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Corporate Law Firms Start Embracing Cannabis Industry

Posted by Clay Steward on Sep 7, 2017 12:05:06 PM

Eight states have legalized the recreational use of marijuana, while an additional 29 states and the District of Columbia permit medical use. The legal cannabis market reached an estimated $7.2 billion in 2016, and is on track to create more than 250,000 new jobs by 2020. The stigma associated with marijuana use is also fading, as a 2017 poll found that 61% of Americans believe marijuana use should be legalized. In other words, cannabis is a booming business – and the legal services industry is taking notice.

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Topics: Law Firm, Big Law, Communications, marijuana