Cannabis: New Industry, New Challenges

Currently, 30 states and the District of Columbia have adopted some form of cannabis legalization, producing an estimated $9 billion in sales in 2017, making it one of the fastest growing industries in the U.S. This accelerated growth will find many new entrants grappling with differing state laws/regulatory structures, contradictory federal statutes, and navigating obscure banking and financial systems. This session will discuss the current trajectory of the industry, provide insight as to how growers and sellers operate their businesses in the current system, and the opportunities, challenges and risks for turnaround professionals, lenders and investors this emerging market creates.

Panelists:

Dan Garfield, McAllister Garfield, P.C.

Scott Moskol, Burns & Levinson LLP


scott_moskolScott Moskol of Burns Levinson is a partner, and co-chair of the firm's Financial Restructuring & Distressed Transactions and Cannabis Business Advisory practices, and a member of the Corporate, Finance, and Infrastructure & Public-Private Partnerships practices. He has developed a national platform representing and counseling clients with respect to all legal issues that may arise in restructurings, workouts, bankruptcies, receiverships and other insolvency-related matters. Scott’s practice also consists of advising clients with respect to the purchase and/or sale of distressed assets, companies and loan portfolios. Additionally, he has expertise advising private clients with respect to their public-private partnership relationships with the public sector. He also represents clients with respect to financings and lending transactions, as well as general corporate matters, sometimes serving as outside general counsel. Since 2013, Scott has been providing corporate counsel to clients in the cannabis industry. His nationwide base of clients in this growing practice includes investors, lenders, operators of cultivation and dispensary facilities, consultants and family offices. Scott is often retained for capital raises, structuring appropriate vehicles for investment in the industry, drafting operative documents, and for general business advice given his involvement as an executive team member of one of his operating entity clients. Prior to joining Burns & Levinson, he served as Vice President, Senior Asset Manager and Counsel for Capital Crossing, a division of Lehman Brothers Bank, F.S.B/Capital Crossing Servicing Company, LLC. He also managed all outstanding legal matters and cases for the nonperforming loans in the portfolio, which included assessing risk and cost of various options, and negotiating, resolving and restructuring the loans.

ConferenceAgenda

Tuesday, September 25  
3:00 - 6:00 p.m. Joint Executive Board/Board of Trustees Meeting*
Wednesday, September 26  
7:00 - 8:00 a.m. Golf Registration & Breakfast
8:00 a.m. - 1:00 p.m. TMA Golf Scramble**
Sponsored by Ritchie Bros.
Noon - 5:00 p.m. Registration Open
Sponsored by Hahn & Hessen
1:00 - 5:00 p.m. Attendee Lounge Open
1:00 - 2:30 p.m.
 
TMA NextGen
Community Service Activity
1:30 - 2:30 p.m.
 
Certification Oversight
Committee Meeting*
2:00 - 3:30 p.m. Chapter Presidents Council Meeting*
3:00 - 4:00 p.m.
 
Making Connections:
First Time Attendee Reception

Sponsored by Context Business Lending
4:00 - 4:15 p.m. Opening Remarks
4:15 - 5:00 p.m. Keynote: Frits van Paasschen
5:00 - 5:30 p.m. Transportation to Opening Reception
5:30 - 7:30 p.m. Opening Reception
Sponsored by Dorsey & Whitney LLP, r2 advisors llc, Summit Investment Management LLC
Thursday, September 27  
5:30 - 6:00 a.m. TMA Annual 5K Run/Walk Registration
6:00 - 7:00 a.m. TMA Annual 5K Run/Walk**
7:30 - 6:00 p.m. Registration Open
Sponsored by Hahn & Hessen
7:30 - 6:00 p.m. Attendee Lounge Open
7:30 - 8:30 a.m. Networking Breakfast
8:30 - 8:50 a.m. Opening Remarks & Awards Recognition
8:50 - 9:30 a.m. Soundbites from Industry Experts
9:30 - 9:45 a.m. Networking Break
Sponsored by Gordon Brothers
9:45 - 10:30 a.m. Turnaround Tools
10:30 - 10:45 a.m. Networking Break
Sponsored by Gordon Brothers
10:45 - 11:30 a.m. Opportunity Abounds: Staying Busy in a Bankruptcy-Lite Economy
11:30 a.m. - 12:30 p.m. Hall of Fame Induction & Networking Lunch
12:30 - 1:30 p.m. TMA Hall of Fame Panel Discussion
1:30 - 1:45 p.m. Networking Break
Sponsored by Gordon Brothers
1:30 - 2:00 p.m. Moscow Mule Bar
Sponsored by Rise Line Business Credit, LLC
1:45 - 2:30 p.m. Cannabis: New Industry, New Challenges
2:30 - 4:30 p.m. TMA Fest at Lakeside Terrace
Sponsored by Andrew M. Toft, Attorney at Law, Second Avenue Capital Partners, LLC, SSG Capital Advisors, LLC, and TMA Rocky Mountain Chapter
4:30 - 5:00 p.m. LGBT Reception at Bar del Lago
4:30 - 5:30 p.m. TMA Chair's Reception*
6:00 - 6:30 p.m. Transportation to Awards Celebration & Closing Reception
6:30 - 9:00 p.m. Awards Celebration & 
Closing Reception
9:00 - 10:30 p.m. TMA After Dark
Sponsored by Alvarez & Marsal
Friday, September 28  
8:00 - 10:30 a.m. Grab 'n Go Networking Breakfast &
One-on-One Meetings

*Invite only.  **Additional fee to participate. 
Agenda subject to change.  

View Full Conference Agenda

HotelReservations

The Broadmoor
1 Lake Avenue
Colorado Springs, CO 80906

  • Online Reservations: Click here
  • Reservations Phone: 1-800-634-7711
  • Room Rate: $220.00
  • Reservation Deadline: September 5, 2018
  • Hotel Dress Code: Click here

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