Summer Cannabis (Law) Series: Practical Advice for Representing Clients in the Sale and Lease of Real Estate for Cannabis Use

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Summer Cannabis (Law) Series: Practical Advice for Representing Clients in the Sale and Lease of Real Estate for Cannabis Use

Real Property Law Section

Credit(s):

1.25 Participatory MCLE Credits

Course Number:

RP_Summer Cannabis_2021_03

Original Program Date:

August 5, 2021

Duration:

1 hour 18 minutes

Access:

Available for 3 months after Registration

Passport:

This product is Passport Eligible

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Category: Real Property Law

Category: Real Property Law (show less)

Whether property is currently being used for cannabis purposes or in intended to be used for such purposes, and whether the property is for sale or lease, the unique nature of the cannabis industry means that lawyers will inevitably be called upon to consult on a plethora of legal issues. Attend this presentation to learn what you know, and more importantly, what you don’t, and how to issue spot and advise your clients effectively. What types of clauses should a landlord or tenant include? What difference does it make if the property is/to be used for retail, wholesale or manufacturing purposes? What type of activity is government regulation directed at? How does the cash nature of the business impact financial statements, tax reporting requirements, payroll, banking, security, business valuation, accounts payable, and, in the case of a purchase, financing? Does cannabis’ federal status impact title insurance, transfer of title or business operations? Is cannabis completely legal in California or limited based on medical use, or something else? May local government exercise any degree of authority over cannabis properties or has the field been preempted by State law? What is the status of tenant improvements or buildouts? What disclosure or other obligations do brokers have when involved in the sale/lease? These are but a few of the issues that will help you decide which specialty cannabis panels to attend on Saturday.

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