ANALYSIS: What’s Next in Cannabis Law?

Deregulation has created a substantial and profitable U.S. cannabis industry. But while now a multi-billion dollar industry, and more or less legal in 48 states, cannabis is still not just another agricultural product.

Cannabis innovation and investment are booming, but existing restraints on a range of laws—including employment, banking, and interstate commerce—persist. And an emerging health crisis is creating new liabilities.

As a consequence, cannabis businesses still operate in a degree of legal limbo, keeping business risks high and providing myriad advisory opportunities for entrepreneurs, lawyers and other specialist advisors.

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