The Passamaquoddy Tribe closed a major sale of verified carbon offset credits generated from Tribal trust lands. Drummond Woodsum attorneys Michael-Corey Hinton and Aaron Pratt represented the Tribe in this transaction. By encouraging natural forest growth over 98,000 acres of Tribal land, the project preserves stored carbon in the forest and enables an additional revenue stream through the sale of carbon offsets, also known as carbon credits.
Could Maine’s famous tourism attractions include cannabis social clubs in hotels, or “bud-and-breakfast” inns complete with in-room vaporizers and cannabis gift bags? What about farm-to-table dinners with marijuana-infused ingredients? Possibly, said attorneys who offered opinions about the potential business opportunities ahead for Maine’s hospitality industry.