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Scott Sandrock Awarded the Outstanding Eagle Scout Award

Blog Post

BMD is proud to recognize its member Scott P. Sandrock being awarded the Outstanding Eagle Scout Award by the Boy Scouts of America.  This award recognizes Eagle Scouts who have later achieved distinction in their professional careers and leadership through community service.  A limited number of these awards are presented annually.  The Award was presented at the Annual Eagle Scout Recognition Dinner in January.

Scott is a partner in our Akron office concentrating in business matters, healthcare transactions, franchising and business succession.  He has published over 50 articles including contributing to three books.  His articles have been cited as legal authority by the Supreme Courts of the States of Illinois, Pennsylvania and Connecticut, as well as the United States Federal Court of Appeals for the 11th Circuit.  He is a member of numerous bar associations and currently serves as Vice-Chairman of the Bar Applicant Committee of the Stark County Bar Association.  He was selected by his peers as a Life Fellow of the Ohio State Bar Association.  Scott is an honors graduate of the University of Notre Dame and The Ohio State University College of Law.

Scott has been extensively involved in leadership positions in community organizations.  He has served as the President of Community Services of Stark County, the Chapter Chairman for the American Red Cross, President of Prescription Assistance Network, President of Canton City Schools Foundation, President of the Buckeye Council Boy Scouts of America, President of Family First and President of the Rotary Club of Canton.  He has extensive service in other Scouting positions including serving as a unit leader, national staff positions at national events, and as an advisor on multiple high adventure trips.

Scott serves as a Trustee of the Austin Bailey Foundation, the Rocco Foundation and the Stark County Dental Society Charitable Foundation.  He has provided leadership to numerous community fundraising projects and campaigns.  He has also served our community as a village councilman and as a member of the Jackson Township Zoning Commission.  He has received other community recognitions for his ongoing community service.


Celebration of Asian American and Pacific Islander Heritage Month

In recognition of Asian American and Pacific Islander Heritage Month (AAPI Heritage Month), Brennan Manna and Diamond is proud to recognize the contributions and achievements of our AAPI members.

Fluresh Cannabis’ Bank Loan: Moving Into the Mainstream

The announcement by Fluresh, a vertically integrated Michigan based cannabis business, of the closing of loans from a federally insured commercial bank totaling almost $50 million represents an important landmark for both Fluresh and the cannabis industry writ large. For Fluresh, perhaps as important as the bottom-line benefits of lower cost financing, the fact that its operations and financials passed muster with a substantial commercial bank can be regarded as an important rite of passage. For the industry, it reflects its inexorable movement out of the shadows and into the mainstream. This substantiates the view that, whether or not any of pending the federal legislation is enacted, bank lending to the cannabis industry will continue to accelerate.

Out of the Shadows | An Investor Summit Recap

After a COVID hiatus of more than 2 years, I rejoined the institutional cannabis investment speaker circuit, offering the closing remarks at the Kahner Global Cannabis Private Investment Summit in Coral Gables, Florida. My remarks addressed how banking developments are increasingly impacting cannabis investment, operating and financial strategies and decisions, for both plant touching and the growing array of ancillary businesses serving the industry.

BMD Announced in Best Law Firms 2022 List

We are excited to announce that BMD is included in the 2022 Edition of U.S. News – Best Lawyers “Best Law Firms,” recognized for professional excellence with consistently impressive ratings from clients and peers. The full firm report is included.

Key Takeaways from BMD’s Banking and Cannabis Webinar

Estimates have shown that the cannabis industry is one of, if not the, fastest growing industries in the United States in recent years, with no sign of slowing. Growth requires capital. Banks need loans, and cannabis companies, which are rapidly becoming bankable need access to lower cost bank lending. While cannabis remains federally illegal, an impediment to access to financial institution credit, banks and credit unions are nevertheless entering the market in increasing numbers.