Washington's emerging market for recreational cannabis offers many profitable possibilities for investors and operators alike.
The rules and regulations on financing and licensing are very complicated, however, making it challenging to stay in compliance with the law. And there's also the risk posed by the stubborn fact that marijuana is still a controlled substance under federal law.
At JRC Practice PLLC, in Seattle, we can help you pursue your goals in the recreational cannabis business while staying on the right side of the law. Give us a call today to discuss your specific situation in a free initial consultation with an experienced lawyer.
What Steps Are Needed To Get Into And Stay In The Cannabis Industry?
The opportunity to make good money on recreational cannabis products in Washington is undoubtedly here. Following the passage of I-502 in 2012, there's now a profitable industry providing edibles and other products.
It's important to realize, though, that the industry is heavily regulated by state law. If you want to participate, you've got to be aware of the many complicated rules involved.
Our law firm can guide you through this regulatory process effectively. In particular, we can handle issues that include:
Licensing — It isn't only that you need a license to get started. You also have to document everything, from seed to sale. We can explain what you need to do.
Financing — Washington's 502 law now allows for out-of-state funding, but there are detailed rules that apply. Our law firm helps to connect investors with others in the industry.
Compliance — Our firm has developed a strong professional relationship with the Washington State Liquor and Cannabis Board. We will work to keep you in compliance with the rules on issues such as allowable products and packaging.
Business disputes — If you get into a dispute with another participant in a cannabis business venture, it can throw you for a loop. We can help you resolve the dispute — through litigation if necessary.
Why It Makes Sense To Have Us On Your Side
Our founding attorney, Jesse Corkern, has a background as a successful criminal defense attorney, giving him a detailed knowledge of Washington's evolving cannabis law.
This is important partly because of the many state-specific aspects of Washington's law. But it's also important because of the wild card posed by "the other Washington": DC.
Even before the new presidential administration took office, there was a cloud that hung over the recreational cannabis market in Washington and other states that allow it: federal law, which still classifies marijuana as a controlled substance.
Using our experience in criminal defense, we will guide you through the compliance issues on recreational cannabis in a way that minimizes your risk.