Starting a cannabis business is far from simple.
Evolving regulations and the unique challenges presented by federal marijuana prohibition mean entrepreneurs must navigate a complex business landscape.
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If you’re looking to enter the cannabis industry, here are five steps to get your business venture off the ground.
1. Master cannabis regulations
This is the challenging step.
Cannabis laws vary dramatically by state, and sometimes even by city or county.
What’s legal in one place might be strictly prohibited just a few miles away.
Before you think about developing a business plan, you must:
Understand federal vs. state law: Cannabis remains federally illegal in the United States, which creates significant hurdles for banking, taxation and interstate commerce. You need to be fully aware
Read full article on Marijuana Business Daily
