Legalization of Marijuana – When Can I Start my own Business?

Let’s explore some perspectives on where legalization of marijuana and how it is transforming the nation’s viewpoint on this controversial issue. Personally, I see big pharma and governments still wielding much control of this whole industry.

Abbott Laboratories and Purdue Pharma are among the biggest contributors to the Anti-Drug Coalition of America, also the Pharmaceutical Research and Manufacturers of America, viewed as one of marijuana’s biggest opponents, invested roughly $19 million on lobbying in 2015 (Reporter, 2017).

From what I have researched, it will still be very much out of reach for the average individual to have their own business of growing, selling and distribution of recreational marijuana. In order to own and operate a marijuana-based business, one must become licensed in their respective state. Additionally, some cities may also require some type of licensing for where the business is located in (Dispensary Permits, 2020).

It will be interesting to see where this leads to. More people and states seem to be realizing that marijuana usage might be equivalent to the alcohol industry. We see craft breweries are popping up everywhere and people can make their own alcoholic products. Maybe soon, if not already in some states, marijuana-based products can be produced and consumed in the privacy and comfort of one’s own home.

References:

Dispensary Permits. (2020, April 17). Start A Marijuana Business. Seed to Sale. https://dispensarypermits.com/start-a-marijuana-business/#:%7E:text=In%20order%20to%20operate%20a%20marijuana%20business%2C%20you,license%20from%20your%20state%20through%20an%20application%20process.

Reporter, G. S. (2017, May 7). Inside big pharma’s fight to block recreational marijuana. The Guardian. https://www.theguardian.com/sustainable-business/2016/oct/22/recreational-marijuana-legalization-big-business

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