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Law

The cannabis conundrum Many financial institutions could lose out on billion-dollar marijuana industry (access required)

The North American legalized cannabis market is worth anywhere from $10 billion to $50 billion, according to some estimates. New Jersey, with a dense, fairly well-off population could capture a sizable chunk of this pot of gold. The dispensaries and other legal outlets will have to put their money someplace for safekeeping, but there is some...

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Harvesting new business Evolution of NJ cannabis market presents big opportunities for local firms

As support for legalization of recreational marijuana use gains steam, lawyers are gearing up for a bumper crop of business. A recent Rutgers-Eagleton poll shows 58 percent of state residents favor the legalization of adult use, and legislation is expected to be introduced before the end of the year. Meanwhile, the state has expanded its medical...

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