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In this webinar we will go over the basics of business formation for cannabis businesses. This webinar will focus on issue spotting and going over the key considerations for cannabis business entities, including due diligence on partners, what type of structure best meets your clients' needs, the steps in formation and key documents, intellectual property considerations, and 280e considerations.
This program is eligible for 1 hours of General CLE credit in 60-minute states, and 1.2 hours of General CLE credit in 50-minute states. Credit hours are estimated and are subject to each state’s approval and credit rounding rules.
INCBA webinars are eligible for credit in the following states: AR, AL, AK, AZ, CA, CO, CT,DE, GA, HI, IL, IN, MN, MS, MO, NV, NH, NJ, NM, NY, NC, ND, OH, OR, PA, TN, TX, UT, VT, WV, and WI . Additional states may be available for credit upon self-application by attendees. 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.
INCBA on demand programs are eligible for credit in the following states: AR, AL, AK, AZ, CA, CO, CT,DE, GA, HI, IL, IN, MN, MS, MO, NV, NH, NJ, NM, NY, NC, ND, OH, OR, PA, TN, TX, UT, VT, WV, and WI . Additional states may be available for credit upon self-application by attendees. States typically decide whether a program qualifies for MCLE credit in their jurisdiction 4-8 weeks after the program application is submitted.
For current accreditation status, please select your jurisdiction below.
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Megan Sheehan is the owner of Sheehan & Associates Law, a boutique firm in Lexington, MA and Barrington, RI. Megan represents small to mid sized cannabis businesses, both plant touching and ancillary, providing services for business formation, contracts, commercial leases, capital raising, and mergers and acquisitions. Megan's firm is truly a family business- she practices with her mother and her two brothers also work at the firm. Before having her second career as a lawyer, Megan worked in operations for small businesses and non-profits. Megan also has a strong background in community organizing and activism, having worked with community radio stations and in healthcare organizing. Megan received her BA from Macalester College in St. Paul, MN, and her JD from Vermont Law School. Megan enjoys reading fiction, biking, hanging with her son and husband, and swimming.
A leading cannabis-focused lawyer, Rachel helps clients nationwide proactively plan and implement strategies to capitalize on strategic business opportunities.
At the vanguard of the marijuana industry, Rachel leverages more than a decade of experience guiding clients to establish, expand, and protect profitable businesses in a rapidly-evolving legal, regulatory, and financial environment.
From years of interacting with regulators and taxing authorities Rachel knows how state and local provisions will be applied in practice and what clients can anticipate at every step of the licensing process and beyond. She vigorously protects clients’ interests in tax audits and deficiency assessments at the state and local level, as well as IRC §280E adjustments.
Clients value Rachel’s ability to distill complex, often overwhelming information, into a prioritized plan of action. As a strategic advisor, she helps clients prepare and get positioned to seize opportunities, like starting operations in newly legalized states, scale businesses into multiple jurisdictions, or launch new brands and products.
Rachel’s clients range from individual entrepreneurs and investors, to start-ups to publicly traded companies with operations in one or multiple states in cannabis and cannabis-adjacent businesses. Domestic and international entities exploring cannabis business opportunities turn to Rachel for pragmatic, industry-savvy counsel as they evaluate potential options. Rachel also serves as an expert witness on legal and regulatory issues involving hemp, marijuana, CBD, and other cannabinoids.
Before she joined Holland & Hart, Rachel was a partner at Greenspoon Marder, serving as Chair of the firm’s Cannabis Law practice and as a member of the Management Committee.
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