As is the case with Marijuana Cultivation Facility licenses, the state has 45 to 90 days to respond. If the state approves the application, it will be forwarded to the local governments listed therein. Response times may vary from municipality to municipality..
Businesses (or individuals) can be separately licensed to transport marijuana from one business to another, like from a Cultivation Facility to a Products Manufacturer.In addition, Colorado has recently began issuing retail marijuana delivery licenses pursuant to which delivery directly to homes and businesses will be permitted.
Like all businesses, a cannabis-focused enterprise needs to first pick and name and incorporate with the Colorado Secretary of State. Cannabis companies can use any form of entity incorporate available in Colorado including corporations, limited liability companies, or limited liability partnerships. The choice of entity type could have significant legal and tax implications so we recommend speaking with one of Newburn Law’s experienced business lawyers prior to taking this step.
How to Start a Cannabis Extraction Business
Sales in the recreational segment of the marijuana market have grown every year since inception. Cumulatively, recreational sales have accounted for $10 billion in only seven years. Getting started first requires the same MED Regulated Marijuana Business License Application.
Again, the state has 45 to 90 days to respond to an application and, if approved, the application is forwarded to the local governments listed therein.
To get started in the cannabis industry, a business is going to need a substantial amount of capital. To apply for the Regulated Marijuana Business License, for example, a business will already need to possess the property where the business will be located, which could be a costly endeavor. In addition, it will also need to pay several fees to state and local governments, among them are:
Marijuana Product Manufacturer
Cannabis extracts are part of the fastest-growing segments of the legal marijuana market. Getting started requires either a Medical or Recreational Marijuana Products Manufacturer license as well as a license from a local licensing authority. The first step to complete the MED Regulated Marijuana Business License Application.
While possession and cultivation of marijuana are legal at the state level in Colorado, counties, and localities are given substantial discretion on how to implement marijuana legislation. Each town and county can decide to ban recreational marijuana businesses if they so choose. As of April 2017, 272 of Colorado’s municipalities had decided to prohibit the sale of recreational marijuana within their jurisdiction.
Archambault: Ideally, you’ll have a controlled environment, with fresh air coming in through a ventilation system and exhaust air going out the opposite end of the room, because plants don’t do well in stagnant air. If you use a controlled environment like a tent or cabinet, you’ll want a thermostat to make sure the room stays at the same temperature instead of getting too hot.
Q: Then what?
Q: What’s a “vegging light bulb”?
Q: Does it make more sense to try to grow hydroponically?
Even in jurisdictions that don’t allow retail marijuana shops, it’s legal to grow your own on your own property, within the specifications of Amendment 64.