what should i ask an attorney about marijuana business

Ask An Attorney: How marijuana business owners can prepare for 2018

• Taxes and Records – Keep it Tight. Taxes matter. They show a business has complied with California law, documented...
• Clean Up Your Past and Document It. Though many people in the cannabis industry have never been convicted, dealt with...
• Track and Trace. As we know, the State of California will require...

Full Answer

What do you need to know before starting a marijuana business?

Apr 19, 2017 · Ask An Attorney: How marijuana business owners can prepare for 2018 Taxes and Records – Keep it Tight. Taxes matter. They show a business has complied with California law, documented... Clean Up Your Past and Document It. Though many people in the cannabis industry have never been convicted, dealt ...

What are some business ideas for the cannabis industry?

Sep 22, 2020 · The legal marijuana market is also constantly changing as new laws and policies are enacted. For this reason, if you are at all interested in entering the legal marijuana business, and you are not going to hire a lawyer, it is not something …

Do you need a license to run a medical marijuana business?

Oct 18, 2019 · The legal marijuana (or cannabis) industry has grown exponentially since California first legalized the herb for medical use in 1996. In fact, combined marijuana retail and wholesale sales reached $2.7 billion in 2014, according to the ArcView Group, a marijuana business investment, and research firm. The legal marijuana industry offers ...

How to become a cannabis retailer?

Marijuana Business Daily put out a useful chart showing the profitability of each type of cannabis business— take a look here. Understand your consumer base Once you have a winning idea, it’s vital to know who is going to be interested in your products or services and to deeply understand their particular wants and needs.

How many states have legalized cannabis?

Over half of the United States already have legalized cannabis in some form—that’s 29 states plus the District of Columbia. Many states have only legalized cannabis for medical use, but that’s gradually changing as well. Currently, one in five Americans lives in a state where they can use cannabis recreationally, without a doctor’s note.

Who is Mike Bologna?

Mike Bologna, CEO of Green Lion Partners, a Denver-based business strategy firm focused on early-stage development amongst firms in the cannabis industry, explains how essential a viable business idea is for aspiring cannabis entrepreneurs: “When considering starting a business in the cannabis industry, entrepreneurs must first ensure their concept ...

Who is Bethany Gomez?

Bethany Gomez is director of research for Brightfield Group, a cannabis-focused market research firm providing accurate and comprehensive consumer, brand, and market insights in the industry. Here’s what she has to say on the matter:

Who is the CEO of Altitude Products?

Krista Whitley, CEO of Altitude Products, a Las Vegas-based conglomerate of cannabis companies such as Social Media Unicorn, a canna-brand marketing and sales agency, and the Vegas Weekend Box, a monthly variety box of Las Vegas’ top cannabis products, agrees that a good relationship with your consumers is essential: ...

What happens if you don't play by the rules?

Even if you have a brilliant business plan, plenty of funding, and excited consumers that want what you’re offering, if you don’t play by the rules, you’re going to get shut down, get hefty fines, and could even go to jail. Let’s try to avoid that, yes?

How much marijuana will be sold in 2021?

In 2016, marijuana sales in North America grew by a massive 30 percent, and sales are projected to reach $20.2 billion by 2021. This is a huge deal, especially considering the industry is still in its infantile stages. There are still many gaps waiting to be filled by those who are forward-thinking and innovative enough to realize this is ...

How much is the cannabis industry in Colorado?

Since legalization in 2014, Colorado’s regulated cannabis industry sales have topped $6 billion. And sales are projected to reach $50 billion by 2026 — further proving the potential of a lucrative industry. Here’s what you need to know before starting a marijuana business and the steps to take if you decide to enter the cannabis industry.

Is marijuana legal in the US?

Since marijuana isn’t legalized on the federal level, and national prohibitions prevent the interstate sale of cannabis, big businesses have generally stayed away from the cannabis industry thus far — making it a prime industry for local businesses to enter.

How much does it cost to start a medical marijuana dispensary?

In states where medical marijuana is legal, marijuana businesses typically need to pay around a $5,000 non-refundable application fee for starting the business. (In Louisiana it’s only $150 to apply, but in New Jersey, it’s $20,000.)

What is a public defender?

A public defender is an attorney and most are very experienced and good at what they do despite a somewhat sordid public opinion. Even a first offense marijuana charge can have severe consequences such as a loss of your driving privileges , not to mention fines & costs, probation, and possibly jail. Stick with an attorney just to be on the safe side.

Is a traffic stop a minor charge?

Depends upon whether you have a defense. It's a minor charge with only a fine if convicted, but it will be on your record. If it was a traffic stop, there may be an illegal search issue, it would be wise to contact an attorney.

Can you get a public defender for possession of less than an ounce?

If you're accused of possessing less than an oz in California, you are not entitled to the Public Defender's services. Simple possession is an infraction, just like a traffic ticket. It's a small fine and no mandatory court appearance. Don't waste your money hiring a lawyer. If you're accused of anything more serious than simple possession (e.g. intent to distribute, transportation, etc.), then you should definitely speak with a private attorney to discuss your options before you make any decisions in the case.

What is retailing cannabis?

Retail is one line of business that every product goes through before it gets to consumers. Depending on which state you reside, you can become a cannabis retailer by retailing cannabis products. You can do this in a storefront setting with basic products.

How much will the cannabis market be in 2021?

That number is projected to increase to $21.6 billion by 2021. The cannabis market has come to be known as a very lucrative market to get into and many people are looking for ways that they can cater to the consumers in this market so that they can make a profit for themselves.

Is marijuana legal in 2021?

If YES, here are 30 best Marijuana or Cannabis related business ideas & opportunities for 2021. The cannabis industry can be said to be an emerging industry, though there has been a recent explosion with the legalization of medicinal and recreational cannabis in some states in the United States. Medicinal marijuana is now legal in 28 states ...

What is a cannabis event planner?

From weddings and birthday bashes to educational seminars and product launches, a cannabis event planner can help a broad scope of clients with tailored services. You should be ambitious, charismatic and possess an eye for detail to execute a pot party effectively, and to attract the right kind of clients.

Is cannabis a plant?

But research has shown that cannabis is the real name of the plant, the scientific name. Cannabis comes in many different forms and the main strains of the plant are Cannabis Indica, Cannabis Sativa, and Cannabis Ruderalis.

Do you need a license to make marijuana?

Producing marijuana does require a license, so you will need to know the application process in your state. 2. Process cannabis. Much marijuana production is done by large companies, but there are plenty of consumers who prefer a product that has been personally processes in a distinct and controlled environment.

Can you start a marijuana delivery business?

Marijuana or cannabis is a medicinal plant that always needs to be in a controlled environment if you want to keep all its components intact. If you live in a state that has legalized the use of both recreational and medical marijuana, you can start a marijuana transportation and delivery business.