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Marijuana business law

The rules that relate to the marijuana industry are quite stringent and every marijuana business owner must be Marijuana lawfamiliar with what these rules are.  The requirements that must be met are also strict and every business owner must have the knowledge of these rules.  In each of the different states, the rules are almost the same, but it is important that you understand the rules in your specific state.  For example, there are requirements on the strains of marijuana that can be prescribed and the quantity as well.  Having a thorough understanding of the marijuana business law can help businesses operate in compliance.

A Feb. 10, 2012 photo shows Matthew Huron, owner of two medical marijuana dispensaries and an edible marijuana company in Denver, examining a marijuana plant in his grow house. Medical marijuana is legal in 17 states, but the industry has a decidedly black-market aspect _ it's mostly cash-only. That's because banks won't touch pot money. The drug is illegal under federal law, and processing transactions or investments with pot money puts federally insured banks at risk of drug-racketeering charges. In Colorado, state lawmakers are attempting an end-run around the federal ban by creating a cooperative financial institution for state dispensaries and growers to allow them to store and borrow money. (AP Photo/Ed Andrieski)Specific laws on buying and selling marijuana has been established in each of the different states.  The law enforcement agencies have decided to regulate the industry tightly so that the interest of the public can be protected.  The  aims to prevent illegal buying and selling of the drug.  This means that businesses must have proper licenses before they can sell.  In addition, patients must have valid patient ID cards when they go to purchase marijuana.  Individuals who fail to comply with the laws can get into legal troubles easily and lose their businesses, funds, investments and in the worst cases, they can serve imprisonment.


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