The use, sale and cultivation of recreational cannabis have been legal in California for over six years now. The industry is booming and multiple businesses are turning a significant profit. That being said, it is by no means easy to navigate the cannabis industry.
You’ve been thinking about forming your own company for some time now and everything is finally coming into place. You have the capital, the branding concepts and a reliable team behind you. Nonetheless, there are still plenty of roadblocks you could face. Outlined below are some important factors to consider.
1. Restricted land use
In some ways, it might be great if you could just choose a plot of land and get going with your business. The reality is that this just isn’t how it works. Choosing the land that you on which to cultivate or sell your goods is one of the most important decisions you’ll make for your company.
In California, some areas of land are restricted in terms of what types of activities can be conducted on them. If you purchase a plot of land with zoning restrictions, then it could be hard to get your company off the ground. At the very least, you may face some objections which take several months to settle.
2. Attached stigmas
Just because the sale and cultivation of cannabis are legal in California, that doesn’t mean everyone agrees. There are still many individuals who disagree with the legalization of this product, and they could potentially make your life difficult. If you plan to lease a commercial site rather than buy, prospective landlords may not always agree with your intentions.
Forming a cannabis business is by no means easy. But, if you get it right, it can be a very profitable venture. As you try to establish your brand, be sure to have legal guidance behind you at each step of the way.