Starting a Marijuana Business: How to Sell Marijuana Legally

If you’re wondering how to sell marijuana legally, the answer is simple.

Marijuana is something that many people talk about because it’s cemented itself into mainstream culture. In recent years, it became legal to use marijuana recreationally across several states.

The recent legalization of marijuana has encouraged many business owners to start dispensaries. While a dispensary can be a great way to earn passive income, it requires a few more steps than a regular business does due to marijuana being the main product.

Read on to learn more about how to make money selling weed legally.

Get Insurance

One of the first things you’ll need to do if you want to make money with weed is to get your business insured. After you’ve chosen the location where you’ll operate out of, you’ll need insurance to cover the building in case it suffers from damage. No matter what kind of insurance you go for, you need to ensure that your employees will be insured if they’re hurt.

While associations like the National Cannabis Risk Management Association don’t offer insurance products themselves, they do sanction and examine various insurance products. Visit them for more information on their operations.

Get a Business License

The next thing you’ll need to do is get a business license. All businesses need this kind of license because it lets the government know that what you’re doing is safe and legal. Without a business license, there’s a good chance you’ll get fined.

You must also ensure that you’re selling marijuana in a legal state. If you’re not, you could end up going to jail and get charged with several felonies. However, it’s unlikely you’ll make it this far if you’re in a state where cannabis isn’t legalized.

Most cannabis businesses will get multiple licenses to allow them to do various things. For example, you need to get an extra license if you’d like to produce cannabis. One popular cannabis business, Planet 13 Holdings, boasts about having six cannabis licenses.

Hire Certified Budtenders

Budtenders are those that produce cannabis and interact with customers. For anyone wondering how to make money selling weed, having certified budtenders is one of the best things you can do.

All budtenders are required to have a budtender certification, which essentially proves that they know a lot about cannabis. Certified budtenders will be able to make educated recommendations to customers and they’ll know how to maintain your company’s cannabis.

Now You Know How to Sell Marijuana Legally

Opening a cannabis business can be one of the most profitable things an entrepreneur can do. Now that you understand how to sell marijuana legally, we encourage you to open a dispensary. You’ll make money a lot quicker than you would with most businesses and the process is simple.

Should you decide to open a dispensary, start by creating a business plan. Decide where you’ll set up a shop and go from there. After choosing a location, you can start looking into insurance, licenses, and hiring the right people.

Browse our articles if you’d like to learn more about business-related topics.