NAPABA (National Asian Pacific American Bar Association) hosted its 2021 Convention at the Marriot Marquis in Washington, D.C. from December 9 to 12, 2021. MMK’s Olivia Truong spoke on a panel about “Risky Business: Litigation Challenges and Insurance Solutions for the Cannabis Industry.”
As of June 2021, the cannabis industry continues to experience rapid growth as 36 states have legalized the use of medical marijuana while 18 states have enacted legislation to regulate cannabis for adult use. Many of these products, however, remain unlawful at the federal level. Against this backdrop of ambiguity, the marketplace continues to rapidly advance and evolve and cannabis businesses are subject to risks of tort and product liability claims, and even professional liability claims unique to the industry. This panel will examine recent litigation that highlights the issues facing the cannabis/CBD/hemp industry, as it grapples with extraordinary growth, evolution, innovation, and uncertainty.
This program will also help attendees to better understand both the liability and the property/casualty insurance coverage available for their clients in the cannabis space, identify potential gaps in coverage, and secure coverage for their clients to allow them to manage the industry’s unique risks.
The panel included:
- Sahar Ayinehsazian with Vicente Sederberg
- Isaac Bock with AlphaRoot
- Mr. Richard Y. Cheng with Weaver Johnston Nelson, PLLC
- Peter Roldan with Emergent LLP
- Olivia Y. Truong with Melchiode Marks King LLC
The panel discussion will be made available as an On-Demand CLE through NAPABA at a later date. CLE materials can be viewed at: https://cdn.ymaws.com/www.napaba.org/resource/resmgr/3_events/convention/2021_napaba_con/call_for_programs/cle_materials/203_cle_materials_slide_deck.pdf
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