The Domino Effect: What Legalization on the East Coast Could Mean for the Rest of the U.S.
The East Coast has been greatly affected by the COVID-19 pandemic, but the market is a powerhouse in waiting with adult-use legalization on deck for New Jersey and pressure increasing for the same in New York.
Other states in the region are eyeing an expansion in their existing medical marijuana programs. Along with the market opportunities, this area has the potential to help shift the focus of political activity from the state to the federal level. Will the revenue opportunities be too great to ignore in these major markets?
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.
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