Cassia Furman

Partner

Los Angeles

cassia@vicentesederberg.com

310-684-2016

633 W. 5th St.
26th Floor
Los Angeles, CA 90071

California
Colorado

J.D., University of Colorado School of Law
B.A., magna cum laude, Hamilton College

Overview

Cassia Furman is a partner at Vicente Sederberg and managing attorney of the firm's California Practice Group based in Los Angeles. In addition to supporting the firm's policy and local government work in California and around the country, she counsels clients on a wide range of transactional, regulatory, and land use issues related to the licensing and operation of California commercial cannabis ventures under MAUCRSA.

Before joining VS, Cassia worked with a noted public finance firm where she oversaw the organization and operations of dozens of special districts in connection with complex public infrastructure projects, including the issuance of multi-million dollar debt issuances. Cassia also assisted in the representation of numerous Colorado municipalities, where her duties included the drafting and implementation of comprehensive medical marijuana ordinances.

Cassia specializes in the intersection of local and state regulation and private industry, having worked on both public and private sides of the negotiating table. Her background in public finance, land use planning, local government law, and commercial real estate provides insight into all phases of permitting and licensed operations. She works extensively with cannabis operators across California, helping the firm's clients navigate the ever-changing regulatory and business landscape and anticipate new impacts and market forces before they occur. In addition to client advocacy, Cassia leads the Los Angeles office, plays an active role in multiple industry groups, and speaks frequently on California cannabis matters.

Experience

Leadership & Community Involvement

  • Member, International Cannabis Bar Association
  • Member, California Cannabis Industry Association
  • Member, Los Angeles County Bar Association

Cannabis Regulatory Counsel

  • Acted as overseeing California cannabis regulatory counsel to Harvest Health & Recreation, Inc., one of the largest multi-state operators in the United States, in connection with the acquisition of California licensed entities, advising on deal structure and disclosures

  • Acted as overseeing California cannabis regulatory counsel to TILT Holdings Inc. in connection with its acquisition of Blackbird Holdings Corp., a distribution company providing logistics operations and software solutions for each touchpoint in the cannabis supply chain, for approximately US$40 million, consisting of US$12M cash and 11,090,453 shares of TILT, in one of the earliest ownership “transitions” under the Bureau of Cannabis Control permanent regulations.

  • Acted as overseeing California counsel to Canaccord Genuity, LLC in a review of California assets.

  • Oversaw the transition of numerous nonprofit entities operating under California’s Proposition 215 to for-profit entities, including analysis of patient member rights and ownership disputes.

  • Represents a leading live entertainment conglomerate in forays into cannabis and hemp partnerships, collaborations and festival presence.

  • Represents multiple device makers on plans to enter the California cannabis market and national expansion, including advertising parameters, banking matters, and the status of state legislation.

  • Represents numerous California cannabis businesses with licensing strategy on state and national level, including national expansion via intellectual property licensing.

  • Represents numerous private investors in connection with regulatory and corporate due diligence.

  • Provided numerous regulatory opinions to underwriters and auditors regarding the state-legal activities of direct and ancillary cannabis companies.

  • Advises national and international law firms on California hemp and cannabis regulatory matters.

Mergers & Acquisitions

  • Handled the purchase and sale of numerous cannabis business licenses in California, advising on both local and state ownership transition and agreement terms.

  • Represented investment funds, public companies, and family offices on compliance with ownership and disclosure requirements in California.

  • Represented multiple publicly listed companies in connection with its acquisitions of a licensed distributor and a licensed manufacturer in California.

Commercial Contracts, Licensing & General Corporate Matters

  • Represented numerous clients in the formation of social equity business structures under Los Angeles, San Francisco and Oakland regulations.

  • Represented numerous clients in connection with the formation of direct and ancillary cannabis businesses.

  • Represented numerous clients in corporate reorganizations related to conversion from nonprofit to for-profit regulatory regimes.

  • Represented Hall of Flowers in obtaining the first ‘business to business’ cannabis temporary event license- the second cannabis temporary event ever permitted under MAUCRSA.

  • Advises numerous brands on structuring California contract manufacturing and packaging relationships in accordance with Regulation 5032(b) parameters.

  • Assisted with structuring for-profit management companies for nonprofit cannabis dispensaries with cannabis-related services, including agreements and intellectual property licensing.

  • Represents cannabis clients on real estate and zoning matters and advised landlords and tenants with leases for cannabis retail, manufacturing, distribution, and cultivation facilities.

  • Represented high profile entertainers in connection with the launch of branded products.

  • Represented leading cannabis brands in intellectual property licensing and contract manufacturing agreements.

  • Represented manufacturers in contract manufacturing, supply, licensing, and distribution agreements.

Local Government & Policy

  • Assisted the City of Santa Rosa with the development of comprehensive cannabis ordinances.

  • Provided legal support to Southern California Coalition cannabis policy efforts in the City of Los Angeles.

  • Drafted model ordinances and white papers on behalf of cannabis industry leaders to proactively engage with local government officials in furtherance of new or expanded licensing opportunities.

  • Oversaw merit-based local licensing project teams in successful application rounds in numerous California jurisdictions, including West Hollywood, Culver City and Pasadena.

  • Supported Calaveras Cannabis Alliance in the development of a comprehensive cultivation licensing regime in Calaveras County.

Events