A member of the Association for Consulting Expertise advises a reader on how to make sure a new cannabis business complies with the industry’s complex regulations.
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Q: What actions can I take to successfully operate a cannabis business in Maine?
ACE advises:
Think local. Regulations governing how and if a cannabis business can operate in a given location vary widely by state and municipality. What’s legal in Colorado is not necessarily legal in Maine. What’s permitted in Scarborough is significantly different from what’s allowed in Skowhegan. Take the time to learn the details of local ordinance and zoning requirements.
It is equally important to develop and maintain local markets for the businesses. Until the federal government legalizes interstate sale, medical and adult use cannabis produced in Maine can be distributed and sold solely within the state.
Prepare to adapt. The only constant is change when it comes to requirements for legal cannabis cultivation, processing, and distribution. Federal regulations impacting access to financial institutions are in a state of flux. The state legislature and regulatory agencies modify dozens of laws and rules each year governing the operation and taxation of cannabis businesses in Maine.
Plan for the long term. Numerous licenses and permits are required before a cannabis business can begin operations and they must be regularly renewed. Approval processes take months to complete. If filing deadlines are missed or applications lack adequate proof of compliance with local and state regulations, the process can expand from months to years.
Invest in knowledgeable guides. A regulatory compliance specialist experienced in navigating state and local licensing processes can work with a business owner to develop realistic timelines and put together quality application materials. Obtaining guidance from professionals experienced in assisting Maine cannabis businesses maximizes your ability to invest wisely and develop a sustainable operation that can weather the state’s changing regulatory climate.
Hillary Lister is a solo practitioner providing professional guidance for small businesses and organizations seeking to effectively navigate Maine’s changing regulatory landscape. She can be reached at hillarylister@mainematters.net.
