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The Impending Wave of Lawsuits Coming to the Cannabis Industry
Manage episode 294571045 series 2928557
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Oh man. I just opened a barrel of lawsuits with this conversation. I’m sincerely worried that this episode is going to add gas to the inevitable cannabis lawsuit fire of 2018...First, I want to give it up to my man, Ian Stewart for an awesome and incredibly illuminating interview! Ian is a Partner in Wilson Elser's Los Angeles office. He is chair of the Wilson Elser’s Cannabis Law Practice Team. We met while serving as chairs for the C.L.A.B. LA chapter in 2017.
Ian didn’t skip a beat when it came to answering my questions. Do you know why that is? It’s because the questions I asked aren’t new, and now they are a reality. The main catalyst for the impending wave of lawsuits: a little thing called LEGALIZATION. Legalization provides a uniquely challenging set of regulations to adhere to, making this industry a juicy target for litigious people/companies/firms. Shit is about to get ugly. I mean, even I was getting excited at the thought of suing a bunch of companies for misrepresentation so I can afford to chill on the beach for the rest of my life...
Topics:
Class action lawsuits
Competition lawsuits
Consumers suing technology
Consumers suing companies
Companies suing the local government
Companies suing companies
Companies suing labs
Labs suing labs
Legalization = Compliance = Lawsuits
Lessons:
- Paper Up
- Lawyer Up
- Want to make big money in the cannabis industry? Become a lawyer!
- In cannabis, it’s: compliance and/or financial death
Credits:
Producer: Barry Krauss
Sponsor: Soil to the Oil Advisory and Media
Podcast Links:
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