Since 2010, we’ve been helping businesses navigate rapidly evolving cannabis regulation and policy. Our cannabis lawyers in California, Colorado, Oregon, Florida,Washington, Nevada, Maryland, Montana, New York and Arizona help cannabis businesses with their corporate legal matters involving company formation and structuring, transactional agreements, IP, corporate governance, taxation, licensing, and the acquisition and leasing of real property.
With nearly a decade of multi-state experience in the nation’s fastest-growing medical and recreational cannabis markets, you won’t find a more experienced and reputable cannabis law team than New Roots Media, anywhere. Our cannabis attorneys serve the exacting needs of our cannabis clients in this high-risk, thriving, and ever-changing industry.
Due to the newness of this industry, the regulations and laws surrounding it are always changing. It is normal to underestimate how complex and detailed the cannabis business licensing process is. Applying for and obtaining a license in your state is the first hurdle, and the stakes are high. You might only have one chance at applying for a license, so success is your only option.
Once the final draft of your state’s regulations has been completed, it is time for you to be prepared and determined to be one of the early winners of a license. It is common for a state to only give a few licenses to winners in this first round, and then wait several years before allowing for more businesses. States may not issue additional licenses until the program has matured and been evaluated. There is also the chance that legislation can change; as such, regulations will follow suit.
Applications are assessed in great detail. Regulators remain concerned about the legalization of medical cannabis and are scrupulously evaluating all aspects of your business plan, your team, and your ability to create an outstanding case for your business license.
Further complicating the process, each state has its own, unique licensing requirements. For example:
Some may only allow dispensaries to sell cannabis they grow themselves
Others require separate licenses for cultivation and dispensing
The regulatory framework for processing cannabis varies by state
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