The Smart Way to Protect Your Cannabis Business
In less than two years after becoming legal in Massachusetts, the Commonwealth’s cannabis industry has generated over $1 billion in gross sales, and an additional $200 million in state tax revenue. Those numbers do not include the gross sales of the supporting businesses, or the income tax generated from the hiring of thousands of employees, that are directly and indirectly involved in the industry.
Regulations have changed twice in less than three years and seem to be evolving and changing on what seems like a weekly basis. The cannabis industry can be extremely profitable, but it is also subject to stringent regulations, close monitoring, and a near zero tolerance for any perceived violation.
The governance of a business that operates in a highly regulated industry, such as cannabis, needs to make risk mitigation and management a top priority. We help our clients avoid the mistakes that can be expensive, result in license suspension or, the worst-case scenario, a permanent revocation of your cannabis license. Your organization’s success directly correlates to our success, we have a vested interest in your success.