In a few weeks, the citizens of Ohio will consider whether to legalize recreational and medical marijuana and many more states will be considering legalization in November 2016. When a state legalizes marijuana, it sees a multitude of benefits, including increases in tax revenue, new job creation, and a less burdened police force. It sure beats prohibition.
But operating a cannabis business in a recently legalized state is no easy task. Our cannabis attorneys have seen business owners face similar challenges in every state that has legalized cannabis, whether for medical or recreational consumption. This industry is brand new and expanding rapidly, and growing pains are to be expected. Below are some of the most common problems we see in the industry in state after state.
- Raising Capital
- Consumer Liability Issues
- Marketing and Advertising Restrictions
- Regulatory Compliance
- Real Estate
- Federal Taxation
- Steep Barriers to Intellectual Property Protection
- Lack of Access to Bankruptcy Relief
Read “Operating A Cannabis Business: The Problems You Will Face. Part 1 of 2”: http://www.cannalawblog.com/operating-a-cannabis-business-the-problems-you-will-face-part-1-of-2/
Read “Operating a Cannabis Business: The Problems You Will Face. Part 2 of 2”: http://www.cannalawblog.com/operating-a-cannabis-business-the-problems-you-will-face-part-2-of-2/
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