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What CBD Oil is Right For Me?

What CBD Oil is Right For Me? There are so many wonderful cannabis products out there, but the big question you are probably asking yourself is: What CBD Oil is Right For Me? First off, let’s get this little disclaimer out of the way so we can carry on. Every one reacts to cannabis differently, […]

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What CBD Oil is Right For Me?

There are so many wonderful cannabis products out there, but the big question you are probably asking yourself is: What CBD Oil is Right For Me?

First off, let’s get this little disclaimer out of the way so we can carry on.

Every one reacts to cannabis differently, so expect some trial and error when exploring the best oil-option for you.

Now that that’s out of the way, we can move on to some interesting and helping tips to help you choose and decide.


Choosing How To Take CBD

CBD oil products come in a wide range of concentrations, meaning some have higher doses of cannabidiol than others.

The higher the concentration, the more potent the CBD oil is.

You can choose to take CBD in a capsule or as a straight-up oil – the method is entirely up to you.

CBD-Capsule

If you’re easily confused by milligrams or percentages like I was, it’s important to know two things: some products contain the amount of CBD in milligrams, for example: 300mg’s, while others will include the percentage, for example: 28% CBD.

No matter what number the company has listed, the higher it is, the stronger or more potent the oil will be.


I’m Just Starting To Use CBD Oil

If you’re new to the CBD oil world, just use what I like to call: ” The Marijuana Mantra” which goes a little something like this:

picture of a cannabis leaf for edible marijuana

“Dose LOW and Dose SLOW”

— The Marijuana Mantra


You can gradually work your way up to higher doses. Just notice how it affects your body, and then adjust accordingly.

If you’re using CBD for medicinal purposes, most MD’s (at least here in Canada) will encourage you to start at 0.5 ml, for example, for three days and then increase slightly again after 3 days.

Subtlety is key, so your body can adjust and regulate what’s going on and you can too!


What Are The Different Kinds of CBD?

There are two most common types of CBD Oil. Full-spectrum CBD, and CBD isolate.

Full-spectrum oils contain all of the active cannabinoids and terpenes found within the plant, while CBD isolate is pure cannabidiol, and nothing else.

With a full-spectrum CBD oil, it encourages what’s called the entourage effect. It’s when cannabinoids AND terpenes (natural chemicals found within the cannabis plant) boost each other’s effects while they interact and mingle inside your body.

Isolate oils do not, because the terpenes are removed – so there are benefits to both oils, and your body needs to show you which one works best.

Homemade cannabis capsules with cbd

CBD Oil VS Capsules

Just as important as choosing the right concentration, you should consider how you’re going to consume CBD.

You can take CBD oil sublingually (meaning: under the tongue) with an oil dropper, or you can choose to get CBD capsules or gummies which is easy to eat and easier to manage the dosage.

These products still contain the same active ingredients, but the onset and actual duration of effects might vary from person to person.

When you take CBD oil under your tongue, the cannabinoid has a direct path to the bloodstream and your absorption rate is higher.

But that being said, when the effects of edibles or capsules do start – they actually last longer than if you took it under the tongue!

It just depends on your lifestyle, and desired effects.

the difference between cbd and cbg

CBD On A Budget

If you’re on a budget or financially strapped, you’ll need to take price into consideration.

CBD oils with a higher concentration might be slightly more pricey, but it means it may last longer so you won’t have to constantly order, wait and pay for shipping frequently.

Check for companies who are transparent and honest with their numbers, tests and results.

You can feel great knowing that you have a high-quality, lab-tested, and certified product to put into your body.


The Bottom Line

The bottom line is that there isn’t a ‘best’ CBD oil for any particular person, circumstance or wellness goal.

Talk with your medical professionals, and determine what to start with, and create a journal or note on your smartphone to document your feelings.

Feeling better? Keep going!

Feeling not-so-hot? Change the type, dose or frequency of ingestion to start noticing the wonderful and beneficial effects of CBD oil.


To learn more about how you can cook with CBD oil, or create yummy recipes check out our recipe index here.

If you’re looking to up-level your canna-cooking game, you may want to start here.

Share our post and comment below! We’d love to hear from you.

