“Medical Cannabis Updates and Why I started in the Medical Cannabis Industry.”
As an Ancillary Service Provider to the Industry, helping Government, Private/Public Cannabusinesses, and the General Public, it's important to keep in mind where this started (the War on Drugs) and who is effected (culturally and demographically) by our impact in helping usher in a new era.
As you begin to operate in the Medical Cannabis Industry, staying compliant with all the nuanced regulations at the Federal, State and Local levels is necessary to running your Medical Cannabusiness and ultimately staying in business.
Knowing the type of Medical Cannabusiness you want to own and where you want to open up shop is the first step, obtaining the license to effectively operate in the Medical Cannabis Industry is a entirely unique challenge.
With the help of a distinct name or logo, your Company can distinguish itself among your generic competitors, however, with 21st Century technology, your intangible assets are at more risk than ever before.
When deciding how to form your Medical Cannabis Company, there is value in understanding the various legal structures, the amount of record-keeping required, the degree of liability you will be faced with, and the ability to position your company to scale.
Once you commit to opening a business in the Medical Cannabis Industry, choosing the business’s trade name and the products you intend to sell in your specific market will have a long-lasting effect on the trajectory of your business.
Before you can plant a single seed, or get the chance to make your first sale, potential licensees should first identify their role within a State's Medical Cannabis program, and then develop a plan on how to adapt in a maturing market.