ASK THE BUSINESS LICENSE GURU

By David Yount

Question:

“What is the difference between selling medical and retail marijuana?What is the difference between selling medical marijuana and retail marijuana

Answer:

A total of 36 states, District of Columbia, Guam, Puerto Rico and U.S. Virgin Islands have approved comprehensive, publicly available medical marijuana/cannabis programs. The recreational use of cannabis is legalized in 18 states, the District of Columbia, the Northern Mariana Islands, and Guam. Another 13 states and the U.S. Virgin Islands have decriminalized its use.

Although states are taking steps to consolidate the two industries, there are currently differences between medical and retail marijuana in the way it is priced, sold, bought, and the laws that must be followed on order to set up a business. Much more so than medical, the retail marijuana industry is heavily regulated and taxed at both the state and local level. Some cities and counties may have additional license requirements in addition to the state requirements or may have outright bans on retail marijuana businesses altogether.

Licensing for both medical and retail marijuana businesses is a movement that LicenseLogix is researching and tracking. Licenselogix can streamline business licensing for you by identifying exactly which licenses your business will need and filing them on your behalf. Contact a Licenselogix representative to start your business today by clicking here or calling us at (800) 292-0909.