Source: https://www.cannadish.net/what-cbd-oil-is-right-for-me/

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How to open a cannabis dispensary in New Mexico

The post How to open a cannabis dispensary in New Mexico appeared first on Cannabis Industry Lawyer – Tom Howard.

Republished by Plato

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How to Open a Cannabis Dispensary in New Mexico

Open a cannabis dispensary in New Mexico

The New Mexico Legislature recently voted to legalize recreational cannabis through the House Bill 2 that was recently passed by two House committees. 

The bill, sponsored by Reps. Javier Martinez, Andrea Romero, and Deborah A. Armstrong passed the House Health and Human Services Committee on Feb. 15 and passed the House of Taxation and Revenue Committee on Feb 24. Now, on March 31, it passed the Senate on a 22-15 vote. 

It then returned to the House, which had approved it 38–32 earlier in the day, for consideration of Senate changes. That vote passed by a voice vote.

Legal retail sales are scheduled to begin by April 1, 2022

Opening a Cannabis Dispensary in New Mexico

Although there have been some delays in signing the bill, and the road to recreational sales in early 2021 is anything but clear, recreational sales are expected to take up to six months to reach the market.

With the revenue generated by cannabis dispensaries in the billions of dollars and rising, these developments present a very lucrative opportunity. However, opening and running a dispensary is a challenging business venture:

  • Opening a dispensary requires a lot of considerations, compliance with numerous regulations and a significant amount of capital.
  • Costs to open your doors could run from $500,000 upwards of millions depending on real estate costsand the size of the operation.
  • Many cannabis dispensaries are selling millions of dollars of product a month
  • Competition for new dispensaries tends to be fierce.

It’s important to mention that the first dispensaries that will sell recreational cannabis will be existing medical marijuana dispensaries, and although the application window isn’t open just yet, it is generally a good idea to be prepared ahead of time for the application process.

Timeframe for the licensing process

The Cannabis Control Division is going to start accepting and processing New Mexico Cannabis license applications in accordance with the following schedule:

  • September 1, 2021: Cannabis producers; cannabis producers microbusinesses and any other person properly licensed and in good standing as a licensed cannabis producer pursuant to the Lynn and Erin Compassionate Use Act.
  • January, 2022: All other licenses.

The Cannabis Control Division (CCC) is scheduled to develop a plan to encourage racial, ethnic, gender and geographic diversity among licensees by no later than January 1, 2022. 

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Obtain a New Mexico Cannabis License

You can check out the details on how to obtain a New Mexico cannabis license here. Obtaining a cannabis license can be incredibly difficult and costly. Further, there usually are strict requirements for prospective dispensary owners.

There is information pending regarding the licensing process. However, according to the current recreational cannabis bill:

Apart from direct cannabis knowledge, your team must be knowledgeable in a wide range of topics. This is because there are multiple topics considered essential to running a cannabis company, and any information gaps will jeopardize long-term success.

Also, your team should prepare various business plans, which should include:

  • Financial Plan
  • Manufacturing Plan
  • Inventory Control Plan
  • Security Plan
  • Recordkeeping Plan
  • Community Benefits Plan

A revenue forecast is conducted by estimating how much product you think you will sell production costs, retail price and complementary costs (payroll, rent, transport, etc.). You may also include a break-even analysis, with an estimated timeline until profitability.

  • New Mexico-specific Requirements – You may include details of covering your security systems, secure product transport, product tracking, waste plans and other state requirements. Note that these may be included in your application.
  • Investor Proposal – Involves how you will value your shares if you present your plan to investors. Consult with a CPA to ensure you are compliant with state and federal regulations

The prospect of booming business

With the new law set to take effect soon it is only a matter of time before the cannabis industry develops into a multi-billion industry. Residents can take advantage of the various licenses set to be issued out for growers and dispensary owners. Going by the stipulations in the new bill it is a very real prospect that New Yorkcould soon become a cannabis haven and there is no telling what new opportunities may crop up in the process.

Conclusion

With the right motivation and access to necessary resources, our office can help you successfully start a profitable cannabis dispensary in New Mexico. Although it is important to note that this process takes time even when you have the resources.

Given the licensure steps, finding a suitable location and developing your storefront to meet the state requirements, it may take well over a year from application to selling.

Remember: the cannabis industry is heavily regulated and getting help from industry, and business experts is recommendable.

