WHAT TO AVOID IN ORDER TO SUCCEED IN

CANNABIS BUSINESS

• Do you have a recreational marijuana business in place? If you do, then here are some of the top things to avoid in order for you to succeed.

Consultants Who Dwell On Statistics To

Get You A License •Keep a close eye on whoever

promises to get you a marijuana license and want to use statistics to back up their credibility. The truth is depending on your state of residence, pot license can either be tough or easy to find.

•For instance in Arizona and Washington pot licenses are given on a luck basis (lottery

system). So whoever guarantees you 100%

success rate, asks for equity, or demand premium prices

before the license is out could be a big time hoax.

Chaotic Or Messy Marijuana Trade Organizations

• You must have been told that pot is usually illegal in the eyes of federal law, well that’s true! To be safe you must not use pot money to fund any illegal entities, or criminal corporations. Due to this many pot owners resort to joining ideal trade organizations or starting up say a sensitization program. Whichever way you choose watch out for chaotic or messed up trade organizations that have no goals, ideal marijuana policy, progress, or any vital protection – these are time wasters.

Self Proclaimed Marijuana Real Estates Agents

• Expert real estate agents don’t really have time for cannabis properties. Meaning that, any one of them who claims cannabis property expertise might easily be a con. To find the right realtor for your cannabis business find someone that’s got at least basic understanding of the state laws that relate to marijuana real estate, local land use, and zoning regulations.

• The very best realtors will agree to sign a non disclosure agreement that prevents them from telling your competitors about your location.

Use Of Any Holding Companies That You

Have Got • Truth is as a cannabis business getting a bank account might be

really tough. Many banks and credit unions are giving hand offs to the marijuana industry. But either way, it makes no sense for you to run your cannabis money through a holding company and in turn use that holding company to secure a bank account. This can easily put you on the wrong books of the federal law leading to federal charges including laundering of drug money – be honest and stay patient.

Listed And Publicly Traded Recreational Cannabis

Businesses• There are many risks that come with buying stocks in a publicly traded marijuana

company.

•It could be inheriting the company’s losses or carrying around the sordid backgrounds of the entity. So while there are a lot of ancillary pot businesses today, in how to open dispensary in Colorado we learn that caution must be taken for anyone who wants to invest in the platform. Protect your money, be cautious, do your research, and succeed.

Conclusion •There are a lot of things to avoid when it comes to pot

business in order to succeed including the people who claim the capacity to get you a regional trademark. So before doing any pot business take your time to do a

thorough research.