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Megan E. Moyer, left, and Kevin M. Levy, right, of Saul Ewing Arnstein & Lehr. Megan E. Moyer, left, and Kevin M. Levy, right, of Saul Ewing Arnstein & Lehr.

Fifty years ago, the first states began to decriminalize simple possession of marijuana. Shortly thereafter, some began to authorize the use of marijuana for medicinal purposes. Ten years ago, Colorado and Washington broke barriers by authorizing individuals older than 21 to use marijuana recreationally and that number has since expanded to 11 states across the country. Today, in 22 additional states (33 total), at least some form of medical marijuana is legal, introducing a budding new industry of prospective marijuana-related tenants to the market, including dispensaries and growing facilities. Nevertheless, marijuana business advocates still face legal risks since the substance in most forms remains illegal under the federal Controlled Substances Act.

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