William Tolin Gay is a corporate law partner in the Los Angeles office of Wilson Elser Moskowitz Edelman & Dicker. He graduated from the University of Washington, where he received his J.D. in 1982, his MBA in 1983 and his LL.M. in Japanese law in 1984.
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Join our experienced attorney as he provides an overview of the legal environment of the cannabis industry, with a focus on formation issues, scope of activity, security interests and foreclosures, tax issues, insurance, banking, private financing, officer/director liability, ultra vires, advisory boards, and foreign investors. Will examine Controlled Substances Act and state laws, analyze corporate law issues for each stage of the process from grow facility to retail sale, and explore the insurance and private placement risks involved in the industry. Additionally, the program will explore the refusal of banks to take cannabis customers, the lack of deductions for business expenses, and the immigration issues related to foreign investors.
Key topics to be discussed:
Date / Time: April 14, 2023
Closed-captioning available
William Tolin Gay | Wilson Elser Moskowitz Edelman & Dicker
William Tolin Gay is a corporate law partner in the Los Angeles office of Wilson Elser Moskowitz Edelman & Dicker. He graduated from the University of Washington, where he received his J.D. in 1982, his MBA in 1983 and his LL.M. in Japanese law in 1984.
From 1984 to 1988, he practiced law in Tokyo, where he represented U.S. companies in their Japanese operations, and Japanese issuers and underwriters in Eurobond securities issues. He speaks and reads Japanese.
Since 1988, he has worked in Southern California, where his practice focuses on corporate governance, mergers and acquisitions, corporate finance, immigrant investors and technology transfers. He is a California certified mediator. He recently took a small wind power company public in the U.S., and has represented a gold mining company with operations in Colombia, a Major League Baseball player from Japan, a high end audio manufacturer in Japan, the Government of Mongolia in its wind power and water purification initiatives, a Japanese pachinko company in its investment in a casino and hotel in Las Vegas, and the Casamigos tequila company in its sale to Diageo.
He is currently a member and Chief Financial Officer of the Executive Committee of the International Law Section, and has served on the Executive Committee of the Business Law Section of the State Bar of California, and is a former Chair of its Committee on Cyberspace Law, as well as a former Board Member and President of the Corporate and Business Law Section of the Orange County Bar Association, and has served on the International and Software & Technology Committees of the Orange County chapter of the AEA. He has been selected for inclusion in The Best Lawyers in America© for 2006 through 2020. In 2009 he was named the Best Lawyers “Lawyer of the Year” for Corporate Law in Orange County, and in 2013 he received the same honor in the field of Corporate Governance, and in 2015 for Mergers and Acquisitions.
I. Legal Environment | 2:00pm – 2:10pm
II. Formation Issues | 2:10pm – 2:20pm
III. Scope of Activity: grow facility – harvesting – extraction – testing – distribution – retail sale | 2:20pm – 2:30pm
IV. Security Interests and Foreclosures | 2:30pm – 2:35pm
V. Tax Issues | 2:35pm – 2:40pm
VI. Insurance | 2:40pm – 2:45pm
VII. Banking | 2:45pm – 2:55pm
VIII. Private Financing | 2:55pm – 3:00pm
Break | 3:00pm – 3:10pm
IX. Officer/Director Liability | 3:10pm – 3:20pm
X. Ultra Vires | 3:20pm – 3:30pm
XI. Foreign Investors | 3:30pm – 3:40pm