Blank Rome partners Frank A. Segall, Scott H. Moskol, and Jason S. Luter will join Symphony Risk Solutions’ TJ Frost and Corey Tobin to present the 60-minute, Blank Rome-hosted live webinar, Understanding Cannabis Employee Stock Ownership Plans (“ESOPs”)—Key Questions and Practical Insights, taking place on Wednesday, May 21, 2025, from 2:00 to 3:00 p.m. EDT / 11:00 a.m. to 12:00 p.m. PDT.
ABOUT THE PROGRAM
Speakers will discuss the transformative potential of Employee Stock Ownership Plans (“ESOPs”) for cannabis companies. This session will cover:
- Understanding ESOPs: What an ESOP is and how it could potentially benefit a cannabis business.
- Tax Benefits: How ESOPs can help avoid Internal Revenue Code Section 280E and eliminate federal and state income taxes.
- Investor and Employee Advantages: Providing exit strategies for investors and enhancing employee retention through ownership.
- Management and Ownership: Allowing current management to continue running the business while providing an exit for other owners.
- Legal and Practical Considerations: Understanding the role of the trustee and management involvement in ESOPs.
- Insurance: The need of specialty cannabis ESOP insurance and how such policies can protect a business.
- Case Studies: Learn from the Blank Rome and Symphony Risk teams’ extensive experience in ESOP transactions for cannabis companies.
Featured Speakers:
- Frank A. Segall, Partner, Cannabis Practice Co-Chair and Boston Office Co-Chair, Blank Rome
- Scott H. Moskol, Partner, Cannabis Practice Co-Chair, Blank Rome
- Jason S. Luter, Partner, ESOP Practice Chair and Dallas Office Co-Chair, Blank Rome
- TJ Frost, President, Symphony Grow – Symphony Risk Solutions
- Corey Tobin, Director, Symphony Grow – Symphony Risk Solutions
Questions? Contact Benny Levenson via e-mail.
