If you are thinking of starting a business, you might as well go for one industry with the most promising growth potential; cannabusiness should be your top pick. With cannabis decriminalized, the demand for marijuana is high.

The regulatory environment in the cannabis industry is like no other. A lot of vigilance needs to be put into practice before starting a cannabis business.  In this article we are going to list some quick steps on how you can start your cannabusiness.

How Does the Marijuana Industry Currently Look?

Identifying the industry landscape is the first thing you need to do. This means identifying:

• The potential earnings
• The risks
• Your competition

Evaluate the demand for weed in the area you want to start your business and observe what you can do differently to set yourself apart from the competition. 

How to Start a Cannabis Business in 6 Steps

A significant amount of work is required to start any business. Below are 6 steps to help guide you through the process:

 Step 1: Decide the Type of Marijuana Business to Start

The first step would be to choose the kind of marijuana business you want to start; it could be opening a dispensary, growing cannabis, providing weed, or all of the above. Because marijuana laws vary from state to state, you will need to research and understand the rules around where you intend to sell. It helps to speak to a few people who have started cannabis businesses of their own. 

Step 2: Write a Business Plan

Your business plan will need to be a bit more detailed than a regular business plan. You have to ensure that your plan follows every law in your state, from location to suppliers, to your targeted consumers. It should state whether the marijuana being sold is for medical, recreational use, or both. Having legal counsel will help you keep everything in order.

Step 3: Register Your Business Name and Entity

Your business is likely to be local since marijuana has not been legalized on national level; thus, interstate sale of cannabis is prohibited. The business entity you choose will determine the taxes you pay and the level of risk you are exposed to. You may choose to open your business as a limited liability company (LLC) or a corporation. Both entities will shield you from personal liability.

Additionally, you need to choose a name for your business. Conduct a search to ensure the name you chose is available. You’ll be required to pay a small fee for reserving that name for a specific amount of time. All this has to be done before registering your marijuana business because you’ll need this information while doing so.

Step 4: Register Your Marijuana Business and Obtain Licenses and Permits

You will require permits and registration depending on where you intend to open your business. Find out all the documentation you require to register your business. You can use FindLaw; it provides resources for information on specific permits and licenses needed by marijuana businesses in every state.

Step 5: Register to Pay Taxes

You should apply for an Employer Identification Number. This can be done online or directly through the IRS and usually gets speedy approvals. The EIN will be necessary for applying for funding.

Step 6: Get Funding 

Marijuana businesses have minimal financing options. Most of the best banks for potential business funding operate on the federal scale and abode by which deters them from lending to marijuana businesses. However, there are a few funding sources for cannabis businesses, including Angel Investors, crowdfunding, and cannabis incubators. 

Final Word

Starting a cannabis business can be expensive and challenging. The best you can do before starting a cannabusiness is to pre-plan everything properly and ensure you are well funded. This will in turn make things so easy for you in terms of getting all that is required; from licensing, getting vendors, getting a shop and all that is needeed/

Who knew that smoking marijuana could expose you to the same toxins that are found in tobacco? Not me for sure. A new study that was conducted has discovered that smoking weed may expose you to toxic chemicals associated with neurological damage, cancer, and other serious health problems.

“Marijuana use is on the rise in the United States with a growing number of states legalizing it for medical and non-medical purposes – including five additional states in the 2020 election. The increase has renewed concerns about the potential health effects of marijuana smoke, which is known to contain some of the same toxic combustion products found in tobacco smoke,”

said Dr. Daana Gabuzda. Daana is the principal investigator in cancer immunology and virology at the Dana-Farber Cancer Institute In Boston.

The research presented data from 245 HIV-negative and HIV-positive  participants. The study chose people with HIV infection because a large number of this population smokes tobacco and marijuana.

Urine and blood samples were then taken from the participants to compare various chemicals produced by the breakdown of nicotine or those produced by the combustion of tobacco and marijuana.

Weed smokers, just like tobacco smokers, had naphthalene, acrylamide, and acrylonitrile in their blood and urine samples. Acrylonitrile and acrylamide have been linked to health issues such as cancer, while naphthalene is associated with neurological damage, anemia, and liver damage.

Just a couple of hours outside Bangkok, a cafe has embraced cannabis-based wellness. Ban Lao Reung (Storytelling House) which is in Pranchinburi city, has updated its menu with cannabis dishes.

Apart from cannabis dishes, the restaurant housed in a 71-year-old residence will also provide weed-infused drinks and pot pizza. The restaurant is next to Asia’s first medical marijuana clinic, Chaophraya Abhaibhubejhr Hospital, from which it gets its marijuana.

Medical marijuana was legalized in February 2019. The recent legalization allows only for government-approved facilities to sell marijuana products. The new Marijuana-cooking cafe can, therefore only get cannabis products from the hospital near it.

