Here in California, we are currently in what many are calling the Marijuana Gold Rush. The marijuana business is here to stay, and with the passage of California Proposition 64 in 2016 which legalized marijuana for recreational use, we are on the cusp of an enormous expansion of the industry. Some are foreseeing a $25 billion industry in California alone, which will triple the size of the legal marijuana market. Is your business going to cash in on this ground floor of explosion, or are you going to be left by the wayside while others build their fortunes? One huge concern for those already in the business or entering in for the first time is making sure they are compliant with all local and state marijuana laws, and no doubt a failure to comply with applicable laws will be one major reason why some marijuana businesses fail while others prosper. At The Law Offices of Omar Gastelum and Associates, PLC, we provide comprehensive legal services to all parties in the California marijuana business, from cultivators to dispensaries and everything in between, all designed to build your business and help you cash in on the marijuana boom.
Marijuana Business Formation
The first step in building your successful California marijuana business is forming your business in compliance with California state law in a way that makes sense for your business interests and maximizes your growth potential. Our business formation attorneys work with growers/cultivators and retailers/dispensaries to assess whether to form as a partnership, limited liability partnership, LLC, S-Corp, or corporation under California state law, and then will walk your business through all steps necessary to finalizing your business formation.
Marijuana Business Licensing and Compliance
As we work towards properly forming your marijuana business under California state law, we will also work with your business to obtain all necessary licensing from the state to operate your business. We will also work with your business in maintaining compliance with all local marijuana laws, including zoning laws, to ensure that you are taking the necessary steps to avoid government interference with your growing business.
Marijuana Business Contracts
Successful California marijuana businesses need to work with other businesses – both specific to the marijuana industry and those that are not specific to the industry – in forming contracts for goods and services necessary to keep their business prosperous. Our marijuana business attorneys will work with your business to find trustworthy, reputable business partners and develop, negotiate, and finalize contracts with those partners that protect your interests both in the short- and long-term and maximize your growth potential.
Banking issues present specific challenges for marijuana businesses as they invoke both state and federal laws, and our experienced attorneys will provide counsel to your business to avoid conflict with federal laws while extending the banking protection you need. As a full-service firm, we also provide experienced civil and criminal defense should any potential conflicts with governmental bodies arise at any point.
Take the First Step to Growing Your Marijuana Business Today
With the legalization of recreational marijuana in California, businesses are rapidly getting into the marijuana industry to claim their stake in the burgeoning market. If you are currently in the marijuana business or seeking to enter it, do not hesitate to contact The Law Offices of Omar Gastelum and Associates, PLC, today to ensure that you have the competitive advantage of working with attorneys who will keep you compliant while helping you avoid delay in growing your business interests.