Always ahead of the trend, Ruskin Moscou Faltischek established the Cannabis Law Group, headed by Arthur “Jerry” Kramer and Elizabeth S. Kase, offering comprehensive legal representation and counsel to clients seeking to enter New York’s newly established marketplace. Enacted in 2021, the Marijuana Regulation Taxation Act (MRTA) legalized the cultivation, sale, production, consumption, distribution and processing of marijuana plants. MRTA will have far-reaching effects and enormous impact on real estate, commercial enterprise, health care, employment, banking, and a variety of other businesses. With ten available license types ranging from cultivation to consumption, MRTA presents an unprecedented opportunity for individual participation in what will be one of the state’s fastest growth economic opportunities over the next five years.
New York State will promulgate regulations in the coming months. Understanding these regulations and their impact will require counsel experienced in real estate, corporate, health care, employment and criminal law. In addition, applicants will need the services of attorneys familiar with the legislative process and who understand the policy behind the adoption of this law and the implementing regulations. The state legislature placed special emphasis on providing economic assistance to underserved communities and those disproportionately affected by prior drug enforcement laws.
Attorneys at Ruskin Moscou Faltischek are involved in all areas that MRTA impacts. We assist our clients in navigating the minefield of issues that the law has created as well as the potential economic benefits that our clients can derive from this groundbreaking legislation. Every license applicant faces numerous legal hurdles. Our multi-faceted practice group provides the full scope of services to gain license approval and successful business practices in the cannabis space.
Our client services include:
- Business Formation and Reorganization
- Venture Capital
- Mergers and Acquisitions
- Public Offerings
- Commercial Contracts
- Employment Agreements
- Commercial Real Estate Transactions
- Lending/ Financing
- Private Placements
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