In this 5-part podcast Law360 explores some of the murky legal scenarios playing out for cannabis businesses across the country.
The marijuana industry has been operating in the shadows for decades, but now it's legal in more than 40 states, with projected retail sales of $45 billion in the next five years. But marijuana remains federally illegal, creating a tension for the industry that can be seen in courthouses and statehouses around the nation.
For state-legal cannabis companies, taxation can put you out of business. Banking is a struggle. Intellectual property protection at the federal level is dicey. State regulations are complicated, and the legal ethics for attorneys helping federally illegal companies are hazy at best.
Join host and senior cannabis reporter Diana Novak Jones as she unpacks these issues through the stories of business owners and attorneys on the front lines.
Tom Girardi spent years as one of the most successful plaintiff's attorneys in America. He took on some of the world's largest companies in court and won hundreds of millions of dollars for victims. Girardi was a star who consulted on judicial picks, was showered with awards, and threw lavish parties to celebrate with friends and family.
But in 2020, it all came crashing down. For years many of the people he represented - plane crash victims, those injured in explosions, and people poisoned by companies - never got paid. Girardi's law firm shuttered, his reality-TV star wife divorced him, and he admitted to a federal judge that he is broke.
How did it all go so wrong?
Join Law360 investigative reporter Brandon Lowrey and Managing Editor Amber McKinney for a two-part podcast that unpacks what Girardi meant to the California legal community and how flaws in the systems meant to hold attorneys accountable let him escape public punishment for decades.