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Cannabis Counseling: Recreational marijuana could mean bigger business for law firms

A multitude of businesses cropped up following the legalization of medical marijuana in Connecticut, a pattern likely to repeat if the state follows the same path with recreational pot. The trend has been fertile soil for the legal industry, with some law firms forming practice groups dedicated to cannabis law. Gov. Ned Lamont proposed legislation aimed at legalizing recreational marijuana early this year. As of late April, the Judiciary Committee had approved it, and lawmakers are slated to continue debating it in the coming weeks. Supporters are optimistic it will get the necessary votes to pass. Recreational marijuana is expected to bring in up to $952 million in new state tax revenues over a five-year period, with the potential for 17,462 new jobs in that timeframe, according to a report from UConn’s Connecticut Center for Economic Analysis.

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