New and emerging industries face unique challenges. The medical marijuana industry is particularly unique in many respects. The Roadblocks are numerous:
– Contradictory federal and state laws,
– Potentially onerous federal tax implications
– A skeptical banking community
– State audit mandates
– Internal controls surrounding cash
– Inventory management
All of this and more is in addition to traditional challenges facing any new business. Success, in fact – survival, greatly depends on how well these roadblocks are navigated.
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