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Financial Implications of Cannabis-Related Businesses

Level: Advanced
Runtime: 61 minutes
Recorded Date: April 20, 2022
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  • Internal Governance: Covering common issues in governance such as the lack of governance procedures, lack of transparency as well as best practices
  • Taxation: Including a discussion of IRC Section 280E
  • Banking and Finance: Discussion of the Financial Crimes Enforcement Network’s Guidance on banking and reporting requirements as well as the “red flags” that may indicate that a business may be engaged in activity that violates state law
Runtime: 1 hour, 1 minute
Recorded: April 20, 2022

For NY - Difficulty Level: For experienced attorneys only (non-transitional)


As marijuana legalization grows, state-by-state, more and more financial considerations arise. Given the ever-evolving nature of the cannabis industry, it is important that any cannabis-related business or anyone supporting or financing a related business stay on top of the latest financial and tax implications of the industry.

This program was recorded by National Underwriter on April 20th, 2022.

Provided By

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Prof. Franklin G. Snyder

Professor of Law
Texas A&M University School of Law

Franklin G. Snyder is a Professor of Law at Texas A&M University School of Law, where he teaches Contracts, Business Associations, Business Fundamentals, and a seminar in Marijuana Law, Policy, and Business. He is the creator of the International Conference on Contracts (the largest annual conference devoted to contract law and pedagogy) and ContractsProf Blog, the blog of the Section on Contracts of the Association of American Law Schools.

Before he entered teaching, he was a partner in the Washington, D.C., office of Latham & Watkins, where he represented a range of high-tech clients in litigation and transactions. He earned his J.D. at the University of Missouri-Columbia School of Law, and served as law clerk to the Hon. George E. MacKinnon on the U.S. Court of Appeals for the D.C. Circuit. He later earned an LL.M. in Legal Education from the Temple University School of Law, and he has taught as a visiting professor at the law schools of Notre Dame and the University of Idaho. He is co-author of the casebook American Contract Law for a Global Age and three concise hornbooks for West Publishing, Principles of Sales Law, Principles of Secured Transactions, and Principles of Payment Systems, and is one of the revisers of the forthcoming new edition of White & Summers Uniform Commercial Code. His scholarly articles have appeared in a variety of law journals, including the William & Mary Law Review, the Ohio State Law Journal, and the American University Law Review.

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