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Opening the Door to Quality Recovery Housing

Blog Post

From March 8–9th, Ohio Recovery Housing (ORH) — the oversight authority for ORH-certified recovery residences operating in the state of Ohio — hosted its 2023 Annual Conference, “Opening the Door to Quality Recovery Housing,” which boasted a room full of housing providers, delivered timely educational updates, and featured prominent speakers in the recovery housing space.

 

Among the topics discussed included federal and Ohio fair housing law(s), landlord-tenant compliance considerations, building strong employment and other community-based relationships, overcoming barriers related to medication-assisted treatment (MAT), and best practices for crisis response. Notably, ORH kicked off day two of this years’ conference by hosting Jamie Carmichael, the Assistant Director for Community Planning and Collaboration for the Ohio Department of Mental Health and Addiction Services (OhioMHAS), who discussed state-level recovery housing initiatives and pressing budget considerations in light of Governor DeWine’s proposed Executive Budget for Fiscal Year 2024–2025 — a significant portion of which, if passed, has been allocated to expanded behavioral health, including recovery housing , services.

 

ORH did a commendable job jampacking its two-day conference with valuable and insightful information on the current and future state of recovery housing throughout the state. With that said, federal and state-compliant, quality operational standards are high and ever-evolving. If you currently operate, or are considering establishing, a recovery house in the state of Ohio and need assistance with compliant policies, procedures, operations, or other guidance, please do not hesitate to reach out to Monica Andress at (330) 253-9153, or mbandress@bmdllc.com.


Invitation to Banks & Family Office/Ultra-high Net Worth Investors Exploring Cannabis Lending to Join Our Informal Institutional Cannabis Lenders Community

An update on the latest developments in the cannabis banking/lending space by subject matter expert, BMD Scottsdale/Phoenix Office Managing Partner Stephen Lenn

Community Banks: Collaboration, not isolation, is the key to protecting/ enhancing the cannabis business you pioneered

As we prepare for the plenary session of the informal institutional cannabis lenders community announced in my previous article, I am pleased to advise that participants now include 5 of the best-known dedicated loan funds; a select group of commercial banks ranging in size from single state community banks to mid-size regionals making cannabis loans into the mid-8 figures; and, a syndicator of credit union cannabis loans.

Non-compete Agreements are Under Fire: What Employers Need to Know

Non-compete agreements are an ongoing topic of dispute. Employers and their advocates point to the efficacy of non-competes in protecting proprietary information. Employees and their advocates argue about worker mobility and that employers unduly burden workers’ ability to seek better jobs. The Biden administration has put forth its position, and state legislatures have introduced bills addressing the enforceability of non-competes. Here is what you need to know:

BMD’s Jason Butterworth Quietly Engineers Some of Akron’s Most Impactful Projects

Jason Butterworth, a team member of BMD’s Business & Corporate practice, focuses his practice on finance, real estate, and tax credit law.

Explosive Growth in Pot of Gold Opportunity for Bank (and Other) Cannabis Lenders Driving Erosion of the Barriers

Our original article on bank lending to the cannabis industry anticipated that the convergence of interest between banks and the cannabis industry would draw more and larger banks to the industry. Banks were awash in liquidity with limited deployment options, while bankable cannabis businesses had rapidly growing needs for more and lower cost credit. Since then, the pot of gold opportunity for banks to lend into the cannabis industry has grown exponentially due to a combination of market constraints on equity causing a dramatic shift to debt and the ever-increasing capital needs of one of the country’s fastest growing industries. At the same time, hurdles to entry of new banks are being systematically cleared as the yellow brick road to the cannabis industry’s access to the financial markets is being paved, brick by brick, by the progressively increasing number and size of banks that are now entering the market.