04.12.2019 | Firm News
Burr & Forman Expands Services To Hemp Industry With Addition Of Agriculture Funding & Lending Group
Burr & Forman LLP recently added the Agriculture Funding & Lending Group (AFLG) to their list of services, consisting of a team of practitioners with experience in the corporate, finance, tax, lending, real estate and regulatory spaces. Primarily focused on projects related to the hemp industry, the AFLG practice will place a particular emphasis on capital raising (equity and debt) activities, corporate transactions related to businesses throughout the industry’s supply chain and structuring financing transactions.
Attorneys in this group will provide services to producers, suppliers, product manufacturers, wholesalers and retail CBD locations, as well as lenders, funds and other financial institutions. Actively involved in the ABA Subcommittee on Cannabis and Alcoholic Beverages Law as well as leveraging significant experience with the Food and Drug Administration (FDA), the practice will help clients navigate regulations on what can be sold, imported, exported, packaging and marketing requirements, and under what circumstances specific regulations may apply.
“Burr & Forman has a long history of working with clients in rapidly changing and heavily regulated industries,” said Tucker Herndon, Agriculture Funding and Lending practice group leader. “We have seen an increased demand from clients throughout various vertical industries related to the hemp industry who need the guidance of a firm that is up-to-date on the nuances of the law and how that will affect their ability to do business in this emerging arena.”
The attorneys in the AFLG practice are experienced in all aspects of projects related to the hemp industry, from financing to providing guidance throughout the cultivation and distribution of industrial hemp and derivative products. In the broader agricultural industry, the group works with agents, lenders and borrowers across the spectrum of financing for loans secured by crops, livestock, timber and other goods used in farming operations.
For more than a century, Burr & Forman LLP’s experienced legal team has served clients at the intersection of business and government with local, national, and international interests in numerous industry and practice areas, ranging from commercial litigation and class actions to corporate transactions, including bankruptcy and restructurings. A Southeast regional firm with 360 attorneys and 19 offices in Alabama, Delaware, Florida, Georgia, Mississippi, North Carolina, South Carolina and Tennessee, Burr & Forman attorneys draw from a diverse range of resources to help clients achieve their goals and address their complex legal needs. The firm operates as Burr Forman McNair in North Carolina and South Carolina. For more information, visit the firm’s website at www.burr.com.