Hemp and cannabis businesses should take the time and write a comprehensive business plan, and attorneys can play a key in role in its development. Both markets are only becoming more saturated, so it’s important that corporate structure, capitalization and budget, market analytics, and operating procedures are contemplated prior to an entrepreneur committing resources to a project. Attorneys should also play a key role in developing the advertising/marketing section of any business plan. Federal, state, and local regulations should all be contemplated prior to marketing products or services.
DISCLAIMER: THIS INFORMATION IS STRICTLY EDUCATIONAL AND DOES NOT CONSTITUTE LEGAL ADVICE.