Law360, New York (March 9, 2017, 5:24 PM EST) -- As several of the United States are evolving into allowing new cannabis businesses to flourish in our economy, the need for proper estate planning is on the rise for owners of such cannabis based businesses. This concept of proper estate planning specifically applies to individuals that own and operate cannabis related businesses, whether in the form of a dispensary, a grow operation, a processor of material, a provider of ancillary items such as lighting or chillers, a manufacturer of extraction machinery, an edibles company, a landlord or any other related area.
The concept of estate planning for the cannabis client involves...
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