An Elevator Pitch for a Cannabis Business Venture Essay

Exclusively available on Available only on IvyPanda® Made by Human No AI

Scientific research over the years has shown that cannabis can be farmed commercially for various non-recreational and profitable ventures. I propose this business venture here in Oregon, as it is one of the states that have legalized cannabis. Entering into the business legally requires certification from the relevant authorities, which an individual or organization must undergo to qualify. The Oregon Liquor & Cannabis Commission, OLCC, is one of the agencies that regulate this industry.

The business would fall under OLCC’s medical marijuana operational program, which is responsible for tracking all producers registered in the state. Since we intend to cultivate, manufacture, and produce medical marijuana, this agency would be essential in facilitating the registration for all legalities pertaining to the business. The Oregon Department of Agriculture is another agency that would help in legalizing the business.

Other requirements would include workers’ permits, relevant licenses, compliance with the land use planning and zoning, land use compatibility statements from the authorizing government agency, building permits, and relevant inspections. OSHA certification is also vital in ensuring the business adheres to workplace safety health standards of Oregon. The Cannabis Regulation/Oregon Medical Marijuana Act – ORS 475C is an example of a cannabis law relating to getting into the business legally. I highly recommend funding of this business because it is not only highly profitable, but also offers significant potential to the pharmaceutical world.

Scientific evidence shows the potential of medical marijuana as a drug, hence the need to invest in the business. The OLCC is important because they provide the largest legal coverage for the cannabis business venture. The license covers producers, retailers, processors, and wholesalers. Therefore, the license would allow the venture to maintain operations at all levels of business.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2023, November 22). An Elevator Pitch for a Cannabis Business Venture. https://ivypanda.com/essays/an-elevator-pitch-for-a-cannabis-business-venture/

Work Cited

"An Elevator Pitch for a Cannabis Business Venture." IvyPanda, 22 Nov. 2023, ivypanda.com/essays/an-elevator-pitch-for-a-cannabis-business-venture/.

References

IvyPanda. (2023) 'An Elevator Pitch for a Cannabis Business Venture'. 22 November.

References

IvyPanda. 2023. "An Elevator Pitch for a Cannabis Business Venture." November 22, 2023. https://ivypanda.com/essays/an-elevator-pitch-for-a-cannabis-business-venture/.

1. IvyPanda. "An Elevator Pitch for a Cannabis Business Venture." November 22, 2023. https://ivypanda.com/essays/an-elevator-pitch-for-a-cannabis-business-venture/.


Bibliography


IvyPanda. "An Elevator Pitch for a Cannabis Business Venture." November 22, 2023. https://ivypanda.com/essays/an-elevator-pitch-for-a-cannabis-business-venture/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
This academic paper example has been carefully picked, checked and refined by our editorial team.
No AI was involved: only quilified experts contributed.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment
1 / 1