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Law and Profits
Attorneys play a key role in Nevada's complex cannabis industry, but their very involvement falls in an ethical gray area.There are scores of standout names among the well over 1,000 owners and officers of marijuana businesses that have sought or won licenses in Nevada.
There are former high-ranking state lawmakers, philanthropists who sit on the boards of prominent charities and real estate developers who have left their fingerprints on casinos and shopping plazas throughout the state. There are well-known lawyers and judges and former law enforcement officers.
The mix reflects the high bar that Nevada officials set for entering a heavily regulated market for a substance that still remains illegal on the federal level. Among other things, business entities seeking a medical marijuana license in 2014 were required to have at least $250,000 in liquid assets and enough resources to cover a year of operations.
Below are some of the more recognizable lawyers and community pillars who are, or have been, involved in the state’s marijuana business. Look out for coming installments of “The Cannabis Files” for more notable names from The Nevada Independent’s ownership analysis.
Read more: https://thenevadaindependent.com/article/the-cannabis-files-law-and-profits