Quoted Emerging Markets

Is American Cannabis Still the Wild West?

May 17, 2022 | By Credit Chronometer

Joseph Cioffi was quoted in a National Cannabis Industry Association community blog post “Is American Cannabis Still the Wild West?” Read the full post here.        

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Publications Emerging Markets

Cannabis Financing Market Insights

May 09, 2022 | By JOSEPH CIOFFI

Davis+Gilbert recently attended the Benzinga Cannabis Capital Conference, where the most significant and influential industry participants met to discuss the opportunities and challenges of funding growth in the cannabis industry. Joseph Cioffi moderated a discussion regarding the experience of Real Estate Investment Trusts (REITs) and the outlook for financing and regulations. This piece contains some key takeaways to help participants operate effectively in the space and plan for the future. ...

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ESG Emerging Markets

What To Know About ESG and Cannabis

Apr 14, 2022 | By JOSEPH CIOFFI

Investors and lenders focused on environmental, social and governance (ESG) principles will find opportunities for “green” financing in cannabis, but risk abounds as the truthfulness of ESG claims and disclosures are on the SEC’s radar. Last month the SEC put out a proposed rule that if adopted could lead to increased climate-related disclosures for companies subject to SEC oversight. While cannabis businesses can improve their prospects for funding by emphasizing their ESG-related activities ...

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Publications Emerging Markets

Fortune or Forfeiture: Real Estate Lending in the Cannabis Space

Feb 08, 2022 | By Credit Chronometer

Joseph Cioffi, Massimo Giugliano and Christine DeVito discuss the risks real estate lenders face when working with cannabis-related businesses, in their Westlaw article entitled "Fortune or forfeiture: real estate lending in the cannabis space." From government forfeiture to anti-money laundering compliance, real estate lenders have options available to address the legal challenges in this rapidly growing field. 

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Publications Emerging Markets

State Residency Rules Up in Smoke as Cannabis Industry Grows

Nov 05, 2021 | By Credit Chronometer

State residency requirements for cannabis businesses are in jeopardy following some successful challenges on constitutional grounds.  As seen in Westlaw today, Joseph Cioffi, Nicole Serratore and Anna Pinna's article, “State residency rules up in smoke as cannabis industry grows,” discuss how courts have relied on the dormant Commerce Clause of the US Constitution to strike down certain ordinances and regulations.

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Publications Emerging Markets

Cannabis Lender Eyes Securitization

Oct 22, 2021 | By JOSEPH CIOFFI

Joseph Cioffi was quoted in a Commercial Mortgage Alert article regarding the hurdles of bringing cannabis-related securitizations to market.

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Publications Emerging Markets

Regulatory Challenges to Cannabis Financing

Sep 30, 2021 | By JOSEPH CIOFFI

The tensions between federal and state cannabis laws continue to persist. In this article, we identify the key federal legal issues for financial institutions and lenders when working with state-legal cannabis businesses.

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Publications Emerging Markets

Top 5 Questions Regarding Cannabis Financing

Sep 29, 2021 | By JOSEPH CIOFFI

We provide a quick snapshot of legal issues surrounding lending in the cannabis space, including state-federal regulatory hurdles and debt enforcement challenges for lenders, and business considerations for borrowers when preparing for a deal.

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Publications Emerging Markets

Key Considerations for Cannabis Borrowers

Sep 28, 2021 | By JOSEPH CIOFFI

Finding financing for state-legal cannabis businesses can be a challenge, but with the right preparation, cannabis business borrowers can put their best foot forward to present themselves to potential lenders. We highlight the key considerations borrowers should be ready to address.

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Publications Emerging Markets

NY Debt Enforcement Alternatives for Cannabis Lenders

Sep 23, 2021 | By JOSEPH CIOFFI

With cannabis being federally illegal, bankruptcy protection is not an option for cannabis-related businesses. In an effort to protect collateral and maximize recovery, cannabis lenders need to understand debt enforcement and liquidation options under state law, before entering into financing with borrowers. Learn more in this Law360 article authored by Joseph Cioffi, Seiji Newman and Christine DeVito.

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