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Tracking Cannabis

Tracking Cannabis

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Opportunities and risks for cannabis tenants

Gayle Smith Mercier December 21, 2018
Cannabis farm and greenhouse facility

With medical cannabis now legal under Missouri law, the coming industry creates new opportunities for real property owners interested in expanding their businesses. However, several risks and questions remain, and entities interested in utilizing real property for cannabis businesses need to be aware of the current issues and possible solutions. READ MORE

Thompson Coburn advises clients on state laws governing the business of cannabis to facilitate compliance with those state laws. Federal laws concerning cannabis currently conflict with state laws in states that have legalized cannabis or possession of cannabis. Although federal enforcement policy may at times defer to these states’ laws and not enforce conflicting federal laws, interested businesses and individuals should be aware that compliance with state law in no way assures compliance with federal law, and there is a risk that conflicting federal laws may be enforced in the future. In addition to this Cannabis-specific note, readers should review Thompson Coburn’s Conditions of Use / Disclaimers page containing other important information.