Is Ensuring Compliance with Cannabis Rules and Regulations Important for Tamping Down on Illicit Markets?
Compliance is one of the biggest deterrents to entry into the marijuana industry. For most, it is costly, cumbersome, and confusing. It is also non-negotiable. Medical marijuana is legal in 34 states and the District of Columbia, with legalization under consideration in a handful of other states. Many states have also authorized recreational use. All […]
In the midst of a global pandemic and economic downturn, legal cannabis is surfacing as a recession-proof industry. The economic impact of cannabis in the United States has increased state tax revenues and created more jobs. It has also impacted real estate prices and progressed social equity. 2021 was a big year for the U.S. […]
The idea of owning and operating a cannabis dispensary is often romanticized. It’s not as simple as finding a consistent cannabis source and hanging a sign on the door. Nor is it as simple as buying a business with a functioning cash register. In fact, cannabis is one of the most regulated and taxed industries […]
We hear a variety of objections that boil down to some form of “I’ll take my chances.” The statement implies that the cost of compliance with marijuana regulations is greater than the cost of non-compliance, but is that really true? The answer, of course, is that it depends. Cost of Compliance The cost of compliance […]