And lastly, don’t miss out on our Marijuana Legalization Map where you can browse the current status of laws in every state in the United States and see all our posts on each of them.

Check Out:

Interested in coming on as a guest? Email our producer at [email protected]

How to open a dispensary in New Jersey

How to get a dispensary license in New Jersey? That’s the question you should ask yourself if you’re thinking about opening a dispensary in New Jersey. In order to obtain a dispensary license, you’d need to comply with requirements established by the new law on the…

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Thomas Howard

Thomas Howard

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Source: https://www.cannabisindustrylawyer.com/how-to-open-a-cannabis-dispensary-in-new-mexico/

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How to open a dispensary in New Jersey

The post How to open a dispensary in New Jersey appeared first on Cannabis Industry Lawyer – Tom Howard.

Republished by Plato

Published

on

How to Open a Dispensary in New Jersey

How to get a dispensary license in New JerseyHow to get a dispensary license in New Jersey? That’s the question you should ask yourself if you’re thinking about opening a dispensary in New Jersey. In order to obtain a dispensary license, you’d need to comply with requirements established by the new law on the matter and be awarded a license – a rigorous process.

Medical marijuana businesses became legal in New Jersey in 2010 –although heavily regulated- just to give some perspective on this: even though the state has a population of 8.8 million, there are only 13 medical cannabis dispensaries

Since November 2020, recreational marijuana businesses have been legalized, thanks to a ballot initiative. According to this initiative, The Cannabis Regulatory Commission (CRC) will oversee the state’s marijuana program and the issuance of associated licenses, and among them, the dispensary licenses. However, the county and city where the business will be located may also determine whether you can start a business within their borders or not.

With some sources stating that the market size of legal marijuana is expected to reach $23 billion by 2025, the one thing that’s certain about this state is that there’s good money to be made in legal Cannabis in New Jersey –once you decide you’re willing to overcome all the bureaucracy and some stiff competition.  

Medical marijuana dispensary licenses in New Jersey

Unfortunately, 22 August 2019 was the last date to apply for a medical marijuana dispensary license in New Jersey and since then, there hasn’t been another period to apply for it. However, this doesn’t mean that it won’t open anytime soon. What’s even more: with the approval of adult-use marijuana, there’ll be an opening for businesses to get a dispensary license soon. 

So, now is the time when you need to know what to do, what to expect, and how much everything is going to cost, so you can get ahead of your competition. 

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Opening a Cannabis Dispensary New Jersey

Although there have been some delays in signing the bill, and the road to recreational sales in early 2021 is anything but clear, recreational sales are expected to take up to six months to reach the market.

With the revenue generated by cannabis dispensaries in the billions of dollars and rising, these developments present a very lucrative opportunity. However, opening and running a dispensary is a challenging business venture:

  • Opening a dispensary requires a lot of considerations, compliance with numerous regulations and a significant amount of capital. 
  • Costs to open your doors could run from $500,000 upwards of millions depending on real estate costs and the size of the operation.
  • Many cannabis dispensaries are selling millions of dollars of product a month
  • Competition for new dispensaries tends to be fierce.

It’s important to mention that the first dispensaries that will sell recreational cannabis will be existing medical marijuana dispensaries, and although the application window isn’t open just yet, it is generally a good idea to be prepared ahead of time for the application process.

Obtain a New Jersey Dispensary License

You can check out the details on how to obtain a cannabis dispensary license here. Obtaining a cannabis license can be incredibly difficult and costly. Further, there usually are strict requirements for prospective dispensary owners.

There is information pending regarding the licensing process. However, according to the current recreational cannabis bill:

“Each license application shall be scored and reviewed based upon a point scale with the commission determining the amount of points, the point categories, and the system of point distribution by regulation. The commission shall assign points and rank [all] applicants [, from the most to the least points,] according to the point system.”

This “point system” approach is similar to what we’ve seen in other states that have recently legalized adult-use cannabis. Your application will be scored using a point system that considers your and your team’s experience, skills, and qualifications on a wide range of topics. Here’s a sample of some of the topics you may be assessed on:

  • Environmental impact plan
  • Safety and security procedures
  • Cybersecurity plan
  • Emergency management plan
  • Diversion prevention
  • Sanitation practices plan
  • Procedures reporting adverse events
  • Proof of financial competence to carry out plans

As you can see, apart from direct cannabis knowledge, you must be knowledgeable in a wide range of topics. This is because each of the above topics is essential to running a cannabis company, and any information gaps will jeopardize long-term success.

