Business & Tech

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Law firm Foley Hoag launches marijuana practice

Foley Hoag is all-in on marijuana. No, you won’t see clouds of smoke emerging from the high-end law firm’s Seaport headquarters -- well, let us know if you do -- but a handful of its attorneys have launched a cannabis practice. The idea is to attract some of the big-money pot players sniffing around the state’s forthcoming recreational pot market, which is projected to be worth $1 billion-plus but is currently shrouded in legislative and regulatory uncertainty.

“It’s highly technical regulatory work that requires attorneys who know both politics and the law,” says Kevin Conroy, a former deputy attorney general and onetime Martha Coakley campaign manager who’s leading the new practice. “We see some similarities to the [2012] gambling initiative, which we worked on.”

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Before launching the practice, Conroy polled similar law firms in pot-friendly states such as Colorado. Turns out they made a bunch of money -- or, as Conroy puts it, “they had success bringing in clients who could pay our rates.”

Foley Hoag has launched a blog to track potential changes to the marijuana initiative approved by voters last year, and is already talking to prospective clients.

Oh and for what it’s worth, Conroy hasn’t smoked weed since college, and “never particularly loved it.” -DAN ADAMS

Dan Adams can be reached at daniel.adams@globe.com. Follow him on Twitter @Dan_Adams86.
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