The legal cannabis business is a rapidly developing industry. It is a natural progression for the cannabis community cannabis pr agency
. This plant has been around for thousands of years and has been used for a variety of medicinal purposes by tribes across the world.
Today, it is widely accepted as a safe and therapeutic alternative to prescription pain medication and other pharmaceuticals, such as ibuprofen and acetaminophen Suboxone online. However, many are still skeptical about the safety of this new medical marijuana industry and wish that there would be more transparency in the industry regarding the production and distribution of this highly beneficial product.
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Fortunately, the solution to this problem lies in establishing a legal framework within which the cultivation, processing, and sale of this plant can occur. The first step towards this goal is having marijuana regulated at the state and local level.
Currently, twenty-nine states in the United States have legalized medical marijuana and twelve more have plans to do so in the near future. These numbers will undoubtedly rise in the coming years as more states move forward with reforms designed to make the legal cannabis industry more transparent and sensible about who regulates and distributes this valuable product.
In addition to the states, the federal government should also regulate the industry in some fashion. Until very recently, the Controlled Substances Act dictated that manufacturers, pharmacies, and suppliers were allowed to participate in the distribution of this substance. While the CSA does not currently regulate the distribution or marketing of legal cannabis, it could very well do so in the very near future.
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With this in mind, entrepreneurs that wish to take advantage of this booming business need to jump on the bandwagon sooner rather than later. Just as the CSA has been able to garner a significant amount of support from stakeholders and authorities in the medical marijuana sector, it is also essential that the government has come out in support of this emerging industry.
It is important to understand why there is a need for regulating the medical cannabis industry. At first blush, it appears that there is no need for regulation – that there is simply too much profitability available to any regulated entity. However, there are a number of issues with this premise.
Chiefly, while there is a lot of money to be made as a result of operating a legal, licensed cannabis business, there are also significant operational and management issues that go along with the business. This is something that entrepreneurs should be cognizant of before they jump into the industry, and they need to be conscious of the risks and costs involved with the legal cannabis industry prior to embarking on their venture.
One of the most obvious reasons that investors are interested in investing in this industry is because it is seen as a lucrative one. With sales estimated to reach over $20 billion per year, it is easy to see how much potential this industry has and why there are a growing number of institutional investors looking at it as a potential market destination.
As such, there are a number of factors that should be considered when seeking the top legal cannabis investment opportunities. For starters, entrepreneurs should consider whether they wish to participate in an already regulated industry or if they want to start their own enterprise and operate within an unregulated industry.
For many entrepreneurs, the idea of operating their business solely within an unregulated environment makes them wary. After all, if the government cracks down, so does their investment in the industry! That said, it is important to remember that the government’s main objective is to keep cannabis illegal, not regulate it.
That being said, there are some powerful incentives that can be offered to businesses that are members of licensed medical cannabis associations – including taxes, job creation benefits, and business credit. Regardless of what side of the legal cannabis industry investors decides to invest in, it is important to understand that they will likely have to invest large sums of money in order to achieve success, so it is important that they know what they are getting into before they get started.