Formation Tips for Your New Cannabis Business
As with any new business, it is important to lay the right foundation for your marijuana business in Maryland . Because there are additional legal complexities involved in setting up a cannabis business, working with a lawyer with experience in marijuana laws can help you avoid future complications. These tips will help you establish your cannabis business, from cultivating cannabis to setting up medical marijuana dispensaries.
Start by focusing on creating your business structure and completing any partnership agreements, with the help of your lawyer. Next, turn your attention to applying for the proper business licenses. Cannabis businesses are subject to their own set of approval and zoning requirements, which your lawyer can assist you in meeting. With the proper approvals in place, you can turn your attention to traditional start-up activities, including hiring employees, establishing business relationships, and marketing your services. Maintaining a close relationship with your lawyer will help you stay on top of any changing legal requirements that impact your business so you maintain compliance with state and federal medical marijuana laws.