Lending to Marijuana Businesses

$195.00

Re-Broadcast on December 6, 2017

Attorney Richard Ormond will discuss specific laws, regulations, recent legislation and requirements that surround commercial lending to marijuana businesses. Attorneys will walk away with a grasp of the ins and outs of this niche industry and knowledge as to how to overcome common obstacles that frequently arise.

This course is co-sponsored by Wolters Kluwer.

Key topics to be discussed:

•   How the Controlled Substances Act Affects the Marijuana Industry's Access to Banking
•   State Legalization vs. Federal Drug Laws
•   Credit Risks for Banks That Want to Provide Services in This Area
•   Interpreting the Department of Justice's Memoranda
•   Current Regulatory Structure for Banks
•   FinCEN Guidance: Due Diligence, Risk Assessment Mandates for Financial Institutions, and Required Reporting
•   Why Don't We Have a Marijuana Bank? Industry Concentration and Safety and Soundness Considerations
•   Update on Federal Legislation
•   Update on Selected States

Date / Time: December 6, 2017

•  2:00 pm – 4:00 pm Eastern
•  1:00 pm – 3:00 pm Central
•  12:00 pm – 2:00 pm Mountain
•  11:00 am – 1:00 pm Pacific

Choose a format:

•  Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
•  On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.

All Access Pass: Before you buy, access this class and all other myLawCLE programs, over 120 new live classes every year, for only $69 dollars per month. Purchase the All Access Pass first. Click here for more information.

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Re-Broadcast on December 6, 2017

Richard P. Ormond, Esq. is a shareholder with Buchalter APC. His practice experience includes receivers, provisional directors and other remedies, commercial real estate solutions, commercial, corporate and business solutions, litigation, and alternatives to bankruptcy, including assignments for the benefit of creditors intellectual property and technology related issues. Mr. Ormond has tried cases before the Los Angeles Superior Court; the U.S. District Court, Central District of California; and the Bankruptcy Court of the U.S. District Court, and he has arbitrated before JAMS, Alternative Dispute Resolution, and the American Arbitration Association. He serves as the current chair of the California Receivers Forum and he is the former chair of the Remedies Division of the Los Angeles County Bar Association. He teaches continuing legal education courses on high-yield debt issues, cannabis business law, receivership law and practice, dispute resolution, intellectual property issues, considerations for complex litigation and lender security in intellectual property. Mr. Ormond was recognized as one of L.A.’s Top 100 Lawyers by the Los Angeles Business Journal. He was recognized by Super Lawyer Magazine as a Super Lawyer Rising Star or a Super Lawyer every year from 2002 to 2016. Mr. Ormond earned his undergraduate degree from the University of California, Los Angeles and his J.D. degree from the University of San Diego School of Law. He also earned a certification in international business law from the University of Buenos Aires/University of Belgrano in Argentina.

CLE Accreditation:
mylawCLE seeks approval in all states.

CLE 2.00 – AK
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CLE 2.00 – CA
CLE 2.40 – CO
CLE 2.00 – DE
CLE 2.40 – FL
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CLE 2.00 – HI

CLE 2.00 – IA
CLE 2.00 – ID
CLE 2.00 – IL
CLE 2.00 – IN
CLE 2.00 – KS
CLE 2.00 – KY
CLE 2.00 – LA
CLE 2.00 – ME
CLE 2.00 – MN
CLE 2.40 – MO

CLE 2.00 – MP
CLE 2.00 – MS
CLE 2.00 – MT
CLE 2.00 – NC
CLE 2.00 – ND
CLE 2.00 – NE
CLE 2.00 – NH
CLE 2.40 – NJ
CLE 2.00 – NM
CLE 2.00 – NV

CLE 2.40 – NY
CLE 2.00 – OH
CLE 2.40 – OK
CLE 2.00 – OR
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CLE 2.00 – PR
CLE 2.40 – RI
CLE 2.00 – SC
CLE 2.00 – TN
CLE 2.00 – TX

CLE 2.00 – UT
CLE 2.00 – VA
CLE 2.40 – VI
CLE 2.00 – VT
CLE 2.00 – WA
CLE 2.40 – WI
CLE 2.40 – WV
CLE 2.00 – WY

Accreditation Policy
myLawCLE will seek credit where attending attorneys are primarily licensed for all of its live webinars and live teleconferences, except in states which allow for reciprocity (see reciprocity section below). Credit for CLE in a self-study format is sought for in most states; however, some states do not allow for CLE credit to be earned in a self-study format (see the self-study section below). Many states typically decide whether a program qualifies for MCLE credit in their jurisdiction 4-8 weeks after the program application is submitted. For many live events, credit approval is not received prior to the program. Credit hours granted are subject to approval from each state.

Reciprocity
Additionally, some states allow for credit to be granted on a 1:1 reciprocal basis for courses approved in another mandatory CLE jurisdiction state. This is known as a reciprocity provision and includes the following states: AK, AR, CO, FL, ME, MT, ND, NH, NJ, NY, PR, and SD. myLawCLE does not seek direct accreditation of live webinars or teleconferences in these states.

On-demand CLE
myLawCLE will seek on-demand approval in all states except Virginia and Arkansas (outside reciprocal provisions stated above).


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myLawCLE offers a program and credit approval guarantee. If a registered attendee is unhappy with a CLE program they have attended, myLawCLE will offer that attended access to another complimentary CLE or a full refund in order to insure the attendee’s satisfaction.

Additionally, on all online CLE programs application for approval will be made in all states where attending attorneys are primarily licensed in. If a registered attorney does not receive credit from their state for any reason, a full refund will be granted.