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On Demand

Hemp Franchising and the Future of the National Market


Average Rating:
   10
Bundle(s):
Hemp Symposium 2023 On-Demand Bundle
Categories:
Hemp |  Hemp Law
Faculty:
Caroline Fichter |  Kirsten Nordstrom |  Michael Levitz
Duration:
1 Hour
Format:
Audio and Video
SKU:
INCBA042823franchisingOD
License:
Access for 6 month(s) after purchase.



Description

The franchise business model offers hemp business owners the opportunity to grow their brand nationally while reducing their startup and operational costs. It offers prospective hemp franchisees the chance to own their own business while benefiting from an established brand and operational system. But a poorly created franchise system or an “accidental” franchise, can expose hemp businesses to the risk of regulatory investigation, litigation, and the loss of key IP such as trademarks and trade secrets. Conflicting state regulations and the lack of significant federal guidance makes franchising a hemp business even more complex.

This panel will discuss the risks and rewards of growing a hemp business through franchising versus other distribution models such as licensing, distributorships and commissioned sales agents. It will explore the patchwork of state franchise and business opportunity laws and unique challenges posed by the nature of the hemp industry.

Credits


General

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 generally eligible for credit in the following states: AR, AL, CA, CO, GA, HI, IL, NJ, NM, NY, ND, PA, TX, VT. 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.

The on-demand version of this webinar is eligible for credit in the following states: AR, AL, CA, CO, GA, HI, IL, NJ, NM, NY, ND, PA, TX, VT. Additional states may be available for credit upon self-application by attendees.

(Default credit disclaimer updated 02.08.2024)


For current accreditation status, please select your jurisdiction below.



Handouts

Faculty

Caroline Fichter's Profile

Caroline Fichter Related Seminars and Products

Partner

Bundy & Fichter, PLLC


Caroline Fichter is a partner at the Bundy & Fichter PLLC. She is passionate about helping small business owners because she’s a second-generation small business owner herself. She specializes in representing franchisees and franchisors in creating, managing, and exiting the franchise relationship.

Growing up with four siblings, Caroline learned early to be a vocal and tenacious advocate. She honed those skills as a prosecuting attorney where she learned to present her case clearly using plain English.  As a franchise attorney, she puts those skills to work for her franchise clients making complex legal ideas seem simple and offering straightforward legal advice.

On behalf of franchisees, she has helped prospective franchisees review franchise disclosure documents and franchise agreements, create business entities, and negotiate leases.  She has helped franchisees exit the franchise agreement.  At trial and in arbitrations, she has represented franchisees in claims for breach of contract, fraud, breach of duty of good faith and fair dealing, and franchise law violations. She has helped franchisees terminate their franchise agreements, get out of non-competes, return the franchises to the franchisor, and recover monetary damages. She has recovered more than ten million dollars of damages for defrauded franchisees.

On behalf of franchisors, she has helped franchisors draft franchise disclosure documents and franchise agreements. She has represented franchisors in disputes with state franchise examiners and in court including negotiating consent orders.  

In addition to representing franchisors, franchisees, and other small business owners, Caroline publishes and speaks extensively on franchise issues. She regularly presents at the American Bar Association Forum on Franchising and publishes in the Franchise Law Journal and the Franchise Lawyer. She is the Director of the Litigation and Alternative Dispute Resolution section of the American Bar Association Forum on Franchising and has previously served as the Director of the Small and Solo Committee.


Kirsten Nordstrom's Profile

Kirsten Nordstrom Related Seminars and Products

Associate Attorney

Garner, Ginsburg & Johnsen, P.A.


Kirsten is an associate at Garner, Ginsburg & Johnsen, P.A. Her practice focuses on franchise and distribution law.

Kirsten is a 2020 cum laude graduate of the University of Minnesota Law School, where she was the recipient of the Dean’s Distinguished Scholarship and the Lloyd Peterson Scholarship. During law school, Kirsten worked as a student attorney in the University’s Environmental and Energy Law Clinic and contributed to the Silha Bulletin, the quarterly publication of the Silha Center for the Study of Media Ethics and Law. She did her undergraduate work at Colorado State University, where she earned both a B.A. and a B.S. and was honored on the Dean’s List.


Michael Levitz's Profile

Michael Levitz Related Seminars and Products

Attorney

Drumm Law, LLC


Michael is an attorney with Drumm Law. Before joining the firm, he spent 21 years working for major food companies, Pillsbury, General Mills, Dreyer’s Grand Ice Cream, and most recently Nestlé. Michael is proud of the fact that he was hired as a contractor by Pillsbury in 1996 to support the Häagen-Dazs U.S. franchising business for two weeks; and ended up supporting that business as in-house counsel for more than two decades under various ownership structures. Before then Michael spent seven years with boutique construction litigation firms in Boston, during which time he was able to cross an item off his bucket list, being the obtaining of a favorable decision of first impression in United States Court of Appeals for the First Circuit. Michael is continuing much of the work he was doing as in-house counsel on an external basis, and routinely drafts commercial contracts related to product supply and distribution, including direct store delivery (DSD) distribution; and provides legal advice on franchise, distribution, licensing, dairy promotional law compliance, and various other commercial matters.

Michael obtained his law degree from New England School of Law, in Boston; and obtained a B.S. in Industrial Construction Management from Colorado State University. Michael is admitted to the state bars of Massachusetts, New York, and Minnesota. From time to time Michael has had the honor of being a speaker at the American Bar Association Forum on Franchising, and the International Franchise Association Legal Symposium.

Michael lives in Minnesota and is admitted to practice law in Massachusetts, Minnesota and New York.


Reviews

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Overall:      4.4

Total Reviews: 10