Laws surrounding cannabis are changing quickly since more and more states have been embracing medical cannabis. That’s why the industry needs a good lawyer like Portland-based Green Light Law Group’s Brad Blommer to help guide businesses towards success. So, pay attention new entrepreneurs, financiers, and established companies. Brad and the rest of the Green Light team can help you in the formation of new businesses, to investing, financing, lease negotiations, licensing, and litigation.
It’s a busy time of year, but Blommer was able to squeeze MAGNETIC in for a fun Q&A to share his expertise, along with the journey that led him to working in one of the most exciting sectors in the world.
Check out Green Light Law Group’s blog for more cannabis industry and business insight!
When did you get involved in the cannabis industry?
I got involved soon after Measure 91 passed in Oregon. I have always followed the industry’s progress and knew it would need seasoned attorneys to assist it moving forward.
What experience are you bringing to GLLG? What industry were you in before? What’s your role now?
My initial training was all geared toward trial work. I clerked for a trial court judge out of law school and worked in litigation law firms on the east coast before moving to Oregon. My other passion is real estate, which led me to forming a real estate investment company in Oregon. I formed my own practice in 2010 in Portland, which focused primarily on litigation, real estate and business law. I founded Green Light Law Group in 2015 with a partner, Perry Salzhauer. I also handle a lot of compliance and corporate work.
How is GLLG changing the cannabis lawyer game?
GLLG is changing the lawyer game by taking client service to a different level. We focus heavily on client communication which includes returning phone calls promptly. We work hard to build long-term relationships with our clients and are always looking for ways to add value to their businesses beyond our legal services. We are also working on a subscription service for our clients, which would allow them to pay a set monthly fee for legal services.
What's your favorite thing about the Oregon cannabis industry?
My favorite thing about the Oregon cannabis industry is the people. The vast majority of people we meet either as clients in the firm or through our many networking opportunities are genuinely good, hard-working people. I also enjoy being part of a new and highly regulated industry, which constantly challenges me as an attorney.
What should people be mindful of when entering the industry?
We have several blog posts on this subject, which you can find here. I think it’s critical to to create a business plan. It doesn’t matter how great your product is or how skilled you are as a grower, without a well-written business plan, you will have a difficult time succeeding. If you are going into business with partners, make sure you create a properly registered company and have professionally drafted governing documents for your new business.
You’re collaborating with Sativa Science Club. What are you doing exactly and what’s it like to help educate the community?
We are corporate and strategic counsel to them and will also be teaching classes on Oregon cannabis business and compliance law. Classes do not begin until later in the spring, but we are very excited to educate individuals interested in launching new business in the industry. We have spoken at other seminars and it’s always enjoyable to share our knowledge with the community.
What are Green Light Law Group’s goals for 2018?
Our goal is to continue to provide excellent service to our clients and grow the firm. We are hoping to add more lawyers and support staff this year and open a new office in Bend and Medford.