Use Cannabis Law to Your Advantage
As an entrepreneur, you face many challenges when starting your own business. If that business happens to be a medical cannabis dispensary, then you will face even more challenges that the average entrepreneur doesn’t. Since medical marijuana is still fairly new, the application process is rigorous. Many people who apply are turned down even after spending a substantial amount of money in fees and on the application process. The attorneys at McQueeney & McQueeney are here to provide insight throughout the entire process.
Once you have committed to opening your own dispensary, you must start thinking about the process and how cannabis law will dictate what you can and cannot do with your new business venture. With our help, you will be able to understand the laws clearly therefore complying with them. Below is a preview of the process to come.
Finances- You have to make sure your finances are in order because this grueling process is costly. We recommend creating a detailed financial plan for all your startup costs, so you are aware of how much you will be spending. This way you will be able to see if this is the right business venture for you.
Game Plan- This is more commonly known as your business plan. You must provide detailed information about your business in order to comply with cannabis law in Illinois. This information includes staffing guidelines, security plans, documentation plans for patients, and more. If you fail to provide detailed descriptions your application to open a medical cannabis dispensary will be turned down.
Location, Location, Location- Picking a location for your business is usually one of the easiest tasks, but this is not the case when it comes to a dispensary. For obvious reasons, your business cannot be located near public or private schools, day cares, other child care facilities, residential-only zones, or other medical dispensaries. Careful planning must go into selecting the right location for your new business.
These are just a few of the many steps you have to take before you can open your own medical cannabis dispensary in Illinois. At McQueeney & McQueeney, we are dedicated to helping you succeed in reaching your dreams. You can rely on us for professional and legal advice when it comes to cannabis law. If you have any questions, do not hesitate to call us at (708) 979-0614 today.