Fox Releases National Survey on Cannabis Laws and RegulationsAugust 31, 2016 – Press Releases
Responding to the needs of businesses in the legalized cannabis industry, Fox Rothschild LLP has published a National Survey on Marijuana Laws and Regulations to provide a quick reference guide to the relevant laws and statutes governing marijuana cultivation, sales, distribution and use in the United States.
Legalized cannabis – for medical or recreational purposes – is a rapidly expanding industry in the United States, with various states, including California, Colorado, Delaware, Illinois, Maryland, Nevada, New Jersey, New York, Pennsylvania and Washington, as well as the District of Columbia, regulating its use. Navigating the various state compliance regulations – while the consumption of marijuana, regardless of its intended use, is still prohibited at the federal level – can be a daunting task.
Fox’s multidisciplinary Cannabis Practice, which has been assisting clients for more than a year, consists of more than 30 professionals throughout the firm who have long-standing experience solving legal challenges for clients who operate within highly regulated industries. The team counsels growers, distributors, processors, investors and others in this important new market, including suppliers of ancillary products and services.
Attorneys in the group regularly assist clients in business entity formation and the creation of operational plans and shareholder agreements; real estate and land use planning; acquisition of cultivation and dispensary licenses; preparation and filing of required state forms; compliance with relevant state regulations; and assistance with U.S. Department of Treasury issues for banking and financial services clients, and more.
Fox is currently representing the Cannabis Consumer Coalition and has advised clients on Illinois’ Compassionate Use of Medical Cannabis Pilot Program Act as well as similar laws in other states where the product is legalized and regulated.
Fox has a long history of servicing clients that operate in highly regulated industries. The firm has an established Gaming Practice that handles high-level regulatory matters and guides companies on licensing, compliance, financing and operational issues, both domestically and abroad.
For more information on Fox’s Cannabis Practice, please contact Nicholas Casiello, Jr., (Fox’s Cannabis Practice Chair) Joshua Horn (Fox’s Pennsylvania cannabis contact) or William Bogot (Fox’s Illinois cannabis contact).
*Please be mindful that possessing, using, distributing and/or selling marijuana is a federal crime, and no legal advice we give is intended to provide any guidance or assistance in violating federal law nor will it provide any guidance or assistance in complying with federal law. Please also note that we are not advising you regarding the federal, state or local tax consequences of engaging in any business in this industry.