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New Jersey - From Dream to Reality: Getting Your Cannabis Business Ready for Operation

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Description: Join us for a podcast discussing the blooming cannabis industry in New Jersey since legalization took place earlier this year. Nikolas Komyati, an attorney with Bressler, Amery & Ross, P.C. and Dan Abaca, Founder & CEO of Abaca, will discuss banking, finance, investors, and all that you need to get your financial ‘house’ in order when readying your business for operation. The pair will also discuss NJ specific legal issues, and how the different license classes and prohibitions help small business.
Nik Komyati believes that his varied experience in the law strengthens his ability to provide solutions to his clients’ most difficult problems. He is a Principal in the firm’s Financial Institutions practice.  In that capacity, Nik represents financial institutions including investment banks, broker-dealers, hedge funds and insurers in complex matters in state and federal court. Nik has successfully defended FINRA arbitrations, receiving dismissal of all claims against the firm’s clients. He has handled regulatory inquiries and responses on a multitude of issues and has also handled employment matters including expungement of various matters from financial advisors’ Form U-4 and U-5s.
In his commercial litigation practice, Nik provides counsel for closely held businesses, transportation and trucking companies, creditors, and contractors. Nik’s commercial litigation experience includes breach of contract and enforcement of agreements, partnership/joint venture disputes, business torts, breach of fiduciary duty allegations, and shareholder issues. Nik has prosecuted and defended these matters in state and federal court throughout the country.
Nik’s diverse catalog of experience has allowed him to develop into an outside general counsel for many clients and assist with their corporate matters as well. He is involved with corporate formation and structuring, private equity transactions, hedge fund transactions and redemptions, complex securities transactions, and the sale of restricted securities under Rule 144.
Nik is also the Firm’s practice area leader for its cannabis practice group. He advises clients with regards to licensing, financial, regulatory and compliance issues for cannabis and hemp companies. Nik also advises ancillary service providers to the industry on their financial, regulatory and compliance matters.  His broad base of experience allows him to carefully walk clients through this emerging industry and its unique challenges.  
Nik is also a member of Bressler's Senior and Vulnerable Investor Group. The lawyers in this group have a shared interest in providing counsel to corporate clients who confront issues affecting seniors.
In addition to his practice, Nik is active in numerous legal industry organizations. He is a member of the New York State Bar Association, New Jersey State Bar Association and its Cannabis Law Committee.
Dan Roda - Co-Founder and Chief Executive Officer of Abaca (formerly known as MediPays), a financial and regulatory technology company that facilitates electronic payment processing, banking, lending, and other financial services for underbanked and nontraditional industries and communities including the cannabis, hemp, and CBD industries.

Practice Areas: Biotechnology & Life Sciences, Business Organizations & Contracts
Online Media Type: Audio
Production Date: 09/17/2021
Level: Intermediate
Category: Standard
Duration: 1 Hours, 3 Minutes
Online Format: On Demand

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Purchase of this product provides online access for 180 days. If you are purchasing a live webcast, you will receive complimentary access to the on demand version for 180 days once it becomes available. Please note that the on demand and podcast versions may, or may not be accredited in your state.

If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance.  Credit totals for other formats are for complete programs.  Partial credit is not available for any online or downloadable format. 


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Credit Eligibility:
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Total Credits: 1
Specialty Credits: 
Status: Reciprocal Credit Available
Expiration: 09/16/2024
Training Type: Online

West LegalEdcenter provides accreditation as described here. You may be able to self apply for credits in states not listed.

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Nikolas Komyati - Bressler, Amery & Ross, P.C.
Dan Roda - Abaca Financial Services
This product is designed to provide information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.

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