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Chris Gismondi is Of Counsel in the Litigation & Regulatory Group at DLA Piper LLP (US). Chris litigates high-stakes, complex commercial and corporate governance disputes. Recently, his practice has focused on providing broad-based risk management, litigation and regulatory support to growers, financial institutions, manufacturers, distributors and retailers in the tobacco, vape product, and CBD/Hemp industries. He also defends corporate clients against claims for violations of the securities laws, breach of fiduciary duty, and breach of contract. He handles cases before state and federal trial and appellate courts, arbitrators, and mediators, working hand in hand with clients to develop aggressive, yet cost-effective, litigation strategies.

Interest in cannabis is at an all-time high. In 2020, Americans bought $18.3 billion in cannabis products, a $7.6 billion increase from 2019. The surging popularity of the plant is running parallel to the move towards legalized cannabis. With the removal of hemp from the CSA controlled substance list, and as ever more jurisdictions broadly legalize cannabis products (with New York being the latest), some financial institutions are finding it more compelling to “go green.” 
Continue Reading Financial Services in the Cannabis Industry: A Compliance Guide