Starting up and running a marijuana business is not child’s play. It’s because the law is yet to fully back up the venture as it ought to in most places. Plus, the cost of getting licensed is generally high. Moreover, the legal terms that surround such a business are pretty complex.
Considering these situations, it’d be a proactive step on your part to get a marijuana business attorney even before you set up the business. You might be wondering how a marijuana business attorney can aid your startup? Don’t worry. This piece shows everything a cannabis lawyer can offer you.
Who’s A Marijuana Business Attorney?
Marijuana business attorneys (also called cannabis or hemp business lawyers) are legal practitioners skilled in the legal requirements, processes, and laws related to the marijuana industry. They’re also experts in other legal practice areas like administrative law, criminal law, business law, employment law, and others.
Marijuana lawyers are multifaceted. The purpose of their multi-practice skills is to deal with all business and legal aspects of your marijuana business. Hiring a marijuana business attorney means you’re getting someone who understands the laws regarding marijuana plants, their health benefits, dangers, and history. It also means the lawyer is familiar with the processing methods and, if possible, everything involved in the packaging of cannabis from seed to bottle.
How A Marijuana Business Attorney Helps
While the services of a cannabis business attorney are sought for several reasons, startups engage them for business growth. It’s because startups are new and lack experience. Therefore, they need to be familiar with the cannabis laws and consult a lawyer for interpretations. The following are ways a marijuana business lawyer can help your startup business:
Ensures You’re Well-documented
As you’d have known by now, most laws are not fully supporting marijuana businesses yet. Though you can be provided with a license to start up a business in the field, many things could bring you down the ladder, and one of them is not having all the documents you should have. Since marijuana attorneys are skilled in the processes of setting up a business in the field, they’ll let you know what documents you need. But more than that, they’ll ensure you follow the process set down for required documentation. Sometimes the problem is not being documented the right way or missing a step in the process.
Establishes The Right Structure For Your Startup
As earlier mentioned, marijuana is not 100% legal yet. To this point, the government has set laws in place to ensure that marijuana businesses have a structure with which they’re expected to operate. Developing your business without the required system may end up thwarting your efforts. But again, that’s why marijuana attorneys exist. They’ll educate you on the kind of structure your business needs depending on whether you want to focus on farming, drug production, retail, others, or even everything.
Educates You On The Marijuana Business From A Legal Perspective
One thing about laws is that you may know them but not understand them. It’s why lawyers exist in the first place. Their job is to interpret the law for the understanding of everyone.
A marijuana attorney will break down the implications of laws and their clauses. Beyond setting your business according to the law, it also has to be run according to the law, and you need to understand the law to know your left from your right.
Keeps You Up-To-Date With The Law
Virtually everything in life changes, and the law is not an exception to that. Operating with an outdated law is as good as not abiding by the law in the first place because it makes your business vulnerable to legal issues that may terminate its growth.
So, as the law changes, your marijuana business attorney will keep you updated to allow you to take quick steps in updating your documents and operation strategy.
Lawsuits
Business lawsuits are not things you wish for, but they sometimes come. Having a marijuana business attorney helps you in the process of setting up. Running your business with a lawyer will reduce the possibility of being sued. And if you get sued, an attorney helps you take proactive steps that reduce your chances of losing a court case.
Conclusion
Starting up and running a marijuana business is not child’s play. Many things can drag you back, but a marijuana business attorney can help you start and stay on the right track. By that, there are five ways a marijuana business attorney can aid your startup. Read and apply them before you begin a marijuana business.
