Industry
Cannabis
Our Cannabis Law Practice Group is dedicated to providing our clients with a comprehensive understanding of the laws and regulations surrounding the cannabis industry.
Our attorneys have experience working with highly regulated businesses to guide them through the continuously developing grid of state and federal regulations. Our innovative thinking and collaborative approach allows our attorneys to provide counsel to governing bodies, cannabis entrepreneurs, hemp producers, and any auxiliary businesses on issues involving intellectual property, employment law, land use, zoning and municipal law, healthcare law, licensing, and regulatory compliance. We are a full-service firm and provide guidance from the beginning of a cannabis venture, throughout the licensing process, day-to-day operations and beyond.
The cannabis industry continues to expand rapidly showing no signs of slowing down as more states legalize marijuana and hemp production increases. With the growing number of states allowing medical or recreational cannabis, this emerging market is expected to grow its revenue from $8.5 billion in 2017 to $31.8 billion in 2023. We recognize the complex and sometimes conflicting relationship between federal and state laws in the cannabis industry and serve as strategic business partners to provide our clients with informed guidance in compliance with legislation. Our experienced attorneys effectively navigate the nuanced landscape of the cannabis industry, with a commitment to our clients’ success at the forefront.
Experience
Disclaimer: Using, possessing, distributing and/or selling marijuana is illegal under federal law, regardless of any state law. Businesses and individuals should be aware that compliance with state law does not assure compliance with federal law. Federal laws may be enforced in the future. Legal advice provided by Montgomery McCracken is designed to counsel clients regarding the existing and/or proposed cannabis law. No legal advice we give is intended to provide any guidance or assistance in violating federal law.
Cannabis Leadership
SHARED THINKING
New Guidance on Recreational Cannabis Taxation and Cannabis Business Deductions in New Jersey
As more states legalize medical and recreational cannabis, it is essential that cannabis business owners stay informed of any developments in state and local government regulation of recreational cannabis businesses. […]
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Cannabis Practices Foresee Business Boom as Pennsylvania Eyes Legal Recreational Marijuana
Pennsylvania lawmakers are working on a bill to legalize cannabis for adult recreational use in Pennsylvania, and local law firms stand to gain a boom in business if it passes […]
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New Jersey Enacts Legislation Allowing Cannabis Business Deductions
On May 8, 2023, the State of New Jersey enacted legislation affording cannabis businesses certain business deductions for purposes of New Jersey state income tax. The new law departs drastically […]
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New Guidance on Recreational Cannabis Taxation in New Jersey
It is an exciting time to own a cannabis business in New Jersey and, amidst the excitement, it is essential that cannabis business owners stay informed of any developments in […]
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