Resources

Client Alerts, News Articles, Blog Posts, & Multimedia

Everything you need to know about BMD and the industry.

"New Normal" Budget Guidance

Blog Post
April 20, 2020

During these challenging times most business are faced with issues regarding cash flow and ongoing expenses. In prior Client Updates we have outline some specific action plans dealing with PPP, Cares Act and other funding programs, your obligations and opportunities under the Salary Continuation programs and others. We continue to update those as new Guidance is released so please check back to our Resources page from time to time.

In the interim we recommend you work on your “new normal” budget to assess your resources and look to where you could hope to defer a portion of your ongoing payments. Working with your budget, you may be able to pay 70% of your ongoing expenses for example. Reach out to your lenders, landlord, insurance providers, utilities and the like to see what adjustments or deferrals might be possible. Be proactive to reach out to them in advance of you next payment with the goal of working together for some additional time with a reasonable plan.

Please call your primary attorney at BMD to discuss your options and to develop strategies. 

New NormalBudget GuidanceLoan ReliefPPPpaycheck protectionCARES Actsmall business
Blog Post

You Know ADR, But What About EDR?

August 7, 2024BMD Member Bob Hager and Partner Jessica Hew have co-authored an article in the Cleveland Metropolitan Bar Journal, focusing on the strategic selection and implementation of dispute resolution methods. The article covers mediation and arbitration, offering insights into their application and effectiveness. It provides valuable tips for lawyers on how to choose the best method for resolving disputes and highlights the importance of creative approaches to serve clients effectively.Blog Post, Multimedia

Ohio Legalizes Marijuana: Changes for Employers

August 5, 2024Ohio Employers: Ohio recreational marijuana sales begin Tuesday, August 6, bringing new challenges for employers regarding employee use. BMD Partner and Labor & Employment Co-Chair Bryan Meek has outlined essential tips and best practices to help you adapt.Blog Post

Entourage Effect and Shield Compliance Join the ICLC

April 17, 2024In a continuation of its recent growth, only a bit more than a year after its organization, the ICLC is pleased to announce the addition of 3 more new participants. One of these is a commercial bank. In accordance with our commitment to our bank participants, they are not identified outside the Community unless they specifically authorize it. The other 2, Entourage Effect Capital (EEC) and Shield Compliance, are each well known within the cannabis industry and will enhance the ICLC’s potential value to its participants, enriching the spectrum of relevant and accretive cannabis industry experience, skillsets and perspectives available to them.Blog Post

Trulieve Tax Announcement and the ICLC Growth Spurt

March 19, 2024On March 12, leading cannabis tax lawyer James Mann made an extremely timely virtual presentation to ICLC participants regarding the announcement by Trulieve of its receipt of more than $100 million of tax refunds in connection with a challenge to what it owes under Section 280E of the Internal Revenue Code.Blog Post

Another Big Move Out of the Shadows; First Citizens Bank, the nation’s 19th largest, poised to enter the Cannabis Market

February 20, 2024A commentary on cannabis and hemp dated January 12, 2024 posted by First Citizens Bank on its website reflects the decision by the Bank to extend its very substantial hemp/CBD platform into the cannabis space.
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