Recent reports predict that the global legal marijuana market will grow to 66.3 billion USD by 2025, with a compound annual growth rate of more than 25%. The cannabis industry is on the cusp of a revolution, and as the industry grows, so too will its appetite for seasoned and ambitious legal professionals.
Lawyers entering cannabis companies now are primed to play major roles in an industry still in its infancy. In-house cannabis lawyers operate at a very sophisticated level, interacting regularly with senior level management, developing new skills and taking on new responsibilities, and building up their own teams. Given the nature of emerging companies, in-house lawyers are in front of senior management and the board early and often. By coming in at the ground floor, lawyers have the opportunity to not only make meaningful contributions to the company they work for, but also to the industry as a whole.