NCIA’s #IndustryEssentials webinars are our weekly educational series featuring a variety of programs allowing us to provide you timely, engaging and essential education when you need it most. The NCIA Committee Insights series showcases content produced in partnership with one of our 15 member-led committees.
This edition of our Committee Insights series was produced in partnership with the International Cannabis Bar Association and hosted by NCIA’s Risk Management and Insurance committee on Thursday, August 24.
Download a .PDF of the presentation here: http://bit.ly/2KafClM
Federal courts have increasingly ruled on disputes arising out of the cannabis industry and judges have applied federal statutes to cannabis-related matters. Although federal policy regarding enforcement of the Controlled Substances Act has shown ambivalence where the possession and distribution of marijuana is consistent with well-regulated state law, many federal courts take a nuanced but strict position with respect to enforcement of cannabis-related contracts and other rights.
A federal judge in Nevada has recently issued a ruling that calls into question the ability to enforce cannabis-related contracts in federal courts. A panel of experts will examine how this case compares to other federal and state cases examining this question and what impact these cases may have on how cannabis deal-making gets done as well as best-practices to mitigate the risk of non-enforcement.
Ad Astra Law Group, LLP
Horst Legal Counsel