Also, your team should prepare a business plan, which should include:

  • Financing plan
  • Quality control and quality assurance plan
  • Dispensary/operations plan 
  • Labor compliance plan
  • Workforce and job creation plan
  • Security plan 
  • Environmental impact plan
  • Anything else you think would help you stand out and attract investors

A revenue forecast is conducted by estimating how much product you think you will sell production costs, retail price and complementary costs (payroll, rent, transport, etc.). You may also include a break-even analysis, with an estimated timeline until profitability.

  • New Jersey-specific Requirements – You may include details of covering your security systems, secure product transport, product tracking, waste plans and other state requirements. Note that these may be included in your application.
  • Investor Proposal – Involves how you will value your shares if you present your plan to investors. Consult with a CPA to ensure you are compliant with state and federal regulations

The prospect of booming business

With the new law set to take effect soon it is only a matter of time before the cannabis industry develops into a multi-billion industry. Residents can take advantage of the various licenses set to be issued out for growers and dispensary owners. Going by the stipulations in the new bill it is a very real prospect that New Yorkcould soon become a cannabis haven and there is no telling what new opportunities may crop up in the process.

Conclusion

With the right motivation and access to necessary resources, our office can help you successfully start a profitable cannabis dispensary in New Jersey. Although it is important to note that this process takes time even when you have the resources.

Given the licensure steps, finding a suitable location and developing your storefront to meet the state requirements, it may take well over a year from application to selling.

Remember: the cannabis industry is heavily regulated and getting help from industry, and business experts is recommendable.

And lastly, don’t miss out on our Marijuana Legalization Map where you can browse the current status of laws in every state in the United States and see all our posts on each of them.

Check Out:

Interested in coming on as a guest? Email our producer at [email protected]

How to open a dispensary in New York

How to open a dispensary in New York Do you want to open a dispensary in New York but don’t know where to start? This page will keep you informed of the latest news and updates about starting a cannabis company in New York. New York became the 15th state to legalize…

How to open a marijuana dispensary in Maine

How to open a marijuana dispensary in Maine Are you wondering how to open a marijuana dispensary in Maine? This page will keep you up to date with the latest news and information relevant to opening a marijuana store in Maine. Although adult-use marijuana was…

Thomas Howard

Thomas Howard

Cannabis Lawyer

Thomas Howard has been in business for years and can help yours navigate towards more profitable waters.

Virginia Marijuana Establishment Licenses

Virginia Marijuana Establishment Licenses Recently -on April 7- HB 2312 and SB 1406 were voted to be approved after Gov. Ralph Northam requested amendments from the legislature.  This bill will replace cannabis prohibition with a system to legalize, tax, and regulate…

Connecticut Cannabis Establishment License

Connecticut Cannabis Establishment License: How to Apply In February of this year, Gov. Ned Lamont proposed a legislation that would permit the sale and possession of recreational marijuana in Connecticut, starting in 2022 and relying on the existing infrastructure of…

Cannabis SPAC

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Maine Marijuana License: How to Apply

Maine Marijuana Licenses A Maine Marijuana License is a legal document that allows its holder to commercialize or otherwise work with cannabis in the state of Maine. Though adult-use marijuana was legalized in 2016, Maine did not establish regulations for commercial…

New Jersey Cannabis Delivery License

New Jersey Cannabis Delivery License A Class 6 Delivery License is a legal document that allows its owner to provide courier services for consumer purchases of cannabis items and related supplies fulfilled by a cannabis retailer in order to make deliveries of the…

New Jersey Cannabis Retailer License

New Jersey Cannabis Retailer License A Class 5 Retailer License is a legal document that allows its owner to purchase or otherwise obtain usable cannabis from cannabis cultivators and cannabis items from cannabis manufacturers or cannabis wholesalers, and sell these…

New Jersey Cannabis Distributor License

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Source: https://www.cannabisindustrylawyer.com/how-to-open-a-dispensary-in-new-jersey/

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How to open a dispensary in New York

The post How to open a dispensary in New York appeared first on Cannabis Industry Lawyer – Tom Howard.

