In this insightful episode, host Brian Fitzpatrick welcomes Aaron Pelley, a distinguished attorney and cannabis law expert, to discuss the evolving landscape of cannabis regulation. Aaron, now with Harris Sliwoski, brings over 17 years of experience navigating the complexities of compliance, corporate governance, and litigation in highly regulated industries.

The conversation dives deep into the unique challenges cannabis businesses face, including multi-state compliance, tax burdens under Section 280E, and the potential impacts of cannabis rescheduling on the industry. Aaron also shares practical advice on the importance of legal compliance and governance for cannabis entrepreneurs aiming for long-term success.

Key Topics Covered:

• Aaron Pelley’s background and transition to Harris Sliwoski
• Compliance challenges in the cannabis industry, especially for multi-state operators
• The impact of Section 280E on cannabis businesses and potential relief through Schedule III reclassification
• The role of policy reform and federal legalization in shaping the industry
• Strategic legal guidance for entrepreneurs, from startups to multi-state operators
• The importance of proactive compliance to avoid costly litigation and prepare for funding or acquisition opportunities

Notable Quotes:

• "Good legal work is like an insurance policy—it helps businesses avoid future problems." – Brian Fitzpatrick
• "Compliance isn’t just about avoiding fines; it’s about setting your business up for future growth and investment." – Aaron Pelley
• "Federal legalization could bring both opportunities and significant competition. Businesses must be prepared." – Aaron Pelley

Resources & Links:

• Connect with Aaron Pelley: LinkedIn
• Learn more about Harris Sliwoski: Firm Website
• Follow the Qredible Live Broadcast by subscribing to our YouTube channel for more industry insights

Connect with Us:

• Host Joy Youell: LinkedIn
• Host Brian Fitzpatrick: LinkedIn

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Disclaimer: This episode is for informational purposes only and does not constitute legal advice. Consult with a qualified attorney for legal matters.