Offit Kurman Attorney Jason Klein Quoted in Washington Lawyer Article About Cannabis Business Opportunities and Challenges
Bethesda MD | April 10, 2018 – Jason Klein, an attorney with Offit Kurman’s Cannabis Law Practice Group, was quoted in a recent Washington Lawyer article entitled “Risky Business Clients, Cannabis & the Law.”
The article, which appears in the magazine’s April 2018 issue, interviews several industry leaders on the unique financial opportunities and legal challenges cannabis businesses face. The article also charts the “explosive growth” of the cannabis market and delves into the ongoing questions and political disputes in the gray area between state-led cannabis legalization efforts and federal statute. Mr. Klein and others profiled in the piece assert that regardless of one’s political stance toward the subject, it is time to recognize the reality that cannabis is a thriving, serious business—and that it is poised for even greater growth in the years to come.
“When medical marijuana takes hold in the state, it creates jobs and investment opportunities,” Mr. Klein told the magazine. “Once that state allows for recreational use, it quickly creates more jobs and more investment opportunities.”
Mr. Klein also commented on his role as an attorney and advisor for cannabis companies, referring to the legal practice area as “business law with a twist”:
“Think about all the things you need to do for any start-up business, and then add some extra concerns and needs because it is such a regulated industry. So, you are answering questions like, how do we raise money? How do we hire employees? How do we get this from being a plan to an operational business? And then you address whatever the state law requires for licensing and other compliance.”
To read “Risky Business Clients, Cannabis & the Law”, click here.
Cannabis has been legalized for adult recreational use in nine states, as well as the District of Columbia, and is licensed for medical purposes in 29 states. Since 2016, the US cannabis market has grown by roughly 33%, and analysts believe the market is still in its infancy. Offering a full-service suite of legal services, Offit Kurman’s Cannabis Law practice group is dedicated to helping cannabis businesses ensure compliance, connect with others, and succeed in this dynamic and fast-paced industry.
To learn more about Offit Kurman’s cannabis industry counsel, resources, and events, click here.
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