The rules of I502 have not been made yet but, with passing of the law, the creation of a new industry has started in Washington state encompassing thousands of jobs and endless business opportunities.
The Liquor Control Board is tasked with creation of industry rules and strict regulations that must balance the viability of cannabis businesses with the demands of state and Federal authorities; all while cannabis remaining against Federal law and the use, possession, and distribution of cannabis remain Federal crimes under the CSA.
The creation of a new industry requires the assistance of multiple professionals to ensure success and sustainability. Lawyers, accountants, insurance brokers, investment firms, local government, websites, advertising, consultants and many others will all play a part in the implementation of I-502. Nonetheless, hard questions still remain, and this seminar is designed to answer those questions.
WCI seminar will cover current penalties stemming from violations of I-502, how the initiative is designed to fend off a Federal attack, and exactly how California and other medical marijuana states have been operating this entire time with their “medical” marijuana industry. The hot topics of issues of access to banking, cannabis insurance and investments are also discussed.
Q: If I502 is still in the rule making process, what’s the point of taking these seminars?
A: WCI seminars put your right in front of industry professionals. Alan Rathburn, the licensing director from the Washington Liquor Control Board will be going the over the draft rules of the I 502 and a Q & A. You will meet attorneys who specialize in marijuana criminal cases. You will hear from a business attorney who specializes in marijuana business entity formation. You will talk to attorneys, who will explain possible ways to file taxes. Irregardless of what happens with the I502 regulations, cannabis is considered illegal under federal law, thus handling how to pay your taxes will still be an issue. You will hear what the attorneys have to say to prepare yourself for what’s coming up ahead. You will get a hands on course on police encounters from a retired sheriff deputy. You will meet other industry professionals such as, cannabis testing labs, merchant accounts, banking professionals, insurance agents, etc. These industry contacts are vital to your success in your marijuana business venture. Not to mention you will get to learn how to grow the best marijuana and advertising advice from advertising specialists on how to effectively market your business for long term success.
If you plan on getting into this business, then you need to consult with an attorney who handles marijuana related businesses. Getting into this business without an attorney consultation or taking advice from Youtube videos or cannabis related forums is unwise. If you hired an attorney for consultation, you could pay $500 to $1,000 just for them to teach you the laws and give you advice for an hour or two. We bring the industry attorneys to you for two days, in a detailed course prepared by the attorneys. You will ask the questions you want and get to hear other questions that you did not think about from other seminar attendees.
The seminar fee of $300 is just a drop in the bucket considering how much money you would have to spend to stock up your marijuana business, entity formation, rent and overhead to run your business, if you ever get to it.
Q: Will you cover how to start a MEDICAL marijuana business in Washington as well?
A: Yes. We will cover how to start and operate medical marijuana businesses in the state of Washington. We will cover corporate structures and what cities and areas of Washington state are real “marijuana friendly”.