COMMERCE Magazine: When the Smoke Clears, Cannabis Will Be the Garden State's New Cash Crop
Lee Vartan was featured in a COMMERCE Magazine editorial roundtable exploring how law firms are preparing clients for the legalization of cannabis in New Jersey.
According to Lee, "The biggest universal challenge for clients (and the firm) is preparing for all-but-certain legalization in a form that is still very uncertain. There are competing bills in the New Jersey Legislature, and no one knows whether oversight will ultimately be housed in an independent commission or somewhere else, what the tax rate will be, or innumerable other details. But what we do know is that, regardless of the final form of any bill, the state licensing body is going to be focused on applicant diversity, as well as evidence of support from the local community and a location that is appropriately zoned. At CSG, we have been working with clients to shore up those pieces now, so that when the legislation is passed, and an application period is open, our clients can move without delay. Our advice is simple: legalization is coming, and the time to prepare is now."