An Elevator Pitch for a Cannabis Business Venture Essay

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Updated: Nov 22nd, 2023

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.

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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.

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

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

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

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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/.


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

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