Gordon Rees Scully Mansukhani Cannabis, Hemp & CBD practice group co-founder, Douglas Smurr, has authored a feature article entitled "Has The Green Rush Gone Bust? The View from the 50 States and a Glimpse into the International Future" published by Cannabis Law Journal.
The article examines the challenges faced by the multi-billion dollar cannabis industry in the capital marketplace. Specifically, it examines the recent downturn in mergers and acquisitions brought on by the current economic uncertainty, political inaction by Congress and the White House, a jumbled playing field at the state and local level, and by the cannabis black market. Even with these difficulties, the article concludes that the legal cannabis market will continue to grow and eventually cannabis will become a commodity traded in the international world markets.
Smurr has maintained an active cannabis and hemp practice since 2008, representing clients at the municipal, county, state, and court of appeal levels. He currently represents one of the largest cannabis entities in the United States and jointly represents clients in various states in the hemp, CBD, medicinal and adult-use cannabis sectors. His extensive cannabis, hemp and CBD practice covers licensing, regulation, land use and permits, business formation and structuring, mergers and acquisitions, international investment, banking, insurance, compliance with federal and state regulatory agencies, intellectual property, governmental relations, and related state and federal litigation.
To access the full article, please click here.