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56 The US-Israel Legal Review 2019
US: CANNABIS LAW
plant,
Cannabis sativa
, but from different varieties
or cultivars that have been bred for different uses.
In fact, Hemp andMarijuana are genetically distinct
forms of cannabis that differ by their use, chemical
makeup and different cultivation practices.
There are 500 natural components found within
the
Cannabis sativa
plant, of which over 100 have
been classified as “cannabanoids,” or chemicals
that are unique to the plant. The two most well-
known are delta-9-tetrahyrdocannabinol (THC),
the psychoactive cannabinoid that gives Marijuana
users their “high,” and Cannabidiol (CBD), the
plant’s main non-psychoactive cannabinoid.
CBD can be derived from both Hemp and
Marijuana and may have therapeutic effects on
certain conditions including anxiety disorders,
movement disorders, cognition and pain. It can be
ingested in multiple ways, including by inhalation
of smoke or vapor, via an aerosol spray into the
cheek, or by mouth. It may also be supplied by
tinctures (essentially CBD-infused alcohol), CBD
oil containing only CBD as the active ingredient,
capsules or as a liquid solution. In 2017 and 2018,
CBD products spread to natural food stores, beauty
aisles and cafes. By one estimate, the CBD market
alone is poised to hit $22 billion by 2022.
FOX ROTHSCHILD CANNABIS LAW PRACTICE
Legalized cannabis is a rapidly expanding
industry in the United States, with a growing list
of jurisdictions now regulating its use for medical
and/or recreational purposes. Fox has assembled a
national team of skilled and experienced attorneys
to assist cannabis businesses at every step.
Fox has experience working for highly regulated
businesses and navigating the constantly evolving
matrix of state compliance regulations. We also
have deep experience in corporate and financing
work, including banking, entity formation and
venture capital.
Cannabis growers, distributors, processors,
investors and others also turn to Fox for practical
and efficient advice on tax issues, real estate,
intellectual property and employment law.
n
ABOUT THE AUTHORS
Bill Bogot, Partner, Co-chair Cannabis Law
Practice
Bill represents clients in highly regulated
industries, particularly gaming and cannabis.
He is co-chair of Fox’s Cannabis Law practice and
counsels clients in the medical and recreational
cannabis space in multiple states across the US
Bill is a trusted adviser to both public and private
cannabis companies. Bill is a member of the
National Cannabis Bar Association and a member
of the Editorial Board of the
Cannabis Law Journal
.
E: wbogot@foxrothschild.com
T: 312.517.9205
Joshua Horn, Partner, Co-chair Cannabis Law
Practice
Joshua understands the needs of businesses in the
rapidly expanding and highly regulated market for
legalized cannabis. He is part of a multidisciplinary
team at Fox that provides comprehensive services
and guidance to legal Marijuana businesses and
is a sought-after authority on complex cannabis
law issues. Joshua chairs the Employment Issues
Subcommittee of the Philadelphia Bar Association’s
Medical Marijuana and Hemp Committee, serves on
the Editorial Board of the Cannabis Law Journal and
is a member of the Pennsylvania Bar Association’s
Medical Marijuana and Hemp Law Committee.
E: jhorn@foxrothschild.com
T: 215.299.2184
CONTACT:
Fox Rothschild LLP
2000 Market Street, 20th Floor,
Philadelphia,
PA 19103-3222,
USA www.foxrothschild.com
By one estimate, the CBDmarket
alone is poised to hit $22 billion
by 2022.