cannabis practice

Sheppard Mullin Latest Big Law Firm to Launch Cannabis Practice

is the latest Big Law firm to start a cannabis practice as the nation’s largest law firms embrace a once-illicit market now partly legal in more than two-thirds of U.S. states.

The -founded firm said on Tuesday it would launch a team of 70 attorneys from 12 offices focused on the cannabis industry, which one of the firm’s partners said will account for $12 billion in global spending in 2018.

Illinois last week became the 11th state to and the first to make the sale of legal via the state legislature, according to the . It remains illegal under federal law.

At least a dozen other Big Law firms market cannabis practices, including , , , , , .

Source: Roy Strom | Big Law Business