A marijuana business expo is now in its fifth year in L.A., with NBC-4 defining it as an event for cannabis growers, entrepreneurs, investors, doctors and users to gather, network and collaborate. As California is poised to become one of the biggest marijuana markets on earth, thanks to its recent legalization of adult recreational use of the drug. The expo is held until the end of the month, with booths making available a variety of businesses, services and products. Some keynote speakers have been identified as industry experts and trailblazers.
But as the market grows, our L.A. marijuana business attorneys cannot stress enough how important it is that whatever you niche, you need an attorney to help you navigate through the complex process of state law and local regulation. Failure to do so can end up costing you a substantial sum in the long run.
Although it seems everyone is finding a niche in the cannabis market, there are some main umbrellas under which most of these operations fall:
- Infused products
- Retail sales