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Tricky Business: Navigating Regulatory Hurdles In The Cannabis Industry

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Tricky Business: Navigating Regulatory Hurdles In The Cannabis Industry

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What does it take to be successful as a marijuana business? For one, a thorough understanding of regulatory and compliance issues. Learn more about what every grower/cultivator, processor, testing lab or dispensary should know.

What does it take to be successful as a marijuana business? For one, a thorough understanding of regulatory and compliance issues. Learn more about what every grower/cultivator, processor, testing lab or dispensary should know.

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Tricky Business: Navigating Regulatory Hurdles In The Cannabis Industry

  1. 1. Sensitivity: Confidential TRICKY BUSINESSNAVIGATING REGULATORY OBSTACLES IN THE CANNABIS INDUSTRY Presented By
  2. 2. Sensitivity: Confidential With legalized marijuana gaining traction across the country, the cannabis industry is growing by leaps and bounds. Source: https://www.fastcompany.com/40509047/these-cannabis-industry- innovators-are-growing-a-billion-dollar-industry-through-science-and-tech
  3. 3. Sensitivity: Confidential But the pathway to a successful marijuana business is fraught with regulatory hurdles. So what does it take to not only get off the ground, but also stay afloat?
  4. 4. Sensitivity: Confidential Step 1: Getting Started Count on navigating numerous challenges before you even open your doors: • Securing financing • Obtaining a license • Dealing with political snags • Finding an approved location • Constructing a secure facility • Vetting prospective employees • Passing a scrutinizing initial inspection
  5. 5. Sensitivity: Confidential Step 2: Staying Afloat Finally, you're in business. But the hard part isn't over. Compliance issues are ongoing, and they cover every aspect of your business: • Facility maintenance • Security • Storage and disposal • Employee background checks • Quality control • Record-keeping • Fire prevention • Abuse/addiction prevention • Patient education • Labeling and packaging • Sanitation • Reporting • Inspections • Audits • And more
  6. 6. Sensitivity: Confidential Step 3: Navigating Setbacks A surprise inspection has uncovered regulatory violations. Now what? Enforcement actions involve more than just a slap on the wrist or a one-time fine. They could result in suspension or revocation of your license to operate. The business you've worked so hard to build is on the line.
  7. 7. Sensitivity: Confidential What To Do (And Not To Do) When You're Facing An Enforcement Action • Don't hire a criminal defense attorney. It’s a regulatory proceeding, not a criminal charge. • Don't hire a corporate attorney. Few business lawyers have experience in this niche and novel area of law. • Do enlist a lawyer with a strong regulatory and administrative law background – someone who understands the cannabis industry.
  8. 8. Sensitivity: Confidential Preventing Compliance Issues Take a proactive approach: • Keep detailed, written standard operating procedures • Train new hires well • Provide regular training updates for all staff • Conduct mock inspections to identify shortcomings The right attorney can put strong preventative measures into place.
  9. 9. Sensitivity: Confidential Why Patton Law? • Administrative Law Specialist Certified Through The Ohio State Bar • Government Experience Former Assistant Ohio Attorney General • In-Depth Industry Knowledge Teaches At The Cleveland School Of Cannabis • A Niche Focus 100% On Representing Cannabis Businesses • A National (And International) Practice Serving Clients Across The Country We Work With: • Growers/cultivators • Processors • Testing labs • Dispensaries • Physicians and health care providers
  10. 10. Sensitivity: Confidential Driven By Passion, Not Profits For attorney David Patton, cannabis isn't just a political issue; it's personal. Cannabidiol worked wonders in keeping his 6-year-old son's severe epilepsy under control. “Medical marijuana saved my son's life.”
  11. 11. Sensitivity: Confidential Free White Paper Learn more about what it takes to start a successful cannabis business. Read our free white paper or visit our website. © 2018 The Patton Law Firm, LLC. All rights reserved. Design and editorial services by FindLaw, part of Thomson Reuters. Share the white paper

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