Matt Maurer speaks to Lexpert about how legalization of recreational cannabis has created a whole new market
Matt Maurer, of Torkin Manes' Cannabis Law Group, speaks to Lexpert about how legalization of recreational cannabis has created a whole new market.
Cannabis is the new kid on the block in agriculture. Legalization of recreational cannabis created a whole new market, with a new regulatory regime, eye-popping share prices and cultivation processes that were starting from scratch.
But cannabis has graduated from infancy to adolescence, and with that comes new problems and challenges. The industry has suffered from the inevitable hype cycle that new products often do, where companies have gone from valuations that were through the roof to market consolidation and insolvencies.
Securities litigation is the latest challenge for these adolescent companies. A regulatory wild west has also created huge uncertainty for cannabis producers. “I think [litigation is] going to continue to increase as time goes on, but right now I’m seeing, too, challenges against regulatory bodies for making decisions or refusing to make decisions,” says Matt Maurer at Torkin Manes LLP (Cannabis Sector Litigation on Rise).
This article was originally published in Lexpert.
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