Kronick Launches New Practice Dedicated to Cannabis Law

Servicing clients throughout California, firm experts will help emerging cannabis businesses navigate new state and local regulatory requirements.

Today, Kronick announced its new Cannabis Law practice group to support clients navigating the myriad issues that arise from operating in the cannabis industry. The practice will offer a multidisciplinary approach to counseling cannabis clients on matters related to regulatory law compliance, corporate transactions, state and local tax, employment law, energy and water rights.

Our location on Capitol Mall and our experience with California policymakers and local agency and state regulators will allow the practice to offer clients valuable insights into the state's complex and evolving regulations governing the cannabis sector.

Industry experts anticipate that the passage of Proposition 64 (Adult Use of Marijuana Act) on the November 2016 ballot will lead to a $6.5 billion cannabis market in California by 2020. The rapid growth of the industry's size coupled with uncharted subject matter for California lawmakers will lead to an increased demand for legal services from experienced regulatory attorneys. Kronick clients benefit from a firm with a proven track record of gaining the necessary knowledge and experience to protect them as the law and regulations develop.

Kronick's Business Services practice group maintains a state-wide practice assisting regulated industries such as healthcare, banking, beverage and food manufacturing, construction, technology solutions and agriculture. The skill sets from these practice areas will immediately benefit businesses entering this new industry, including investors, private equity funds, cultivators, manufacturers, distributors, retailers, testing labs, and public agencies drafting local laws regulating the cannabis industry.

"Over the past several years, the number of inquiries from current and prospective clients on the impact of legalized cannabis in California has continued to increase," said Kronick's managing shareholder, Bruce Scheidt. "Our Public Agency practice group continues to advise cities on drafting and implementing their medical marijuana ordinances. We felt that launching our Cannabis Law practice group was an appropriate step in taking a leadership position within the industry and being a resource for both public agencies and private businesses operating within that space. We're confident that our work within the regulatory process will be of great benefit to all of our clients."

Kronick plans to increase its visibility within the trade associations of this emerging industry and will expand its public speaking and publication schedule in the coming months to address this new industry's most pressing legal issues.

The practice is led by Hanspeter Walter, a shareholder who practices in water, environmental, administrative, and land-use law, with an emphasis on regulatory compliance, water rights, water quality, and other land-use matters, and Senior Counsel Gabriel Garcia, a corporate and regulatory attorney, has worked as in-house counsel to a Fortune 100 medical device corporation and as a legal consultant with a management consulting firm.

To commemorate the practice’s launch, Kronick will host a free "Lunch and Learn" event on December 8, 2016 that will explore the potential legal impact of recreational use on the current state of the cannabis market. 

About Kronick

Kronick Moskovitz Tiedemann & Girard is a full-service law firm with offices in both Northern and Southern California. Our dedicated legal team collectively represents a diverse mix of private business and public sector clients. 

 

Media Contact: Heather Ward (916-321-4577, hward@kmtg.com)