Cannabis

The Cannabis Industry
In 2017, legal cannabis sales nationwide reached nearly $7 billion. With several states legalizing or on the verge of legalizing the medical and adult use of cannabis, the legal cannabis industry in the United States is set to experience exponential growth, with spending on legal cannabis worldwide expected to reach $57 billion by 2027. New Jersey, in particular, is seeking to expand its medical cannabis program and legalize the adult use of marijuana, presenting enormous opportunities for entrepreneurs and businesses to enter or invest in New Jersey’s legal cannabis industry. In 2016, Florida legalized cannabis for certain medical conditions. The cannabis market in Florida is expected to exceed $1 billion by 2020. However, because the legal cannabis industry is still in its infancy in New Jersey, Florida and around the country, businesses that interact with or operate within this space face unique political, business, and legal challenges.

Bressler’s Cannabis Law Practice Group
The Cannabis Law Practice Group at Bressler consists of attorneys with skills and experience in a broad range of practice areas, providing its team with the depth and flexibility needed to help its clients capitalize on opportunities within the legal cannabis industry and to successfully navigate and manage the complexities posed by its piecemeal legalization within the United States. Bressler’s Cannabis Law team represents financial institutions, entrepreneurs, investors, and property owners in the legal cannabis industry, advising its clients in the following areas:

  • Anti-Money Laundering Compliance
  • Banking and Financing
  • Corporate and Real Property Transactions
  • Environmental, Land Use, and Zoning
  • Financial Crime Compliance
  • Intellectual Property
  • Labor and Employment
  • Licensing and Franchising
  • Litigation
  • Regulatory Compliance
  • Securities
  • Tax
  • Vendor Contracts

Bressler’s expertise in each of these areas gives it the unique advantage of being able to provide its clients with full service legal counseling in a rapidly emerging industry faced with myriad challenges and complexities.

Disclaimer: Possessing, using, distributing and/or selling marijuana or marijuana-based products is illegal under federal law, regardless of any state law that may decriminalize such activity under certain circumstances. Although federal enforcement policy may at times defer to states’ laws and not enforce conflicting federal laws, interested businesses and individuals should be aware that compliance with state law in no way assures compliance with federal law, and there is a risk that conflicting federal laws may be enforced in the future. No legal advice we give is intended to provide any guidance or assistance in violating federal law.