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Mar 26, 2019

Welcome to RIMScast. Your host is Justin Smulison, Business Content Writer at RIMS, the Risk and Insurance Management Society.


This week’s guest is Nikolas Komyati, an attorney at the law firm, Bressler Amery and Ross. He is a Principal and Practice Area Leader for Bressler’s Cannabis Law Practice Group. Within that role, he advises clients with regards to licensing, financial, regulatory, and compliance issues for cannabis and hemp companies, as well as ancillary businesses who work within the industry. His vast network in the cannabis industry has even earned him the moniker of “cannabis concierge” from his clients.


Today, Justin and Nik are discussing cannabis legislation and legal issues at the state and federal level. They discuss Nik’s views on how influencers within the industry are trying to shape it, unexpected risks for cannabis business owners, how he advises business owners who are trying to get their business off the ground, and much more.


Key Takeaways:

[:15] About today’s episode.

[:31] About the RIMS Annual Conference 2019.

[1:01] About the upcoming NextGen Forum 2019.

[1:18] This episode is inspired by “Canna Business” by TESTAMENT!

[1:52] Welcoming Nik to the podcast!

[2:45] Justin clarifies today’s discussion.

[3:04] How Nik has advised companies when navigating between the sometimes confusing state and federal laws.

[5:57] How Nik has advised cannabis businesses when opening a bank account and selecting an insurer.

[9:10] Would Nik say there’s cautious optimism with the banks, businesses, and insurers in regards to the cannabis industry?

[14:22] Nik describes conversations he’s had with business owners when they’re trying to get their cannabis business off the ground.

[17:22] Nik talks about unexpected risks that have arisen from business owners.

[21:38] Nik’s view on how the influencers within the industry are trying to shape it, and the kinds of conversations he has been privy to in terms of the 5, 10, and 20-year outlook of the industry.

[25:02] Justin thanks Nik for joining this week’s podcast.

[25:34] If you have any email questions, feedback, or suggestions, you can email Justin at!


Mentioned in this Episode:

RIMS Annual Conference 2019

NextGen Forum 2019

“Canna Business” by TESTAMENT

Nik Komyati

Bressler Amery and Ross

Bressler’s Cannabis Law Practice Group

SAFE Banking Act

Risk Management Monitor

Risk Management Magazine

RIMS Feb. 2019 Legislative Review (members-exclusive):

Risk Management Monitor coverage of the RIMS Legislative Review


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Follow up with Our Guest:

Nik Komyati’s Profile on Bressler Amery and Ross