As cannabis continues to gain significant recognition and the market expands, businesses specializing in both recreational and medical cannabis are growing in popularity across the country. Accordingly, various provisions are set at both the federal and state level to regulate the manufacturing, sale, and distribution of cannabis. Today’s cannabis companies need to hire a lawyer who specializes in the legislation, risks, and trends associated with the industry to ensure compliance and maximize success. Below we explain three of the most important benefits of hiring a cannabis lawyer.
Cannabis lawyers are experts at satisfying complex business requirements.
As no uniform, national policy exists regarding the opening and operating of a cannabis company, specific requirements must be satisfied from state to state to establish and oversee a business in the industry. For example, since many states limit the number of operating cannabis companies, entrepreneurs must apply for licensure in their specific state before they may begin operations. These applications and licenses are typically complex, include expensive costs, and generate much competition. Cannabis businesses should strongly consider hiring a lawyer who is experienced in the cannabis industry to provide guidance and insight to ensure all application, financing, and licensing requirements are met.
Cannabis lawyers ensure your business remains compliant with federal and state laws.
As cannabis companies remain subject to various state and federal laws, business owners in this market must navigate and adhere to the ever-changing regulations throughout the manufacturing, sale, and distribution of their cannabis products. A lawyer with years of experience in the cannabis industry in your specific state can provide guidance and expertise as your business navigates this evolving space and assist your company in understanding and adhering to federal and state laws. Specifically, the most experienced cannabis lawyers offer their clients a robust knowledge of the facts, risks, and trends in the cannabis market and provide insight to ensure long-term success.
Cannabis lawyers can help get your legal marijuana business started on the right foot.
With the intriguing potential of the cannabis and marijuana industry, entrepreneurs of all kinds are diving head first into the market with varying degrees of knowledge. A cannabis business may seem like a simple operation to run, but they can be surprisingly difficult to even get off the ground, as well as to maintain. Some marijuana business owners find themselves facing criminal charges for violating a law they were completely unaware of. A seasoned cannabis attorney can help ensure the right pieces are in place before getting involved too quickly. By consulting with a marijuana lawyer early on, entrepreneurs can also form a connection that they may need later on.
Ritter Spencer PLLC is a law firm in Dallas, Texas that specializes in advising businesses that operate in all areas of the cannabis industry.
Chelsie Spencer, a founding member of Ritter Spencer, offers a robust knowledge of the cannabis market and years of experience representing clients across the industry. The team of experts at Ritter Spencer is prepared to advise your cannabis business and protect your company from potential risks. Contact Ritter Spencer or give us a call at 214.295.5074 for more information.