Description
Know your legal rights and obligations regarding marijuana on your properties.
Marijuana is illegal under federal law yet has been legalized for medicinal or recreational use in a growing number of states. This dichotomy poses a number of challenges in the real estate industry, not least of all for managers of commercial properties and for governing bodies of homeowners’ associations. This topic will explore the issues facing managers and HOAs and will provide a framework for advising clients in this rapidly changing environment.
Date: 2019-09-05 Start Time: End Time:
Learning Objectives
Issues
• Federal Illegality
• Nuisance • Other Tenants and Neighbors
Botanical Background
• The Cannabis Plant
• Active Compounds
• Cultivation
Legal Background
• A Short History
• Controlled Substances Act
• Cannabis vs. Hemp
Cannabis Activities
• Cultivation
• Storage and Aging
• Processing
• Extraction
• Testing
• Distribution
• Transportation
• Retail Sale
Property Management
• Role of Property Manager
• Duties
• Activities
• Licensed
• Sources of Liability
• Lease Agreements
• Unlawful Activity vs. a Lawful Purpose
• Sanctions
Homeowners’ Associations
• What Are They?
• Why You May Need an Hoa
• Formation
• Typical CC&R Provisions
• Business
• Noxious Activities
• Activities Affecting Insurance
• Illegal Activity
• Possible Enforcement
• Structure
• Liability for Doing Nothing
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
William Gay-Wilson, Elser, Moskowitz, Edelman & Dicker LLP
