With more states legalizing the recreational use of marijuana every election, the legal world has a new practice area blazing its way to the top of the industry.
More than half the country has lightened up on its marijuana laws and that has brought forth many new business and investors. What is usually needed when new businesses boom? Lawyers. The states that have legalized the recreational use of marijuana have begun facing all sorts of legal issues. To be blunt, cannabis laws are ripening for all the growers, dispensaries and occasional smokers. As legal as it is in states like Colorado, California, Massachusetts, just to name a few, it is still illegal on a Federal level. For those trying to cash in and the uncertainty of what the law truly is, lawyers with standard practices – such as employment, corporate, real estate, and insolvency – will find themselves learning more about cannabis to service a growing clientele.
Competition amongst the lawyers who have begun to make a name for themselves in this area is steadily growing. Soon enough some of the major law firms will build teams to fight the battles that the marijuana industry is facing. The benefit for law firms who add cannabis law to their portfolio is how much it will help their corporate, taxation, health, labor and employment and litigation practices.