Lawyers, like those of Vicente Sederberg LLC, have a rich history in meeting up with the criminal side of drug dealing, but now as cannabis becomes legalized in states across the country, attorney’s have been working diligently to keep sellers and growers legitimate.
Researchers from The ArcView Group, a cannabis industry investment and research firm based in Oakland, California, found that the U.S. market for legal cannabis is growing rapidly.
While legal on all fronts in Colorado, the drug remains illegal under federal law, and as such, lawyers are prohibited from assisting in criminal behavior per the American Bar Association’s rules of professional conduct.
While attorneys walk a fine line between federal and local laws, there is a great need for specialized legal practice in the marijuana industry. The industry is complex, involving contracts, regulatory compliance, trademarks, real estate transactions, and tax compliance, to name a few. Attorney’s are gingerly taking steps to delve into this burgeoning industry, while making sure to keep themselves and their clients on the right side of the law.
Brian Vicente, partner and founding member of Vicente Sederberg, notes: “Our clients are trailblazers, building a new and vibrant industry from scratch. Each and every one of them has made a conscious decision to assume a certain level of risk in order to change the course of history.” Vicente continues, “As trailblazers ourselves, we take pride in being with them every step along the way, helping them navigate and overcome unique legal and regulatory challenges.”
Keeping all legal aspects in mind, lawyers at Vicente Sederberg like partner Christian Sederberg are careful to focus on providing advice about what state marijuana laws do and don’t allow, and decline to answer questions about how clients can bend the rules.
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