• August 2018
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What does it take to start a successful and legal cannabis business in the US?

My answer to What does it take to start a successful and legal cannabis business in the US?

Answer by Raad Ahmed:

I think that the most beneficial thing you can do for this type of industry, is have a solid understanding of it. Some people are attracted to the cannabis industry because they assume it’s an easy way to earn a profit, but that is far from the truth. Not only do you have to do the typical things associated with business, such as developing a business plan, establishing as solid team, and crafting a clear operations agreement—but you also have to be weary of additional things such as :

  • Finding a bank willing to work with you ( hint: not all of them will since there’s still the legality issues on the federal level.)
  • Having extensive knowledge about growing or hiring an expert.
  • Understanding all the legal requirement associated with the business.

Your best bet? Hire an attorney that specializes in cannabis business. Check out LawTrades for access to handpicked attorneys that can provide you quality guidance to get your business started. We offer affordable rates and flexible communication. Get in touch for a consultation.

What does it take to start a successful and legal cannabis business in the US?

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