In 2003 Augusto Maxwell traveled to Cuba with his client John Parke Wright to begin negotiating what would become the first sale of Florida cattle to the island nation in over 40 years. The following year, after some logistical acrobatics, the approximately $450,000 transaction was completed, and Maxwell’s practice in the country had begun.

Now, more than a decade later, those kinds of transactions are likely to become more frequent and profitable, thanks to an announcement last month to ease diplomatic relations between the U.S. and Cuba as well as to changes to regulations on trade and travel that went into effect on Friday.