The recent legalization of marijuana in many states for recreational purposes has made Cannabis Industry a significant aspect of American Laws. The vibrant industry that revolves around a little green plant is not so little anymore and is worth approximately 61 billion dollars. (2021 stats)
Experts predict that this figure will continue to rise as federal and state regulations are lowered. Now cannabis is no longer a taboo subject; instead, it is a hot topic for many entrepreneurs, investors, and manufacturers.
A lot of Americans want to cash in on this new opportunity. As perceptions are rapidly changing regarding cannabis, it is being presented in good light. So, business opportunities associated with it are continually expanding and making headlines.
So if you are an individual or a corporation seeking to enter this on-the-rise industry, do proper research. Even though laws surrounding marijuana are dwindling, the unpredictability and change in regulations need to be taken into account before investing in such opportunities.
There are many federal and state laws that dictate cannabis products. They revolve around:
- Zoning and Leasing
- Land-use and Laboratory testing
- Cultivation and Production
- Label compliance and packaging
- Sales and marketing
- Supply chain and Distribution
- Usage and customer support
- Financing and Banking
- Licensing and taxation
- Employment and other critical functions
Therefore you must be aware of all these regulations and restrictions before the little green plant can make you many green dollar bills
To ensure you abide by all these applicable legal and practical requirements, contact us. With our extensive knowledge of cannabis law and its application, we can help you navigate USA’s highly-regulated cannabis arena and provide you with business savvy legal advice. With our support, you can achieve commercial success in the cannabis industry,
