insider named him as a top lawyer in the cannabis industry. He provides guidance on private placements, public offerings, mergers and acquisitions, loan structuring and fund formation for cannabis and psychedelics companies, as well as corporate structuring advice and applications for grow, processing and dispensary licenses. He also advises on risk assessment issues for large, multinational businesses seeking to enter the cannabis industry. Mr. Feldman is the former team lead of an AmLaw 100 firm’s 60+ attorney Cannabis Industry Group.

Mr. Feldman also advises emerging growth companies in a variety of industries with regard to alternatives to traditional financing through initial public offerings, and he is considered an authority on public offerings through SEC Regulation A+. He published a book on that subject, called Regulation A+ and Other Alternatives to a Traditional IPO (John Wiley & Sons), in 2018, and three other books on finance and entrepreneurship prior to that.

A graduate of the Wharton School of Business and the University of Pennsylvania Law School, David also is a partner in Skip Intro Advisors, LLC, a cannabis and psychedelics consulting firm focused on strategic advisory, financial consulting, branding and technology.

Agenda

I. What are the pros and cons of different entity choices? | 1:00pm – 1:30pm

II. What regulatory considerations in cannabis impact on these decisions? | 1:30pm – 2:00pm

Break | 2:00pm – 2:10pm

III. What ownership and compliance questions need to be addressed upon and following formation? | 2:10pm – 2:40pm

IV. How are governance decisions different in the cannabis industry? | 2:40pm – 3:10pm

Credits

Alaska

Approved for CLE Credits
2 General

Our programs are CLE-eligible through Alaska's recognition of multi-jurisdictional reciprocity.
Alabama

Pending CLE Approval
2 General

Arkansas

Approved for CLE Credits
2 General

Arizona

Approved for CLE Credits
2 General

California

Approved for CLE Credits
2 General

Colorado

Pending CLE Approval
2 General

Connecticut

Approved for CLE Credits
2 General

District of Columbia

No MCLE Required
2 General Hours

Delaware

Pending CLE Approval
2 General

Florida

Approved via Attorney Submission
2.5 General Hours

Receive CLE credit in Florida via Attorney Submission.
Georgia

Approved for CLE Credits
2 General

Hawaii

Approved for CLE Credits
2.4 General

Iowa

Pending CLE Approval
2 General

Idaho

Pending CLE Approval
2 General

Illinois

Pending CLE Approval
2 General

Indiana

Pending CLE Approval
2 General

Kansas

Pending CLE Approval
2 Substantive

Kentucky

Pending CLE Approval
2 General

Louisiana

Pending CLE Approval
2 General

Massachusetts

No MCLE Required
2 General Hours

Maryland

No MCLE Required
2 General Hours

Maine

Pending CLE Approval
2 General

Michigan

No MCLE Required
2 General Hours

Minnesota

Approved for Self-Study Credits
2 General

Missouri

Approved for CLE Credits
2.4 General

Mississippi

Pending CLE Approval
2 General

Montana

Pending CLE Approval
2 General

North Carolina

Pending CLE Approval
2 General

North Dakota

Approved for CLE Credits
2 General

Our programs are CLE-eligible through North Dakota’s recognition of multi-jurisdictional reciprocity. Section 1, Policy 1.14
Nebraska

Pending CLE Approval
2 General

The Federal Bar Association reports attendance to Nebraska on each attorney's behalf for all programs. Please do not self-report.
New Hampshire

Approved for CLE Credits
120 General Minutes

As of July 1, 2014, the NHMCLE Board no longer provides pre- or post-approval of courses. Attendees must self-determine whether a program is eligible for credit, and self-report their attendance online at www.nhbar.org, based on qualification provisions of Rule 53.
New Jersey

Approved for CLE Credits
2.4 General

Our programs are CLE-eligible through New Jersey's recognition of multi-jurisdictional reciprocity, except for the courses required under BCLE Reg. 201:2
New Mexico

Approved for Self-Study Credits
2 General

Nevada

Pending CLE Approval
2 General

New York

Approved for CLE Credits
2.4 General

Our programs are CLE-eligible through New York’s Approved Jurisdiction Group “B”.
Ohio

Pending CLE Approval
2 General

Oklahoma

Pending CLE Approval
2.5 General

Oregon

Pending CLE Approval
2 General

Pennsylvania

Approved for Self-Study Credits
2 General

Rhode Island

Pending CLE Approval
2.5 General

South Carolina

Pending CLE Approval
2 General

South Dakota

No MCLE Required
2 General Hours

Tennessee

Approved for Self-Study Credits
2 General

Texas

Approved for CLE Credits
2 General

Utah

Pending CLE Approval
2 General

Virginia

Not Eligible
2 General Hours Hours

Vermont

Approved for CLE Credits
2 General

Washington

Approved via Attorney Submission
2 Law and Legal Hours

Receive CLE credit in Washington via Attorney Submission. myLawCLE will supply Washington state attorneys with instructions on how to gain credit.
Wisconsin

Pending CLE Approval
2.4 General

West Virginia

Pending CLE Approval
2.4 General

Wyoming

Pending CLE Approval
2 General

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