Launching a cannabis business is exciting, but it is also one of the most heavily regulated entrepreneurial ventures in the country. Between licensing, financing, municipal approvals, compliance obligations, and branding, there are countless opportunities for expensive mistakes before the first sale is ever made.
Over the years, I have worked with cannabis entrepreneurs at every stage of the licensing and operational process. While every business is different, I continue to see many of the same legal issues arise.
Here are five of the most common legal mistakes cannabis startups make—and how to avoid them.