On June 8, 2017, Clifford J. White III, director of the U.S. Trustee Program, proclaimed before a congressional subcommittee that “debtors with assets or income derived from marijuana may not proceed through the bankruptcy system.”
To read the full text of this article, please visit the Duane Morris LLP website.
Duane Morris partner Seth Goldberg will take part in a webcast, “Valuation Trends and Investment Opportunities in the Cannabis Industry,” to be held on June 29, 2017, from 11:00 a.m. to 12:00 noon PDT. Please visit the Expert Webcasts website for more information or to register.
Duane Morris partners Seth Goldberg of the firm’s Cannabis Law Practice Group was quoted in an article published on May 17, 2017 in Cannabis Law Report. Read excerpts from the article on the firm’s website or the article in full at the Cannabis Law Report website (registration required).
Duane Morris partners Seth Goldberg, a team lead for Duane Morris’ Cannabis Law Practice Group, was a panelist for an ACG webinar, “Cannabis: Investing in One of the Fastest “Growing” Segments of the Life Sciences Industry” on May 9, 2017. You may view the webinar below.
Duane Morris’ Seth Goldberg was quoted in the Philadelphia Business Journal on the opportunities and risk facing entrepreneurs in the development medical marijuana industry in Pennsylvania.
While the upfront costs to entrepreneurs wanting to enter the market are expected to run into the millions of dollars, the payoff could be substantial. The ArcView Group, a market research firm that studies the cannabis industry, estimates the Pennsylvania medical marijuana market will start out with annual sales at about $125 million and grow at a rate of about 180 percent per year in the program’s first few years.
“There will also be huge opportunities for entrepreneurs who want to create ancillary businesses that are integral to the core growing and dispensing businesses,” said Seth Goldberg, a Philadelphia attorney with Duane Morris who specializes in commercial and health care matters.
Duane Morris partners Philip Lebowitz and Seth Goldberg published an article in The Legal Intelligencer describing the ethical dilemmas faced by lawyers who have clients who may embark on business ventures that involve medical marijuana in Pennsylvania and other jurisdictions where the law and the norms are still being formulated. You can read the full text on the Duane Morris website.
