Step 2 of forming a cannabis dispensary is to form a legal entity, i needed to form an LLC or a caption for my cannabis dispensary; This is so if my cannabis store is getting sued, I won’t be held personally liable, however yup, I undoubtedly need to do that, so I had no clue where to start on actually forming this business.
I realized that I am just a marijuana grower.
I can tell you about soil, light exposure and how to properly cure cannabis. I guess all about LED vs HID lights. I have no clue on what is the difference between an LLC and a corption. I also didn’t guess how to form 1. Thankfully there are experts in this field. I found a recreational cannabis consultant that had opened hundreds of cannabis dispensaries before. I had the currency, I just didn’t guess how to do the paperwork. The guy basically spoon fed to me how to do an LLC, then he got me all set up, registered for state taxes and opened a contractor account and card for me. These were things that I haven’t even considered, however when I imagined a dispensary, I was thinking about the products and people working for me. I was thinking all about the end result. The nitty gritty to get there is a lot of licensing and paperwork. Thank goodness I hired a gut to make sure I have considered everything and all parts of my dispensary are covered. I now have accurate and detailed accounts set up for tax season. That is something I never would have considered on my own.