Now more than ever, the cannabis industry offers vast and untapped opportunities for enterprising minds. But starting - and running - a successful marijuana business is by no means an easy road. The regulatory roadblocks alone can be mind-boggling.
Marijuana can be a valuable medical treatment for many patients suffering from various illnesses. In fact, one cannabidiol-based drug has recently been approved by the U.S. Food and Drug Administration to use for certain epilepsy disorders. And, while the legalization of medical marijuana is gaining steam in nation, many states do not permit it, despite public opinion.
While marijuana cultivation, sale and possession are illegal on a federal and state level, in 2016, House Bill 523, which legalized medical marijuana for certain medical conditions, was signed into law. Although medical marijuana was supposed to be legal to sell in our state, starting September 8, 2018, officials have stated that they will be unable to meet this deadline. However, the Ohio Medical Marijuana Control Program is in the process of issuing certificates to hundreds of businesses -- manufacturers, dispensaries, and more -- associated with medical marijuana.