Factors to be know before setting up a Marijuana Business
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• Although few states have made marijuana business as legal, but the federal government still considers it as illegal. • You won’t get bank loans, as pot is federally illegal. • Consult a lawyer and let him / her explain the law about opening up such business. Get a valid license to avoid unwanted issues.
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• Even in states where marijuana is legal, government officials are tasked with oversight, meaning plenty of regulations, controls and enforcement. • The market is so new that it faces significant unknowns including price stability, black market competition and regulatory complexity, all leading to significant risk.
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