The restaurant currently which only offers good mood pizza, deep-fried weed leaves served with spicy mango salad and sparkling passion fruit mixed with weed juice plans on launching more products in the future. 

In case you are planning on visiting the restaurant, worry not, you will not need a designated driver after consuming the dishes. Unless you consume the food in great quantities, the level of THC will only leave you smiling and feeling good.

Don’t forget to add this restaurant to your travel wishlist.

While speaking during his annual State of the State address on Monday, New York Gov. Andrew Cuomo pledged to legalize adult marijuana use and mobile betting in his state.

We will legalize adult-use recreational cannabis, joining 15 states that have already done so.

This will raise revenue and end the failed prohibition of this product that has left so many communities of color over-policed and over-incarcerated.#SOTS2021

— Andrew Cuomo (@NYGovCuomo) January 11, 2021

While speaking before a small group of in-person attendees, the governor said legalization of both proposals would increase New York’s revenue.

In case marijuana legalization passes, New York will be part of the fifteen other states that have legalized weed, including its neighboring states, New Jersey and Massachusetts.

Legalization of recreational weed, which has been stalled since 2019, is likely to be approved by lawmakers this year due to the state’s fiscal woes. The state currently only allows for the medicinal use of marijuana.

Cuomo predicts legalization of weed will bring the state revenue of about $300 million yearly when fully operational. However, the set up will take several years before it is fully functional.

Legalization of weed in the state would also end “the over-criminalization of this product (weed) that has left so many communities of color over-policed and over incarcerated.”

The cannabis industry continues to grow as the market for both medicinal and recreational marijuana expands. Might you be interested in working in the cannabis industry? There are several jobs in companies in the marijuana business that may interest you. You can provide a number of services working for these companies, including vending in a dispensary, growing and harvesting, and much more. 

Here is a list of the best companies in the cannabis business:

Which are the Best Cannabis Companies to Work For?

1. Apeks Supercritical

Apeks Supercritical is a cannabis company that prides itself on providing considerable improvements in employee health and well-being. Some of the benefits that Apeks Supercritical provides include cash incentivized wellness programs, golf outings, and two therapy office dogs.

2. Berkeley Patients Group

Berkeley Patients Group is the oldest medical marijuana dispensary company in the country. The company offers great starting wages and provides employees with product samples allowing them to participate in sales planning.

3. Advanced Nutrients

This is a Los Angeles-based company that uses the hydroponic method to make specialty fertilizers for growing cannabis. Employees of Advanced Nutrients enjoy many benefits that most companies don’t offer, such as employees being allowed to bring pets to the office, receiving staff meals, and flexible work schedules.

4. Baker Technologies

Baker Technologies holds its offices in Denver. This company provides the leading CRM system for the cannabis industry and offers amazing benefits such as meditation time and paid-time-off.

5. BDS Analytics

BDS Analytics is located in Boulder, Colorado, and produces leading cannabis market analyses, cannabis consumer research, and reports. Employees of BDS Analytics enjoy substantial dispensary discounts, PTOs, and employee stock options.

6. Canndescent

Canndescent is a company that offers many career advancement opportunities for its staff members. The company sells premium cannabis products and is located in Santa Barbara, California.

7. Eaze

Eaze is a  San Francisco-based company that specializes in delivery driving. The company offers a lot of career opportunities and family benefits for its staff members, including a new-parent support program and a fertility and adoption reimbursement program.

8. General Cannabis Corp

This company specializes in the cultivation,  production, and retailing sides of cannabis. They offer a family feel environment for their employees with benefits such as gym membership reimbursement, disability insurance, and stock options.

9. Cresco Labs

Cresco Labs operates in 9 states. The company has  19 dispensaries and 15 production facilities. Employees of  Cresco Labs enjoy various benefits including, unlimited PTO, a 401K, outings, having dogs in the office, and much more. 

10. Dixie

Located in Denver, Dixie is one of the best cannabis companies that offer various products. The company’s staff members enjoy working at Dixie because of the fun activities in their daily workdays. Such activities include cooking competitions, snowboarding trips, field trips, and private boxes at sporting events.

11. Garden Remedies

Garden Remedies is located in Fitchburg, Massachusetts, and offers more conservation and recycling programs than most other cannabis companies. Half of their executive roles comprise of women. Staff members of Garden Remedies are assured of a  safe and fair workplace. 

Final Word

Most companies aim to create a conducive work environment and culture to attract and retain good employees. Employees feel motivated by the level of a company’s efforts, which enables them to learn various techniques raising their creativity, efficiency, and effectiveness level. The amount of motivation you get from your workplace guarantees you work satisfaction enabling you to offer better work output. Each listed company offers uniqueness in the packages provided to its employees to motivate them and develop their skills. Before applying for a job in a weed company, you should consider choosing the best out of the ones available.