It's Legal-Now What? Get Started in Cannabusiness

IT'S LEGAL-NOW WHAT? Get Started in Cannabusiness MEDICAL Recreational marijuana has been legalized only in 2 states: Colorado and Washington MARIJUANA IN THE U.S. 23 states, plus Washington, D.C., have laws that legalize medical marijuana 11 of these states have passed their laws since 2010 WASHINGTON, D.C. PASSED LAWS IN 2010 2-ounce dried limit for possession Does not accept registry ID cards from other states MARYLAND PASSED LAWS IN 2014 30-day supply is the possession limit, with EA the exact amount to be determined Does not accept registry ID cards from other states WHY STATES ARE LEGALIZING MARIJUANA MEDICAL BENEFITS Marijuana can improve pain, nausea, and vomiting from certain illnesses Can also relieve side effects from treatments like chemotherapy COST OF PROHIBITION Prohibition takes time, energy, and resources to pursue and prosecute This costs state and federal governments $17.4 billion per year ECONOMIC BENEFITS A report from November, 2013 estimates the national legal marijuana market is worth $1.53 billion The same report estimates it will be worth $10.2 billion in 5 years Maryland stands to earn $134.6 million in tax revenues each year from legalization and regulation GETTING STARTED OPENING A MARIJUANA DISPENSARY Sign a physician to sit on your board of directors for the benefit of patients and the community Form a corporation and apply for a business license Work with legal counsel to make sure you are following all governmental regulations Provided by: MEDICAL_CANNABIS LAW GROUP www.medicalcannabislawgroup.com Sources: http://www.medicalcannabislawgroup.com/Services/Cannabusiness-Formation.aspx http://www.takepart.com/article/2013/04/15/so-you-want-open-medical-marijuana-dispensary http://medicalmarijuana.procon.org/view.resource.php?resourcelD-000881 http://www.governing.com/gov-data/state-marijuana-laws-map-medical-recreational.html http://www.truth-out.org/opinion/item/16798-top-ten-reasons-to-legalize-marijuana-now http://www.huffingtonpost.com/2014/04/19/benefits-legalizing-weed-by-the-numbers.n.5173785.html