A man shows off his cannabis purchase outside the Quebec Cannabis Society (SQDC) store on the day Canada legalizes recreational marijuana in Montreal. REUTERS/Christinne Muschi
Cannabis has been a growing market for both big and boutique law firms in recent years. That’s in part because companies involved in cannabis often have to navigate the difficult grey areas that exist due to the compound’s federal illegality, even as it has gained legal status on some level in many states. As cannabis companies have expanded either nationally or internationally, both boutique law firms that specialize in cannabis and bigger corporate law firms that have gotten involved have had to grow A man shows off his cannabis purchase outside the Quebec Cannabis Society (SQDC) store on the day Canada legalizes recreational marijuana in Montreal. REUTERS/Christinne Muschiwith the industry. Business Insider asked some of the top VCs, startups, and multi-state operators in the cannabis industry who their picks for best law firms were. They came back with dozens of names. Here are the top seven firms that were mentioned the most. Cannabis companies in North America are engaged in an incredibly complex business.
They’re selling a substance that remains illegal on the federal level, even as it has become legal in some shape or form across many states in the US.
This often means seeking the advice of experts who can help companies follow laws and regulations, which are often in flux and vary from state to state. The industry’s growing size, expansion plans, and public-market debuts have only added to the complexity.