Now that California and more than 20 other states have legalized the drug for medical use (not to mention the approvals of recreational use in Alaska, Colorado, Oregon, Washington state and Washington, D.C.) it seems like the law firms in said states are seeing dollar signs in specializing in marijuana law. I understand they're filling a specific hole that we're creating by legalizing things statewide & not nationwide but I can see this getting complicated federally speaking. Does this move speak further to the likelihood that marijuana will inevitably be federally legal?
At the state level they will be legal. But federally speaking, not anytime soon. A lot of the legal sellers are having a hard time keep their bank account open because they are dealing in Marijuana, and banks work under federal law. So they are having to store their money in the store and pay their workers in cash.
When marijuana becomes legal, it will open up endless other business opportunities. From producing, to selling and storage. Law firms that open up a special division to deal with it are just another part of that business.
When Marijuana becomes legal in all 50 states, then we will see a federal acceptance of Marijuana. I don't think that it will get accepted federally until all of the states legalizes it. If there are a few states that don't allow it, then forget it.