Burns & Levinson announced today that partner Scott Moskol and Business Law chair Frank A. Segall have been named "Cannabis Trailblazers" by The National Law Journal (NLJ) for creating one of the first national cannabis practice groups in Boston helping clients dealing with all aspects of the industry including regulatory matters, raising capital, launching operations, and exit strategies.
The NLJ noted Moskol and Segall's trailblazing collaboration with Partner Colorado Credit Union and Safe Harbor Private Banking to design "a cannabis banking program compliant with federal and state regulations." The program helps lenders and institutions trying to get into the industry, which also benefits operators, and brings credibility to the entire industry.
Moskol and Segall co-chair the Cannabis Business Advisory Group, which helps clients navigate the complex legal and business framework that surrounds the rapidly growing cannabis industry in the United States. Burns & Levinson was the first major Boston corporate law firm to develop a cannabis business practice five years ago – initially started as a medical marijuana practice – and is considered among the top law firms in the country with expertise handling high-level corporate and financing deals in the private and public markets in the cannabis market.
Moskol and Segall have unrivaled experience in cannabis business formation, licensure, legal and regulatory compliance; corporate structuring, joint ventures, mergers and acquisitions, fund formation, debt and equity financing; real estate acquisitions and leasing; labor and employment issues; intellectual property protection; 280E taxation issues; and the burgeoning field of cannabis litigation.
Looking ahead, Moskol and Segall told the NLJ, "There will be new players, which will create new business opportunities and current operators will continue to expand or exit. All of which will require experienced corporate cannabis counsel."
Moskol received his J.D. from Emory University School of Law and his A.B. from Brown University. Segall received his J.D. from Columbia University and his B.A., cum laude, from Brandeis University.