Why Your Cannabis Contracts May Be Unenforceable Even if State Law Says Otherwise | Bradley Arant Boult Cummings LLP
To embed, copy and paste the code into your website or blog: Few industries promise rapid growth equal to that of the cannabis industry, with one study projecting the industry could reach $30 billion in annual sales by 2025. This growth continues to accelerate as more states legalize cannabis for medical or adult use. But until federal cannabis laws are reformed, the illegality of cannabis at the federal level could render all contracts associated with cannabis – whether they govern insurance, banking, consulting, leasing, etc. – unenforceable. It is a basic tenet of contract law that a ...
Source: jdsupra.com