10 Factors to Consider Before Accepting Marijuana Donations
Weighing your options – nonprofit perspectives in Colorado
Thinking about accepting donations from a marijuana retailer? Attorney Tom Downey wants you to consider these 10 factors before making your decision.
Does the donor align with your mission?
Are you treating donors with marijuana businesses differently than any of your other donors?
What is the PR impact, if any, for accepting donations from those in the marijuana industry?
Will your other donors respond negatively or positively?
Are there any issues with a marijuana business donor’s name, logo, etc. being promoted in your collaterals or on your website?
Are you developing a long-term relationship, or is this a one-time donation?
Do you need additional approvals to accept this donation?
If the donor is a marijuana business, has it supplied a Letter of Compliance?
Does the donor want recognition for the donation? If so, what level and how public?
Have you conferred with your own legal counsel about this?