Janet Jackim, Co-Chair of Zuber Lawler’s Cannabis Practice, Shares Insights About Transitioning From Medical to Adult-Use Cannabis Programs – Ohio Cannabis Health & Business Summit | Where to buy marijuana online

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Janet Jackim is an attorney in Phoenix, Arizona, with Zuber Lawler. The law firm has been representing cannabis clients for over 15 years. The firm represents multiple state operators as well as regional companies that are active in the cannabis industry. It has also helped many clients transition from medical to adult use programs.

Janet is a leader in the cannabis industry and has a wealth of experience in all types of cannabis-related matters. She represented clients in relation cannabis dispensary certificates, buyout transactions and business restructuring.

Her clients include dispensaries and producers, as well as investors, lenders, landlords and tenants.

Zuber Lawler represents some of the world’s most prominent cannabis brands when it comes to cannabis deals, patients, cannabis trademarks and trademarks, cannabis FDA Compliance, cannabis regulatory compliance and cannabis litigation. Marijuana Venture Magazine named Zuber Lawler the “Cannabis Law firm of the year.”

Janet has been a specialist in mergers and acquistions for over 40 years. She is now one of five equity owners at Zuber Lawler. She is also co-chair of Zuber Lawler’s cannabis group. The law firm is a leading international cannabis consultant, and it also owns B2B Magazine. Global Cannabis Times

What is your background with cannabis?

My firm was founded in California during the legalization campaign and has been heavily involved in the transition of medical marijuana to adult use in a dozen states, including California, Arizona Illinois, New York and New Jersey. I’ve done a few assets across the border in Mexico, Columbia & Canada.

Can you share some lessons learned by states that went from medical programs to adult-use programs.

We thought about buying a bank once. I would say it is important to purchase a bank that offers banking services exclusively for the cannabis market. Medical programs will decrease significantly. Recreational programs are the future because of the larger population.

It is important to have banking in cannabis, whether it be credit unions or any other financial institution. Banking programs that are robust and focus on due diligence, knowing their customers, and focusing on due diligence are needed.

Banking programs that are focused on cannabis are vital to this industry, as there is a lot of money involved and banks must know where the money came from and what it will be spent on. Cannabis users have found ways to circumvent loopholes but there is still more to be done to create robust and transparent banking programs.

In general, it is important to note that when a state becomes adult-use, there will be more money flowing into programs. Ohio is lagging behind in banking, and this needs to be corrected. Planning is needed now, with the possibility that Ohio will add an adult-use program. The few banks who offer adult use services charge high rates. Banking continues to be a problem as states transition into adult use. We need regulators on board to make the changes.

Do you think that dispensaries are afraid to add adult-use programs into medical programs?

No. All of them welcomed the expansion. It all comes down to how programs are regulated. This is the first step to seeing how things develop. Every state has its own program.

Property owners in manufacturing, retail, and industrial should be delighted. Costs increase. Costs can increase by up to a third for a cannabis company who pays a few thousand dollars.