Cannaverse said that they will leverage the legal expertise of Rothschild’s experience in dealing with the matters pertaining to the Cannabis industry.
On Monday, June 27, Cannabis-based Metaverse platform Cannaverse Technologies officially retained Fox Rothschild LLP as its legal counsel as it seeks to build the first-ever cannabis-focused Metaverse, Cannaland.
The Cannaland Metaverse will allow users to “set up locations, advertise, and converse virtually with the feel of real-world experiences”. Besides, Cannaland will have a virtual mainstreet featuring places where users can experience several retail concepts including consumption lounges.
Legalized Cannabis is becoming a rapidly expanding industry in the United States. Thus, to assist Cannabis businesses with all the legal aspects, Fox Rothschild has been expanding its team of skilled and experienced attorneys.
Accomplished Cannabis attorney Vijay Choksi leading Fox Rothschild’s efforts for Cannaversetech™. Choksi has a major understanding of cannabis businesses thereby serving regulatory and commercial legal needs of clients “in the medical and adult-use marijuana sectors”.
Needless to say, Choksi possesses strong knowledge of state and federal laws and regulations to govern legal cannabis. He’s also well versed with the CBD sectors and health care and understands its practical implications for operations. Vijay Choksi, Counsel for Fox Rothschild, said:
“We have experience working as counsel for highly regulated businesses and are familiar with navigating the constantly evolving matrix of cannabis compliance regulations, having helped draft some of the legalization legislation. We look forward to helping guide Cannaversetech™ to navigate the complicated regulations in this new digital medium.”
Addressing Challenges of the Cannabis Industry
Considering that there have been some crucial aspects of the legality of the Cannabis industry, there have been major challenges in the sector. Mark Bonner, CEO of Cannaversetech™ said:
“We are thrilled to welcome Fox Rothschild as Cannaland’s official legal counsel. As this emerging industry faces unprecedented issues, Fox Rothschild is uniquely qualified to help us navigate the industry’s complexities, especially while the consumption of cannabis remains prohibited at the federal level.”
Cannaversetech™ is the creator behind the world’s cannabis metaverse project Cannaland. It pioneers in “cannabis product marketing, manufacturing, and merchandising” using the innovative blockchain payment system. Cannaversetech believes that its blockchain-based meta marketplace will revolutionize the global cannabis industry by connecting several hemp communities in the Metaverse environment.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
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