The “green rush” of legalized recreational marijuana is a boon not only for the cannabis growers and retailers of the Valley region, but also for the legal industry. A wave of new regulations that went into effect Jan. 1 has sent pot entrepreneurs scrambling for counsel from lawyers.

“What we’ve got now is a transition from 20-plus years of gray area to permits and new licenses – the foundation of a billion-dollar industry,” Eric Shevin, a criminal defense attorney and founder of Shevin Law Group in Encino, told the Business Journal. “(Business owners) are leaning very heavily on lawyers to help structure their businesses and stay compliant.”

Read the full story in the Feb. 19 issue of the San Fernando Valley Business Journal.