Cannabis

Cannabis

Overview

As the list of states legalizing cannabis for medical and recreational uses continues to grow, rapidly changing legislation and regulations present significant opportunities for investors and companies operating in the cannabis industry. Schiff Hardin’s multi-disciplinary team is committed to advancing the interests of the industry and we are prepared to help you navigate this evolving landscape.

Our lawyers leverage deep legal experience and the firm’s national footprint to help clients with the ever-changing and often conflicting matrix of federal, state, and local cannabis laws and regulations. Our attorneys monitor industry trends and legislative developments. We offer guidance and counsel in the following areas:

  • Labor and employment
  • Tax
  • Real estate
  • Mergers and acquisitions
  • Private Equity
  • Finance
  • Corporate formation
  • Intellectual property
  • Litigation and dispute resolution
  • Product Liability
  • White collar defense and internal investigations

Possessing, using, distributing, and/or selling cannabis or cannabis-based products is illegal under federal law, regardless of any state law that may decriminalize such activity under certain circumstances. Although federal enforcement policy may at times defer to states’ laws and not enforce conflicting federal laws, interested businesses and individuals should be aware that compliance with state law in no way assures compliance with federal law, and there is a risk that conflicting federal laws may be enforced in the future. No legal advice we give is intended to provide any guidance or assistance in violating federal law.

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Five Tips for Landlords of Cannabis-Related Businesses

Here are five tips to help landlords navigate the changing legal landscape and avoid some of the major pitfalls associated with leasing to cannabis-related businesses, as well as a look at how federal, Illinois, and New York law may apply. MORE

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Risks Remain for Banks Servicing the Hemp Industry

While the latest guidance on regulating financial services for hemp businesses may feel like a turning point, current banking regulations will likely continue to inhibit hemp businesses from integrating into the mainstream financial system. MORE