Profit Margins Up In Smoke: Potential Effects of Tariffs in the Cannabis & Hemp Industries
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- Not yet rated
- Categories:
- Cannabis | Cross Border Markets & Commerce | supply chain
- Faculty:
- Lara DeCaro | Griffen Thorne | Sally Brammell | Michelle Li
- Duration:
- 1 Hour
- SKU:
- INCBA060225tariffWEB
- License:
- Expires 6 month(s) after program date.
Description
This presentation explores the potential impact of U.S. tariffs on the smokeables, cannabis, and hemp industries, focusing on how trade policy changes could influence supply chains, equipment costs, and global competitiveness, and how attorneys can protect against or help clients prepare for those impacts. Because cannabis and hemp businesses rely heavily on imported materials—such as vape technology, packaging supplies, and processing equipment—tariffs on these goods could lead to rising operational costs, squeezing already tight profit margins. Furthermore, with hemp being federally legal, but cannabis still restricted at the federal level, the industry faces unique regulatory and trade barriers that may be exacerbated by protectionist trade policies. This hour aims to provide insight into how businesses can adapt strategically, advocating and preparing for clearer regulations, and exploring options to mitigate the effects of our shifting international trade dynamics.
Credits
This program is eligible for 1 hours of General CLE credit in 60-minute states, and 1.2 hours of General CLE credit in 50-minute states. Credit hours are estimated and are subject to each state’s approval and credit rounding rules.
INCBA webinars are generally eligible for credit in the following states: AR, AL, CA, CO, GA, HI, IL, NJ, NM, NY, ND, PA, TX, VT. Additional states may be available for credit upon self-application by attendees. States typically decide whether a program qualifies for MCLE credit in their jurisdiction 4-8 weeks after the program application is submitted. For many live events, credit approval is not received prior to the program.
The on-demand version of this webinar is eligible for credit in the following states: AR, AL, CA, CO, GA, HI, IL, NJ, NM, NY, ND, PA, TX, VT. Additional states may be available for credit upon self-application by attendees.
(Default credit disclaimer updated 02.08.2024)
For current accreditation status, please select your jurisdiction below.
This program is eligible for 1 hours of General CLE credit in 60-minute states, and 1.2 hours of General CLE credit in 50-minute states. Credit hours are estimated and are subject to each state’s approval and credit rounding rules.
INCBA webinars are generally eligible for credit in the following states: AR, AL, CA, CO, GA, HI, IL, NJ, NM, NY, ND, PA, TX, VT. Additional states may be available for credit upon self-application by attendees. States typically decide whether a program qualifies for MCLE credit in their jurisdiction 4-8 weeks after the program application is submitted. For many live events, credit approval is not received prior to the program.
The on-demand version of this webinar is eligible for credit in the following states: AR, AL, CA, CO, GA, HI, IL, NJ, NM, NY, ND, PA, TX, VT. Additional states may be available for credit upon self-application by attendees.
(Default credit disclaimer updated 02.08.2024)
Faculty
Lara DeCaro Related Seminars and Products
Principal
Bond Legal & Dispute Resolutions PC
I am a business attorney and mediator admitted to practice in three states. I am also a co-founder, former Executive Officer and Board Member, and the current President of the Advisory Board of the International Cannabis Bar Association and a co-founder and the current Chair of the BASF Cannabis Law Section, founder of the BASF (LRIS) pro bono panel for social equity applicants, frequent speaker, podcast guest, and teacher at City College San Francisco. In 2022 I provided testimony on cannabis policy reform, upon invitation, to elected members of the Irish Parliament and their invitees at Leinster House in Dublin, Ireland. I also have significant experience in the areas of cannabis, intellectual property, commercial transactions/M&A, real estate, hospitality, and entertainment law, and have consistenly been named to Chambers and Partners top cannabis attorneys for several years.
Griffen Thorne Related Seminars and Products
Partner
Lewis Brisbois Bisgaard & Smith, LLP
Griffen Thorne is a corporate and transactional attorney and Chair of the Lewis Brisbois Cannabis, Hemp, and Regulated Substances Practice. Griffen guides businesses through the complexities of M&A and corporate transactions, as well as real estate leasing, acquisition, development, and finance transactions.
Griffen has years of experience representing entrepreneurs, investors, startups, financial institutions, and operating businesses in the cannabis and hemp industries in transactional, licensing, and regulatory matters. He has been designated as an expert in cannabis litigation, regularly contributes to legal and industry publications, leads panels, and provides insights to media outlets like the Washington Post, The Atlantic, The Guardian, MarketWatch, Bloomberg Law, and Law360.
Griffen also represents clients in a other domestic and international industries, including healthcare, franchising, cryptocurrency and technology, international manufacturing and sales, and beyond.
Before beginning his legal career, Griffen studied music at the University of California, Berkeley. He studied law at Loyola University of Chicago, where he was Editor-in-Chief of the Loyola University Chicago Law Journal and graduated third in his class of 250 students.
Sally Brammell Related Seminars and Products
VP of Legal
Pax Labs, Inc.
Sally Brammell has been a pillar in the cannabis space for years - both as an advocate on behalf of children with special needs and their families and as a leading attorney, shaping emerging industries and establishing sustainable cannabis programs that destigmatize and advance safe, responsible use. She has forged a career rooted in helping others.
Brammell joined PAX, a leading global cannabis brand enhancing lives through exceptional cannabis experiences, in 2017 to advocate for cannabis reform from within the industry. She has made a resounding impact, navigating a challenging space that is state-legal but remains federally illegal. In her role, Brammell leads myriad facets of the business from protecting PAX’s innovation and IP to shaping public policy, ensuring compliance against a patchwork of state laws and regulations, establishing a robust youth prevention program, and shaping a go-to-market in constantly evolving states where PAX operates.
Michelle Li Related Seminars and Products
Partner
Thompson Hine, LLP
Michelle is a partner in the International Trade practice group. She focuses her practice on assisting clients in a wide range of industries with trade remedy proceedings.
Michelle’s experience includes representing producers of softwood lumber, frozen warmwater shrimp, glycine, and organic soybean meal before the U.S. Department of Commerce, U.S. International Trade Commission, U.S. Court of International Trade, and U.S. Court of Appeals for the Federal Circuit. She also advises on import entry clearance and other Customs and importation issues involving food, drug, medical, and tobacco products regulated by the U.S. Food and Drug Administration and consumer products regulated by the U.S. Consumer Product Safety Commission. Michelle has also represented clients in trade enforcement and anti-circumvention proceedings before U.S. Customs and Border Protection and Section 337 investigations before the U.S. International Trade Commission.
Michelle has extensive experience counseling and representing clients from the e-cigarette industry on a wide variety of issues.
Prior to entering private practice, Michelle served as a judicial intern to the Honorable Robert L. Wilkins of the U.S. District Court for the District of Columbia, and as a judicial intern to the Clerk of the Court of the U.S. District Court for the District of Kansas.
Michelle is fluent in Mandarin Chinese and Cantonese.