Mainstreaming Cannabis: Real Estate and Valuation

April 25, 2024 | Webinar | Duane Morris LLP

Webinar Replay

The Duane Morris Cannabis Industry Group, the American Trade Association for Cannabis and Hemp and Centri Business Consulting presented Mainstreaming Cannabis: Real Estate and Valuation on Thursday, April 25, 2024, from 12:00 p.m. to 1:00 p.m. Eastern.

About the Program

As with any type of business, the cannabis industry faces real estate concerns ‒ but with particular lease-related issues unique to the field. Facilities for the cultivation, manufacturing and distribution of cannabis and cannabis products are important not only to cannabis operators, but also investors and landlords, all of whom face federal, state and local regulations that can vary by location. Our panel will discuss the interplay between state and federal laws as it relates to cannabis regulations and implications for real estate transactions, including: 

• Due Diligence Considerations When Investing in the Cannabis Space
  • Risk of forfeiture and land use/zoning issues
• Leasing Issues
  • Tenant’s perspective: specific provisions and compliance, renewal issues, terms of lease
  • Landlord’s perspective: specific-use provisions with tenant; utility consumption; environmental concerns; potential scrutiny under FinCEN
• Cannabis Company Valuations 
  • The implications of company location and real estate holdings on the transaction

Moderator

Seth A. Goldberg, Partner, Duane Morris LLP

Presenters

Brad A. Molotsky, Partner, Duane Morris LLP 

N. Gordon Knox, Partner, Duane Morris LLP

Gerald Cullins, Partner and Valuation Practice Leader, Centri Business Consulting LLC

About the Mainstreaming Cannabis Webinars

These webinar programs will cover various topics affecting the cannabis industry in 2024, including real estate, employment, tax, trademark and branding and more. The session will review implications of the possible rescheduling of cannabis from a state and federal level and across other industries.

About the Duane Morris Cannabis Industry Group

Duane Morris attorneys in offices throughout the U.S. and internationally have extensive experience with the wide array of issues attendant to legal cannabis business activities, including licensing for cultivation, processing and dispensing; litigation; banking and finance; raising and deploying capital; mergers and acquisitions; protecting intellectual property; real estate development; public company representation and SEC filings; land use and zoning; healthcare and research; taxation; and cross-border transactions. In addition to advising participants in the medical and adult-use cannabis and hemp/CBD industries, as the industry has grown, Duane Morris attorneys experienced in cannabis-related issues frequently advise clients in other sectors whose businesses intersect with the expanding regulated cannabis sector.

About ATACH

The American Trade Association for Cannabis and Hemp (ATACH) is a 501(c)(6) trade organization founded to promote the expansion, protection and preservation of businesses engaged in the legal trade of industrial, medical and recreational cannabis and hemp based products. ATACH is ushering in the next phase of marketplace expansion by providing a bridge from the cannabis industry to mainstream, name brand, businesses who will be partners in advancing the industry and ending prohibition. The organization is playing a leading role in professionalizing industry representation and facilitating the next generation of the marketplace.

About Centri Business Consulting

Centri Business Consulting is dedicated to providing the highest quality consulting services to its clients by being reliable and responsive to their needs. Centri provides companies with the expertise they need to meet their reporting demands. From complex technical accounting transactions to periodic financial reporting, Centri’s professionals can offer any organization the specialized expertise and multilayered skillsets to ensure the project is completed timely and accurately.