The Emerging Cannabis Industry
The cannabis industry is like no other. As more and more states legalize marijuana, business owners face new opportunities as well as risks. Whether you are looking to invest in the cannabis industry directly, provide a product or service that supports cannabis growers and sellers, or are a property owner with tenants in the emerging industry, MSPC can provide guidance on best practices to keep your business interests protected.
As Certified Commercial Cannabis Experts, our team has special training in cannabis risk management and provides consulting services in this new and growing industry.
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Looking to learn more about the business of cannabis?
Cannabis Risk Management and Consulting Services
As Certified Commercial Cannabis Experts, we work with those directly in the cannabis industries as well as businesses that provide ancillary services to the industry. We work with you to:
- Advise on the complex financial and tax ramifications of operating a cannabis business
- Understand the cannabis industry risk areas (geographic, operational, personnel, etc.)
- Mitigate associated risk areas (money laundering, diversion, etc.)
- Develop internal risk management plan including ongoing reporting
- Understand opportunities for cannabis-related businesses and associated regulatory and operational constraints
- Provide training on best practices for operating a cannabis business or working with clients or tenants in the cannabis industry.
Cannabis Business Updates
New Jersey Cannabis Business Applications
New Jersey’s Cannabis Regulatory Commission (“CRC”) has announced that it will soon begin accepting applications for licensure of cannabis businesses. Recently issued regulations provide a general outline stressing what the CRC will look for in potential licensees, as well as those receiving priority in the process. Who Gets Priority? Specifically, Social Equity Businesses (owned by…
Read More New York Marijuana Law: What Businesses Need to Know
On March 31, 2021, New York State (NYS) became the sixteenth state to legalize marijuana for recreational use. Under the new law, it is legal for individuals age 21 and older to possess and purchase up to three ounces of marijuana, as well as to possess up to five pounds at their residence. Although the…
Read More NJ LEGALIZED CANNABIS: OPPORTUNITIES AND CHALLENGES FOR BUSINESSES
In a historic event for New Jersey, Governor Phil Murphy last week signed into law several bills effectively legalizing marijuana in the state. The new laws permit the possession (up to six ounces) and use of marijuana by anyone over the age of twenty-one within the state. The laws also allow the purchase and sale of legal…
Read More Ready to grow your business operations?