Seeing through the smoke.


There are many people in Florida trying to sell you on the idea of striking it rich through the upcoming "green" economy. All you have to do is give them your money. Don't be fooled by to-good-to-be-true promises as many of these pitches misrepresent the true nature of the industry and the upcoming laws in Florida.

Though the wave of reforming marijuana laws is coming to the shores of Florida, a potential investor needs to be properly informed of the limitations facing this highly regulated industry. While opportunities abound for the savvy investor in a variety of states, Florida offers significant hurdles that must be overcome prior to opening a business. For instance, a review of House Bill 683 provides an investor insight to the proposed regulatory requirements.

Zoning, transportation, advertising, trademarks, security, and patient registry reporting are just some of the issues that need to be considered and addressed before deciding to pursue a cannabis business. Don't throw away money going to clinics and seminars that promise that you will be able to easily open a business. Consult with a licensed Florida attorney to get a full understanding of the risks and liabilities that exist.

Until reform of the laws actually occurs, marijuana remains a Schedule I drug and is illegal under Federal law. Also, in Florida, marijuana remains illegal whether for medicinal or recreational use.

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