Marijuana Startups: The Legal Challenges

Marijuana is considered in many countries as an illegal drug to possess or even sell. But thanks to science and medicine, the number of countries that are starting to legalize its possession and selling them has increased. While selling marijuana these days does look like a lucrative business, the legal challenges that you have to face may tire you out and eventually make you lose hope in opening up one. When you want to open a marijuana dispensary, you must be ready to face many obstacles on a law perspective ( checkout Vesoul divorce Avocat for more legal aspects )

 

Opportunities Abound

Indeed, it is understandable that opening up your own marijuana business is a steep battle, but the opportunities present in it are increasing every year. In fact, it is worth $30 billion. This is an approximate record of marijuana being spend by users every year. And this record is in the US only. Experts see the marijuana business as a staggering market and the number of entrepreneurs joining in the legal business of selling marijuana are hoping to cash on it, too.

 

With all the word out there that it is indeed a good thing for marijuana to be made available to the public, public opinion has its own limits. For entrepreneurs tackling into the “pot” industry, the path is proven to be paved with obstacles. Aside from the usual problems that all startup businesses face, they also need to deal with several roadblocks in advertising, discrimination on renting a space to do the business and the arduous regulations in banking. Don’t forget the federal law that outlaws the selling and possession of the product itself.

 

What about the law?

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This is one big hurdle, even several states are now changing its laws regarding medical marijuana. There are certain points in the law that if you breach it, you will be facing a lawsuit. When you sell mass-sold or used marijuana to the public, you are violating federal law, even if it is on the medicinal level. This is stated according to the Creative Edge Nutrition’s CEO Bill Chabaan. There is still that long arm within the system of the federal justice. Any given time, you could be put to jail. See more at http://www.mercurynews.com/2016/11/01/marijuana-startups-flying-high-with-california-poised-to-legalize/

 

This means that small business owners planning to open up marijuana dispensaries should keep it in mind of the hurdles they have to face. There are a lot of hoops they have to jump through the local and state level. Even in Colorado and Washington, cities, counties and towns possess the authority to place a moratorium when selling cannabis. Every business that are going in this industry must comply with all state and local regulations and ensure that they have all the licenses to sell and grow marijuana. This means that you need to understand what you need to do and what the industry is all about. This is not to be taken for granted. But if you do the opposite, you will certainly lose it. You will even be wondering how you got yourself behind bars when you were just opening your marijuana dispensary a few weeks ago.

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