Lawyer Offers Five Facts to Know Before Starting a Marijuana Business

As a lawyer for the Cannabis industry, Steve Schain says he helps entrepreneurs, “dodge landmines” and hold onto their revenue. He works on marijuana finance and business issues including application submission, regulation interpretation, and lawsuits. Here he lays out five important things for any budding entrepreneur to remember when they embark on a cannabusiness venture.

If You “Touch The Product” Things Are Much Stricter. The cannabis industry is divided into two main groups: Those who “touch the product,” like growers, processors and dispensers, and those who don’t, like sellers of ancillary products like vaporizers, lab testing services and cultivation products. Businesses that touch the plant are intensely regulated and must strictly follow additional rules and precautions, so be ready to track details.

– Read the entire article at Forbes.