Cannabis finance regulation vet Feldman opens his personal agency

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  • David Feldman is a former Duane Morris hashish group lead
  • Feldman Legal Advisors will work along with current consulting store

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Former Duane Morris apply chief David Feldman launched a brand new regulation agency Monday targeted on the fast-expanding hashish and psychedelics industries.

Feldman Legal Advisors will middle its work on enterprise and transactional issues, working alongside Skip Intro Advisors, the hashish and psychedelics-focused consulting store Feldman arrange in 2019.

He co-founded the advisory enterprise whereas at Hiller, a New York-based boutique agency the place he labored after leaving 800-lawyer Duane Morris. He helped construct up hashish work on the Big Law agency, after becoming a member of in 2015, and co-led the hashish trade apply there.

Law corporations giant and small have just lately entered the hashish regulation enviornment, which presents no scarcity of novel authorized and regulatory points for attorneys. Goodwin Procter, Akerman, Cozen O’Connor and Foley Hoag are among the many huge corporations which have hashish groups.

Feldman, who serves as CEO of Skip Intro Advisors, will probably be managing accomplice of his eponymous regulation agency, in line with its web site. Two different attorneys from Hiller are becoming a member of him: patent lawyer Gretchen Temeles as of counsel, and Melissa Greenberg as an affiliate.

Hiller declined to touch upon the group’s departure.

Feldman stated he jumped into the hashish area in 2013, after years as a company and securities lawyer doing work in enterprise capital, preliminary public choices and mergers and acquisitions at a number of regulation corporations, together with considered one of his personal. His work in IPO alternate options, equivalent to direct listings and reverse mergers, led him to get his begin with the hashish trade, Feldman stated.

After organising Skip Intro, which advises firms on a variety of monetary, strategic, know-how and branding issues, “it just made sense for me to do the same with my law practice, and go back to … where I am the happiest, which is running my own shop,” Feldman stated.

The authorized and consulting practices collectively can present purchasers a “one stop shop,” he stated. The companies are separate entities however share overhead, assets and administrative assist, Feldman stated. He goals to develop the regulation agency by including extra experience in areas like tax and actual property.

Feldman sees extra alternatives for corporations to serve hashish purchasers, as he stated federal legalization is on the horizon in some unspecified time in the future, within the U.S.

“I think the regulatory burden is going to be much more enhanced upon legalization, and you’re going to need the help of good, smart, knowledgeable lawyers even more once that happens,” Feldman stated. “There’s going to be a role for small firms, as well as big firms, and room for everybody to play and benefit from it.”

Read extra:

Cannabis pioneer Sederberg: New Big Law competitors ‘means we’re successful’

Holland & Hart faucets Greenspoon apply chief for brand spanking new hashish group

Big Law’s hashish practices eye N.Y. growth as state revs up for leisure gross sales

Sara Merken

Sara Merken studies on privateness and knowledge safety, in addition to the enterprise of regulation, together with authorized innovation and key gamers within the authorized providers trade. Reach her at sara.merken@thomsonreuters.com

Droplets of oil form on the surface of a Cannabis plant in a state-owned agricultural farm in Rovigo, about 60 km  (40 miles) from Venice, September 22, 2014. REUTERS/Alessandro Bianchi/File Photo