business

March 16, 2018

The Cannabis Business is a Positive Alternative

The Cannabis Business is a Positive Alternative The cannabis business is a positive alternative but there are still risks involved, alongside every opportunity. Business is well aware that the new medical cannabis industry holds plenty of scope for investment. But it is still early days and it is still a bit too early to commit fully to a cannabis venture, say some business owners. Funding a new firm that is not successful in the competitiveness of the industry could be a negative. But the cannabis business is a positive alternative if the companies are set up professionally and take every aspect of cannabis seriously: growing, manufacturing products, marketing, distribution, dispensing and packaging. Cannabis businesses still need to follow strict regulations and test all raw cannabis they obtain to sell as is or as a tincture, oil, capsule, e-juice and other edible. Where Does Cannabis Stand Legally? Cannabis has been legalised in 29 states for medical use and there is approval for recreational cannabis use in 8 states. But still cannabis is classed as a Schedule 1 drug which makes investment in cannabis a bit shaky. Banks and large finance houses cannot invest in cannabis or even assist start up companies […]