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Given the new California law permitting the recreational use of marijuana, countless more lawyers are invariably asking themselves the same question: Should I break into the marijuana law business now?
If you're only doing it for the money, you might want to reconsider as the green gold rush isn't likely to trickle down too far or for too long or to you at all. And if you're doing it because you like using marijuana, again, you might want to reconsider as that's an idea that hasn't even made it to the oven to get half-baked. If you're into compliance and bureaucracy though, pot law may be calling your name.
But, also, if you are interested in watching and helping a new type of highly regulated business develop (or just struggle with keeping it's easily earned and highly taxed money), now might actually be the time to become a marijuana business lawyer.
A New Highly Regulated Business
For lawyers in California, we're about to see a whole new business type emerge. Probably a few actually. All built around California's legal marijuana laws. From pot growers, to pot candy makers, delivery services, and retail storefront businesses, there are quite a few potential pot clients out there.
While the regulations may just be a whole bunch of bureaucracy and red tape, there's likely to be a few moving targets along the way, clearly evidenced by many cities' failures across the state to launch on time in accordance with the law which requires local regulation.
For lawyers in other parts of the country, it is high time to watch and learn, as you know what happens in California is eventually bound to happen everywhere. California has a heavy tax on marijuana, as do the other states that legalized it before. Also, California and the other legal marijuana states have a heavy burden to be the ones to establish the policing protocols. If your scholarly legal interests are peaked by the legal ramifications of a state as large as California legalizing marijuana, you might want to consider getting involved.
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