The birth of a new industry can be both a good thing and a bad thing. Having the ability to make new rules that would help change, define and drive a new business can be great and rewarding work. It could also be a bad thing though because how does one start a new marijuana business entirely from scratch in a brand new economy? Furthermore, how does one start a marijuana business in a country where it is misunderstood and still considered illegal at the federal level?
More and more states are beginning to support full legalization of cannabis and there are calls to make standards for businesses that are working in the marijuana industry; that is a fact. Not only are people calling for these standards, but it is vital. Marijuana rules and regulations are needed not only to keep the marijuana industry safe but also the consumers as well. In July, attorney generals, public officials, state representatives and business owners gathered in Hawaii to begin drafting a marijuana industry “Code of Responsible Practices.”
The code was set on making standards, protocols and to help give oversight to new and developed cannabis businesses. Here is the best action that the marijuana industry can take that would likely be effective for all marijuana businesses. The first step would be to elect a governing body. With a board made up of farmers, marijuana entrepreneurs, consumers, lawyers, and activists, all the needs of the marijuana industry would be met.
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