Leasing to a Cannabis-Related Business: Banking, Permitting, Zoning, Rent, Indemnification, and Insurance
Recording of a 90-minute premium CLE webinar with Q&A
This CLE webinar will provide advice on how to best prepare commercial leases for the growing number of property owners seeking to lease to a cannabis-related business as the cannabis industry expands. The panel will discuss common issues that arise, including the structuring of rent, banking restrictions, permits and zoning, and insurance and related risk management.
Outline
- Overview of state laws related to leasing to cannabis-related businesses
- Standard lease provisions to address
- Rent structuring
- Licensing
- Zoning
- Permitted uses
- Compliance with laws
- Inspection rights
- Assignment and subletting
- Federal asset forfeiture
- Change of laws
- Additional concerns
- Banking
- Insurance coverage
- Practical considerations
Benefits
The panel will review these and other key items:
- Drafting and updating standard lease terms to reflect cannabis business tenant issues.
- Developing a comprehensive plan to address specific issues related to cannabis-related businesses
- Lease terms that accurately reflect state regulations and the federal prohibition of marijuana
Faculty
Christine A. McGuinness
Partner
Schiff Hardin
Ms. McGuinness represents real estate developers, funds and lenders in all aspects of commercial real estate, as well... | Read More
Ms. McGuinness represents real estate developers, funds and lenders in all aspects of commercial real estate, as well as individuals and corporations in the acquisition, leasing, and financing of corporate jets and fractional aircraft interests. When working with clients, she ensures they are performing effectively in their role within the business, helping to protect the business as well as themselves.
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Michael H. Sampson
Partner
Leech Tishman Fuscaldo & Lampl
Mr. Sampson focuses his insurance coverage practice on assisting policyholders across various industries to address and... | Read More
Mr. Sampson focuses his insurance coverage practice on assisting policyholders across various industries to address and resolve complicated insurance coverage matters relating to commercial general liability policies, property insurance, management liability coverages, and many other types of insurance, such as cyber liability, hull and marine liability, specie insurance and pollution liability insurance. While he routinely counsels clients at various stages on a wide range of insurance coverage matters, a significant portion of his practice is dedicated to litigating coverage claims against insurance companies and/or third-party claims administrators.
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