Page 49 - May 2019 with HCHeroes

Back Cover Story: Florida Law Firm Provides Guidance

for Cannabis Companies to Navigate Regulatory Complexities

Continued from Back Page help move the needle forward in the technology utilized for their grow opera- marijuana, simple operational issues
“I knew medical marijuana would be medical community.” tions, be able to predict problems they arise for cannabis businesses that other
one of the fastest growing industries with One key factor that distinguishes may face because of their operational companies don’t face.
a wide range of impacts to existing legal Lowndes from others that offer similar model and to provide referrals to outside “From IRS 280E provisions prohibiting
practice areas, so I was interested from a services is value, according to Tedrow. industry experts who can assist if prob- the deduction of certain operating expens-
business and academic perspective,” she “Our firm brings an incredible value to lems arise,” Tedrow says. “Having taught es for tax purposes, to the inability to
recalls. our clients,” she says. “We represented the first Marijuana Law and Policy obtain title insurance on properties
As a land use attorney, Tedrow was the first medical marijuana dispensary in course at the University of Florida intended to be used for marijuana opera-
already used to representing clients’ con- the state of Florida and our experience Fredric G. Levin College of Law, I have a tions, these businesses face unique chal-
troversial development projects that representing cannabis businesses from deep understanding of this area and have lenges every day,” says Tedrow. “Until
drew opposition from the community. seed to sale provides a solid platform for been able to work with incredible there are sustainable solutions for issues
With medical marijuana dispensary us to assist clients in navigating the busi- thought and industry leaders from such as banking, financing and payment
approvals, that dynamic was no different, ness, regulatory and legal complexities around the country. The network of options, medical marijuana companies
she notes. facing this emerging market.” referrals and advice our firm provides to will continue to face unnecessary hurdles
“I’ve never shied away from engaging She adds that her firm also truly clients helps to reduce costs and increase to growth and productivity.”
on controversial issues that I believed understands its clients’ businesses and efficiency, both critical components in an
would significantly benefit our commu- the intricate details of their operations. increasingly competitive market.”
nity and knew the key to getting every- For example, “it’s not enough to just There are still some legal struggles For more information,
one to embrace medical marijuana busi- know that your client cultivates marijua- faced by marijuana businesses in the visit https://lowndes-law.com/services-
nesses was compassion and education,” na indoors pursuant to state law,” she state of Florida. Putting aside the obvi- and-industries/industries/cannabis-and-
she says. “It’s been a pleasure ever since says. ous struggles caused by existing anti- controlled-substances/
to work with clients in this industry and “You need to understand the specific quated federal regulations of medical

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Cannabis News Florida cannabisnewsflorida.com May 2019 49