We appreciate the opportunities presented by the emerging cannabis industry and are committed to helping clients navigate the complexities of federal, state, and local laws and regulations. Our dedicated legal team develops creative and agile business solutions that allow businesses, lenders, investors, cultivators, processors, caregivers, transporters, landlords, and others to address current contradictions between agencies and jurisdictions, without limiting future options when those contradictions are resolved. Foley has played a key role in some of the highest profile transactions in the industry to date.
Foley’s Cannabis Industry Team advises clients on best practices regarding corporate formation and finance, joint ventures, tax strategies, industry-focused compliance programs, patent and intellectual property protections, real estate leasing, multistate licensing, SEC compliance, and in connection with government investigations involving the Department of Justice, the SEC, and other enforcement authorities.
Our attorneys serve as insurance counsel for both cannabis businesses seeking coverage and insurers weighing risk management concerns, and as employment counsel for non-cannabis companies managing drug-testing policies that address their staff’s off-duty usage. Our team is particularly mindful of the health care industry’s interest in marijuana, and regularly advises hospitals and long-term care facilities on legal compliance during patient care.