Law firms are beginning to find a niche representing investors and other clients in cannabis ventures even though pot is still illegal under federal law.
A treacherous business to a large segment of Big Law, the growing recreational and medicinal cannabis industry has caught the eye of firms who see opportunity and the chance to build a new base of clients.
Christopher Barry, who co-chairs Dorsey & Whitney’s growing cannabis practice, said he didn’t initially seek out the work. A client found him.
“A large foreign investor from Asia called me up and said they wanted to make a big ...