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The Cannabis Biz, takes you deep inside the fast evolving cannabis business with access to all areas of the worldwide marijuana industry, including: recreational use, medical applications, c. Read all The Cannabis Biz, takes you deep inside the fast evolving cannabis business with access to all areas of the worldwide marijuana industry, including: recreational use, medical applications, cannabis technology, lifestyle, culture and more. The Cannabis Biz, takes you deep inside the fast evolving cannabis business with access to all areas of the worldwide marijuana industry, including: recreational use, medical applications, cannabis technology, lifestyle, culture and more.

Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.

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STEP 6: Obtain necessary permits and licenses

It’s rare there will be a ‘typical’ day in the CBD oil business because this business is so new and there are few established business models. An owner may be doing anything from managing inventory to dealing with new regulations to running lab reports for their product. Owners should also be devoting time on a regular basis to keep up with changing trends in their industry (as they can change extremely quickly.)

There are many resources out there specifically for women entrepreneurs. We’ve gathered necessary and useful information to help you succeed both professionally and personally:

A CBD oil business is generally run out of a place where the oil is manufactured. Businesses operating out of a physical location typically require a Certificate of Occupancy (CO). A CO confirms that all building codes, zoning laws and government regulations have been met.

Although CBD oil does not produce psychoactive effects like the THC found in marijuana, the two products are associated closely enought that the production and sales of CBD are currently in a legal grey area. Before starting your CBD oil business, it is important that you make sure to read up on both state and federal laws regarding CBD products. This will help ensure your business functions smoothly and avoids legal trouble.