It has been a couple of years since the law changed in Michigan to make recreational and medicinal marijuana legal in several ways. As soon as the law changed, many people started to consider whether they could profit from running a marijuana business. Working in the industry could mean growing marijuana, dispensing it, transporting it, and several other activities that involve the handling of cannabis. Running a marijuana business could certainly be lucrative, but there are many laws and regulations that you need to consider. When you have marijuana lawyers on your side, it could be much easier to succeed in the industry.
There’s a lot that attorneys who are experts in the field can do for you if you’re thinking about setting up a marijuana business or already have one.
Know What It Takes to Start a Marijuana Business
Before you set up a new business, it’s essential to understand what it takes to get to the launch. With a marijuana business, there are many things to take into account, from the licensing fees to the regulations that you need to comply with. Marijuana lawyers can help you in the initial stages of planning your business, ensuring you know what it takes to get a business in the industry up and running. They can discuss different business models with you and help you to check if you meet all of the requirements to have a commercial marijuana license.
Understand Michigan Marijuana Law
There are several key pieces of law that pertain to operating a marijuana business in Michigan. These include the Medical Marihuana Facilities Licensing Act and other laws that will affect how you can set up and run your business. All of these laws and regulations can be hard to grapple with. There are a lot of rules that you need to follow, and you don’t want to get caught out by accidentally doing something wrong. When you work with lawyers who understand the industry and the relevant Michigan law, you can make sure that you get the right legal advice and know what steps you need to take.
Manage the License Application Process
Applying for a license to run a marijuana business involves a number of stages. Before you do anything, you need to make sure that you have the funds, that you have considered your business model, and that you have considered some potential locations. You also need to be sure that you meet the requirements for a license and can pass a background check. The application fees for your business will be $6,000, and the licensing fees are between $10,000 and $66,000. You also need to find a location that is in line with the regulations, at least 1,000 feet away from liquor stores and drug-free zones, such as schools.
The process can be long and complicated, with a lot of legal hurdles to jump over. But when you work with expert marijuana lawyers, you can make sure that you get all the right paperwork together and complete all of the necessary jobs to apply for your license.
Find the Right Location for Your Business
One of the things that you need to do when you’re planning your business is to find the right location. You need to be an acceptable distance from other marijuana businesses, as well as from liquor stores and drug-free zones. Wherever you choose to set up your business, you will need to apply for the right permits and licenses from the city. Having legal support for this will make the process easier and ensure you get everything right. They may be able to help you check that any plots or buildings that you are considering meet the conditions for a marijuana business.
Help Getting Your Business Off the Ground
When developing your business model, it’s also useful to have legal experts on your side. Everyone involved with your business will need to be background checked, including investors, employees, and partners. You will have to think about what services your business will provide and what that will mean for you and the licensing and regulations that you have to be aware of. Your lawyer can help you with these issues and assist with all of the usual business issues, such as filing corporation documentation. In addition to the legal matters related to marijuana, you can get plenty of help with the matters that all businesses have to deal with.
Address Any Issues That Arise
If you’re setting up a business, you want it all to go as smoothly as possible. But there can be issues that arise when you’re going through the licensing process for a marijuana business or other problems that unexpectedly appear. When you have a problem during the process of setting up your business, having expert lawyers on your side can help. They can make it easier to navigate complicated legal matters and clear up anything that might need to be corrected. By working with marijuana lawyers from the very beginning, you can also avoid these issues from getting in your way in the first place.
Keep Up with Rapid Changes in Law
The changes in the law relating to marijuana have changed only in the last couple of years, and they can continue to change for several more years. With new changes in the law, there is always a chance that things can change again and do so in a relatively short amount of time. That’s why it’s important to have lawyers on your side who can keep up with the relevant laws and how they’re changing. They can inform you of any important changes and help you to remain in compliance at all times so that you don’t get left behind or caught out.
When you work with Michigan marijuana lawyers, you can find success in the cannabis industry. Get the legal support that you need to secure the license that you need and get your business up and running.