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Keeping Your Cannabis Business On The Right Side Of The Law

As you seek to launch or expand a cannabis-based business, it is crucial to make compliance an important part of your plans. The regulatory landscape for cannabis businesses is fraught with potential legal and financial issues; it is not an exaggeration to say your efforts to navigate regulatory compliance can make or break your business.

Fortunately, you do not have to embark on this journey alone. At Valenti Hanley PLLC, we work closely with business owners and entrepreneurs to ensure regulatory compliance and obtain funding through securities and other nonbank sources. Our clients include those involved in growing cannabis, producing cannabis-based products, such as CBD, and retail sales of cannabis and related products.

Marijuana Is Still Illegal At The Federal Level

National public opinion continues to turn in favor of legalizing marijuana, and states such as Colorado, California and Washington have legalized recreational marijuana. However, marijuana is still a controlled substance under federal law and affected by the Department of Justice guidelines on enforcing federal marijuana laws. These guidelines are subject to change; you can rely on our firm to keep abreast of the regulatory environment and be prepared to take quick action to protect your interests.

The Cannabis-CBD Connection

Cannabis and CBD products both contain THC. Attorney Michael Valenti has experience representing CBD businesses. No matter where you decide to set up shop, you can leave your regulatory issues in our hands. We are adept at identifying and navigating regulations that often differ on a state-by-state basis. For example, CBD products in Kentucky and other states have strict limits on the amount of THC permissible in CBD products. Whether you practice in one state or nationwide, we will make sure your operation stays on the right side of the law.

Funding And Licensing Cannabis Ventures

Banks – much like the federal government – are behind the curve on cannabis. It can be difficult to obtain a bank loan for a cannabis business regardless of how sound your business plan is or how black your balance sheet is. We have extensive experience with securities and are skilled at finding creative funding options for starting or expanding a cannabis business. Once your funding is lined up, we can also help you with issues related to securing the proper licensing to operate a cannabis business in your chosen jurisdiction(s).

Get Customized Legal Guidance For Your Cannabis Business

There is no better time than now to begin addressing the legal, financial and regulatory issues that stand between you and a successful cannabis operation. Call toll-free 866-617-6209 to schedule a consultation with an experienced lawyer from our firm.