Negotiating Financing and Investment in Cannabis

Charles Alovisetti
Charles Alovisetti | Vicente LLP

Charlie Alovisetti is a partner and chair of the corporate department at leading national cannabis law firm Vicente LLP.

On-Demand: December 12, 2024

2 hour CLE

On-Demand Video

Receive access to recorded class and earn self-study credit. Recording is made available 5 business days after live broadcast.

Program Summary

Raising capital for cannabis companies remains one of the most critical and challenging aspects of operating in this rapidly evolving industry; in addition to all companies' conventional legal and business hurdles when fundraising, cannabis enterprises must navigate an intricate web of federal, state, and local regulations that can significantly impact debt and equity financing. Success in closing cannabis industry transactions requires traditional securities law expertise and a nuanced understanding of specific regulatory requirements, including limitations on ownership structure, mandatory disclosures, and complex compliance obligations. This presentation will provide practical guidance on identifying and addressing these unique challenges while implementing effective strategies for successful capital formation in the cannabis sector.

Key topics to be discussed:

  • Due Diligence for Debt and Equity Raises
  • Structuring Debt Investments in The Cannabis Industry
  • Bankruptcy And Receiverships in Cannabis
  • Structuring Equity Raises in The Cannabis Industry
  • Special Considerations for Social Equity Licenses
  • Intoxicating Hemp Transactions and How They Differ from Cannabis Raises

Closed-captioning available

Speakers

Charles Alovisetti_myLawCLECharles Alovisetti | Vicente LLP

Charlie Alovisetti is a partner and chair of the corporate department at leading national cannabis law firm Vicente LLP. Recognized by Chambers & Partners as one of the top cannabis lawyers in the United States, he is also co author of The Business of Cannabis: Understanding Law, Finance, and Governance in America’s Newest Industry.

Charlie advises investors, companies, and other law firms on the nuances of executing corporate transactions involving licensed and ancillary cannabis companies. With experience working on licensed transactions in all major cannabis markets in the United States, he has a deep understanding of the state and local issues that commonly arise in stock and asset acquisitions and issues involved in management companies and other alternative structures. This experience and knowledge make him a vital resource for cannabis businesses and investors. Charlie also has experience counseling portfolio and emerging growth companies with respect to general corporate and commercial matters and compensation arrangements.

Recognized as a thought leader and experienced practitioner in the areas of cannabis M&A and financings, Charlie is an author, a frequent speaker at conferences, webinars and podcasts, and has participated in a number of working groups in Colorado related to the cannabis industry.

Agenda

I. Due Diligence for Debt and Equity Raises | 2:00pm – 2:20pm

II. Structuring Debt Investments in The Cannabis Industry | 2:20pm – 2:40pm

III. Bankruptcy And Receiverships in Cannabis | 2:40pm – 3:00pm

Break | 3:00pm – 3:10pm

IV. Structuring Equity Raises in The Cannabis Industry | 3:10pm – 3:30pm

V. Special Considerations for Social Equity Licenses | 3:30pm – 3:50pm

VI. Intoxicating Hemp Transactions and How They Differ from Cannabis Raises | 3:50pm – 4:10pm

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

Approved for Self-Study Credits
2 General

Connecticut

Approved for CLE Credits
2 General

District of Columbia

No MCLE Required
2 CLE 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 CLE Hours

Maryland

No MCLE Required
2 CLE Hours

Maine

Pending CLE Approval
2 General

Michigan

No MCLE Required
2 CLE Hours

Minnesota

Approved for Self-Study Credits
2 General

Missouri

Approved for Self-Study Credits
2.4 General

Mississippi

Approved for Self-Study Credits
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

myLawCLE 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 CLE 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

Vermont

Approved for CLE Credits
2 General

Washington

Approved via Attorney Submission
2 Law & Legal Hours

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

Approved for Self-Study Credits
2 General

West Virginia

Pending CLE Approval
2.4 General

Wyoming

Pending CLE Approval
2 General

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