Vandeventer Black LLP, a business and litigation law firm headquartered in Norfolk, Virginia, launched a new Hemp and Medical Cannabis law practice. This practice will focus on helping businesses face the complex federal, state, and local laws governing the cultivation, processing, dispensing and sale of cannabis, cannabis-derived products, and hemp products.

“The rapid expansion of the medical cannabis industry, and recent increased hemp production in the United States, has created significant opportunities for new business ventures and investments,” said Anne G. Bibeau, partner of Vandeventer Black.

Businesses engaged in, or even considering, this highly-complex industry would be wise to seek legal counsel, due to the many challenges in this rapidly expanding industry. Hemp and cannabis businesses, like any other, need to be well-informed and prepared for all types of issues, including, banking and financing processes, licensure and certifications, cybersecurity threats, environmental regulations, construction, land use, real estate, tax, commercial transactions, and others.