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The cannabis industry is exploding. States are legalizing it, and more states are considering legalization. There are new products on the market every day and more people looking to enter into this emerging marketplace. Many people look at this industry as a gold mine, with so many opportunities available. It’s true that it can be lucrative, as sites like Daily High Club have proved by selling a variety of marijuana accessories, such as many dry herb vaporizers and offering a collection of bongs, but there are also challenges like regulations and getting your product out into the public eye. With these difficulties comes more success if you know what you’re doing, which is where this article comes in! We’ll go over everything from marketing strategies to regulatory issues so you can make sure your business thrives! Let’s get started.
Know the law
The cannabis industry is not like many other industries in the way of legality. This is because for a very long time marijuana has been illegal, and even now, cannabis is still considered a controlled substance under federal law. As someone operating within the cannabis industry, this means that it’s very important to know the laws.
For example, CBD has also been illegal for quite some time, however, it has a lot more freedom in comparison to THC products. Even having said that, CBD products need to contain less than 0.3% THC. You also need to make sure that you apply for licenses to operate legally since without a license you could easily be shut down.
Understand the market
As it is with any industry, you need to understand the market to survive and thrive. It will be incredibly difficult for you to succeed if you don’t know anything about the… Read More
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