Eppen Comments on Future of Recreational Marijuana Law in Massachusetts
04 October 2017
Law360
Partner Ron Eppen is quoted in a Law360 article, “A Guide to Marijuana Legalization in Massachusetts,” about the implementation of a new law legalizing the recreational use of marijuana.
If Massachusetts follows in the path of Colorado and other states that have already legalized marijuana, Eppen said, the small not-profit dispensaries now operated by people who are in it for the culture will likely be replaced by big for-profit corporations that are in it for the money.
“What you’ve seen as the type of dollars that are involved have gotten larger and larger, is a professionalization of cannabis companies, in terms of their management,” he said. “Along with this has come basically a rush of investors who are looking to get in on the action, because the types of returns you can get from investment in a cannabis company are significantly more beneficial to investors than a typical early stage venture capital.”
If Massachusetts follows in the path of Colorado and other states that have already legalized marijuana, Eppen said, the small not-profit dispensaries now operated by people who are in it for the culture will likely be replaced by big for-profit corporations that are in it for the money.
“What you’ve seen as the type of dollars that are involved have gotten larger and larger, is a professionalization of cannabis companies, in terms of their management,” he said. “Along with this has come basically a rush of investors who are looking to get in on the action, because the types of returns you can get from investment in a cannabis company are significantly more beneficial to investors than a typical early stage venture capital.”
People
Related News
14 February 2025
In the News
Brian Wheeler Joins Podcast to Discuss Legal Journey
Foley & Lardner LLP partner Brian Wheeler joined the Hsu Untied podcast to discuss his legal career.
14 February 2025
In the News
Pavan Agarwal Featured in Leadership Q&A – 'Reflecting our firm’s core values drives me to do my best'
Foley & Lardner LLP partner Pavan Agarwal is featured by Law.com for his career journey, legal practice, and leadership in the article, “How I Made Practice Group Chair: ‘Keep Listening and Keep Learning,’ Says Pavan Agarwal of Foley & Lardner.”
14 February 2025
In the News
Judith Waltz on Trump Administration Deregulation Order, Impact on CMS
Foley & Lardner LLP partner Judith Waltz commented on the Trump administration's executive order requiring federal agencies cut ten regulations for each newly created one in the Modern Healthcare article, "CMS may evade Trump's sweeping deregulation order."