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5 Tips For Lawyers Entering The Cannabis Industry

Law360 (April 19, 2019, 2:44 PM EDT) -- Many professional service providers have reservations about entering the cannabis industry, despite the fact that as of 2017 the U.S. cannabis industry, including ancillary services, technology and products companies, was estimated to support over 20,000 businesses and close to 165,000 employees, a figure that is projected to increase to 250,000 by 2020.[1] That projection beats the expected job growth from the manufacturing, utilities or government sectors.[2]

While considering its massive potential, it’s also important to note that the cannabis industry faces challenges and limitations that most industries have never faced. Its illegal standing with the federal government makes it extremely risky...

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