Growth Industry: Law firms got into cannabis legalization game early, but are still working hard to keep up with sector

Sills Cummis Managing Partner Max Crane talks about the cannabis industry and the Firm’s established cannabis industry practice group.

“Max Crane, managing partner at Sills Cummis & Gross, said the need for legal clarity extends to any involved business or vendor.

“‘What you’re finding is that a lot of institutions, particularly in the financial space, are looking to us for guidance on what they can do, what they can’t and what’s still a gray area that might need to be handled differently than how they usually do business,’ he said.

“At a time when law firms are valuing industry-specific expertise over more of a generalist perspective, law firms can’t afford not to have attorneys on staff who are in the know, Crane added.

“Sills Cummis was another of the law firms that planted a flag in the ground early in New Jersey’s cannabis space. It’s glad to be able to offer an inside track for interested clients today.

“‘Cannabis is still a very hot, active area of the law,’ Crane said. ‘We expect that to continue to be the case.’”