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12 Legal Considerations For Potential Cannabis Production

Submitted by Marijuana News on Thu, 09/10/2015 - 08:45

If you are reading this, you are possibly interested in either becoming a grower of cannabis (sometimes also referred to as a producers or cultivators) or you are already profiting from cannabis production. With the constantly changing political and legal environments surrounding medical marijuana, here are some legal issues to keep in mind as you consider expanding your business through cannabis cultivation.

First and foremost, the federal government treats cannabis as a Schedule I substance, which makes cultivating, distributing or possessing it illegal. A Schedule I substance is one defined as having no demonstrated medical benefit and being highly addictive, such as LSD and Heroin. So there is no coherent federal policy governing or regulating cannabis producers.

The Schedule I classification also impacts opportunities to obtain banking services since on a federal level the proceeds of the sale of cannabis are deemed to be criminal proceeds. Even state banking institutions, such...

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