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Expert Analysis

Federal Marijuana Law Vs. Calif. Institutional Investors

Law360, New York (August 5, 2015, 3:11 PM EDT) -- The Bar Association of San Francisco recently issued an advisory opinion addressing the ethical conundrum faced by California lawyers when undertaking legal representation of medical marijuana businesses. The Ethics Committee concluded that lawyers may ethically represent medical marijuana businesses despite the federal illegality of the enterprise, so long as they limit their legal advice and assistance to activities permissible under state law and advise their client regarding liability under federal law and other potential consequences under both federal and state law.[i]...

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