Leader of Manatt’s Cannabis and CBD practice Anita Famili spoke with POLITICO about how federal illegality is impacting cannabis businesses in states that have new recreational marijuana markets. In the article, Famili noted that marijuana companies are at a disadvantage when it comes to federal taxes, saying “the cost of doing business for weed companies is just much higher than any other business.” That said, she believes federal legalization is inevitable, adding “the industry is not just going to close shop and walk away.”
To read the complete POLITICO article, click here.
Famili's comments were also referenced in The American Lawyer's Higher Law newsletter (subscrption required).