Stephen J. Olsen of Gawthrop Greenwood. Courtesy photoIn 2021, most people can be forgiven for feeling as though investing in cannabis companies is completely legal and without risk. After all, the vast majority of states allow adult use, medical use, or at least some type of CBD use, and the federal government’s Farm Bill in 2018 rescheduled hemp-derived CBD.
Investors can now purchase interests in cannabis companies on various reputable exchanges, and many people have increased their wealth by investing directly in closely held companies, or investing early in public companies. More and more, estate planning attorneys find themselves working with individuals who have invested in cannabis companies and are dealing with estates and trusts that hold interests in cannabis companies.
