Seeing Green? A look at Marijuana Law and Surety Bonds
Recorded On: 02/21/2018
Although not permitted under federal law Medical and/or recreational marijuana is legal in many US states, and several require businesses, such as marijuana dispensaries and growers, to obtain surety bonds. These bonds have been difficult to place, and many surety bond companies have been hesitant to enter into this new business line. With US Attorney General Jeff Sessions’ recent announcement that the Federal Government intends to end the policy of federal non-enforcement, what consequences might that entail for marijuana businesses and those that furnish them with surety credit? During this session, the presenters will take a look at current federal laws and policies and recent policy shifts on marijuana and how this relates to lenders, sureties and bond producers that are working with marijuana-related businesses in states where it is legal.
Shareholder, The Hustead Law Firm
Connor Cantrell is a Shareholder at The Hustead Law Firm, a boutique commercial litigation firm based in Denver, Colorado with emphases in insurance and surety-related litigation of all kinds. Connor graduated from Murray State University, B.A. with Honors in 2004 and the University of Denver Sturm College of Law, J.D. in 2007. Connor is licensed in state and federal courts in Colorado, New Mexico, and Utah and has been admitted pro hac vice in several other jurisdictions throughout the Rocky Mountain Region.
Connor has a wide-ranging practice, with a primary focus in surety and first-party insurance disputes and litigation. Connor has authored or contributed to several national publications, including articles for the American Bar Association, Defense Research Institute, Appleman on Insurance, and several others. Connor is an active member of the American Bar Association, state and local bar associations, the William E. Doyle Inn of Court, and the Rocky Mountain Surety Association.
Seth A. Goldberg
Partner, Duane Morris LLP
Seth A. Goldberg is a partner in the Philadelphia office of Duane Morris, where he counsels clients in business and litigation, with a particular emphasis in highly-regulated industries, such as healthcare, pharmaceuticals and cannabis/hemp. Companies, directors, and individuals involved in antitrust, commercial litigation, regulatory actions and securities matters rely on Mr. Goldberg's extensive experience with complex legal and business issues and his strategic decision-making to guide them toward optimal results. As an active, seasoned trial lawyer, who regularly appears in federal and state courts, arbitral forums, and before federal and state regulatory agencies, including the SEC, FTC and state attorneys general, Mr. Goldberg has become a go-to lawyer in high-stakes cases and corporate investigations. In addition, Mr. Goldberg's unique experience in highly-regulated markets, combined with his entrepreneurial interests, has led to his involvement with the emerging cannabis and hemp industries. In these markets he advises core and ancillary cannabis and hemp companies, including growers, processors, dispensaries, and infused-product manufacturers, real estate developers, universities and university research centers, raw materials companies, and investors in a wide array of regulatory and business matters pertaining to their legal marijuana activities. His leadership in the cannabis and hemp spaces has resulted in Mr. Goldberg's role as head of the Duane Morris’ multidisciplinary cannabis practice, which is comprised of dozens of lawyers spanning the firm's numerous practice areas.