2018 brought the legalization of the sale for recreational marijuana in California which is one of a growing number of states to do so. Plenty of people refer to the money available from marijuana based businesses as the “green rush” as there is plenty of marijuana and even more money. Setting up a marijuana based business can be quite tricky though as although it is legal on a state level in some places it is still illegal federally. This can make it difficult to attain a business loan from a bank or even keep your money in a bank. Banks do not accept money from these types of businesses as the federal government could seize the money and freeze the assets of the bank. The following are tips that will help you navigate your adventure into your own personal green rush.
Get Any License Necessary
A problem that many people encounter when trying to open a marijuana based business is getting the appropriate licenses. Some of these can be quite expensive and any blemish on a criminal record can lead the state to deny your application for a license. If you are growing or want to sell any marijuana based products then a license can be the only thing saving you from substantial time in jail. If you are deciding to grow commercially be sure to follow any rules about plant numbers and anything else. Losing a license can happen to those who do not follow the rules even to the smallest detail.
Ask a Professional To Help
There are plenty of people who are passionate about marijuana but this does not mean they know how to market, advertise, or organize the finances. Getting a professional to help with this can get a dispensary or shop to open up on the right foot. MJ Freeway Cannabis Consulting Solutions is a great example of a business that can help. They can help with everything from marijuana knowledge to helping you get ready for the inspection the state will do on a regular basis. Regardless if your passion project is a marijuana based business it is important to remember that it is a business. The competition in this sector is only going to grow so it is important to get out in front of it and build a brand name before the industry becomes saturated.
Drug Test Employees For Other Drugs Besides Marijuana
Drug tests should still be done on employees for other drugs besides marijuana. Quite a bit of cash comes through marijuana based businesses so it can be easy for a relaxed owner to lose money on a daily basis due to theft. Other drugs lead to serious addiction and a trustworthy person sober might turn desperate and into a thief. This does not mean to drug test everyone on a weekly basis but make it a policy that if a cash drawer comes up short more than once then the employee has to get a drug test. Background checks are important to do as well as you need to know who your employees associate with. Security is incredibly important as cash businesses can be targets for criminals. Add a mass quantity of marijuana and products derived from the plant makes it the ultimate target for thieves.
The world of marijuana is only going to grow so it is wise to consider this an avenue if you are starting a business. You can start a company that specializes in marketing for marijuana based businesses. This can be done from anywhere in the country regardless if marijuana is illegal in your state. As long as you do not have any of the drug in your place of business that it will be run legitimately. The green rush is in full effect so if you have ever thought about starting a business that involves marijuana, now is the time to try!