Considering Cannabis? 34 Tips to Help You Decide if it's Right for Your Business

Friday, June 5 was the deadline for medical marijuana grower-dispensary hopefuls in New York State to file their applications with the State Department of Health. Early that morning, Kurt Van de Wetering and his team at THC Health Inc. hand-delivered their application, which filled two, 5-inch-thick binders with well over 1,000 pages. THC Health was one of 43 applicants (according to Buffalo Business First) vying for just five licenses being awarded by the state. Now they wait.

Van de Wetering isn’t a cannabis expert, nor does he have a history in cannabis cultivation. His family business, Ivy Acres, grows perennials, ground cover and bedding plants. It’s one of the largest suppliers to Home Depot. The family’s decision to move into the legal cannabis industry involved many considerations — from moral issues to the affect on the family’s existing business, as well as the business opportunities and risks in the growing...

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