Republished by Plato

Published

on

Connecticut Cannabis Establishment License

Do you want to open a dispensary in New York but don’t know where to start? This page will keep you informed of the latest news and updates about starting a cannabis company in New York.

New York became the 15th state to legalize recreational cannabis on March 31st. This means that one of the most promising cannabis markets has opened up.

Opening a Cannabis Dispensary in New York

New York will issue retail licenses to applicants, although we don’t know the timeframe in which the application process is going to start, it is expected that retail sales would start in 2022.

With the revenue generated by cannabis dispensaries in the billions of dollars and rising, these developments present a very lucrative opportunity. However, opening and running a dispensary is a challenging business venture:

  • Opening a dispensary requires a lot of considerations, compliance with numerous regulations and a significant amount of capital. 
  • Costs to open your doors could run from $500,000 upwards of millions depending on real estate costs and the size of the operation.
  • Many cannabis dispensaries are selling millions of dollars of product a month
  • Competition for new dispensaries tends to be fierce.

Prepare a Business Plan

You will need a business plan if you seek to open a dispensary in New York. There are several aspects that your business plan should cover. These are explained in detail below:

  • Product/Service Description – This entails how you plan to run the dispensary and the unique aspects about it. Try to be as specific as possible. Include details of the strains of flower you will dispense and where you will source them.
  • Market Research – This section includes the methods you used to identify your target customers and how this data will affect your marketing, operations and pricing. Always use concrete numbers (ideally verified by a third party) rather than estimates.
  • Competitors – Includes details on other businesses that you will compete with, either directly or indirectly. What are their strengths and weakness, and how do you plan to differentiate your business.
  • Leadership Team – This section includes a summary of your qualifications and those of your management team. You may include business development experience in other sectors, leadership skills or customer service.
  • Financials – This section can be quite daunting. It involves formulating a clear and concise budget. You should include a long-term (say 5 years) financial forecast that includes operational expenses, net profit and projected annual revenue.

A revenue forecast is conducted by estimating how much product you think you will sell production costs, retail price and complementary costs (payroll, rent, transport, etc.). You may also include a break-even analysis, with an estimated timeline until profitability.

  • New York-specific Requirements – You may include details of covering your security systems, secure product transport, product tracking, waste plans and other state requirements.
  • Investor Proposal – Involves how you will value your shares if you present your plan to investors. Consult with a CPA to ensure you are compliant with state and federal regulations

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Obtain a Cannabis Dispensary License

You can check out the details on how to obtain a cannabis dispensary license here. Obtaining a cannabis license can be incredibly difficult and costly. Further, there usually are strict requirements for prospective dispensary owners.

The prospect of booming business

With the new law set to take effect soon it is only a matter of time before the cannabis industry develops into a multi-billion industry. Residents can take advantage of the various licenses set to be issued out for growers and dispensary owners. Going by the stipulations in the new bill it is a very real prospect that New Yorkcould soon become a cannabis haven and there is no telling what new opportunities may crop up in the process.

Business plans you will need to open a dispensary in New York

There are a lot of things to consider as you prepare to make your application as a cannabis dispensary. If you are looking to apply for the license then you will probably need the following business plans;

  • Financial plan
  • Marketing plan
  • Security plan
  • Suitability of proposed facility
  • Staffing plan
  • Plan with which to educate patients
  • Inventory control

Conclusion

With the right motivation and access to necessary resources, our office can help you successfully start a profitable cannabis dispensary in New York. Although it is important to note that this process takes time even when you have the resources.

Given the licensure steps, finding a suitable location and developing your storefront to meet the state requirements, it may take well over a year from application to selling.

Remember: the cannabis industry is heavily regulated and getting help from industry, and business experts is recommendable.

And lastly, don’t miss out on our Marijuana Legalization Map where you can browse the current status of laws in every state in the United States and see all our posts on each of them.

RELATED POST: HOW TO OPEN A MARIJUANA DISPENSARY IN MAINE

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How to open a marijuana dispensary in Maine

How to open a marijuana dispensary in Maine Are you wondering how to open a marijuana dispensary in Maine? This page will keep you up to date with the latest news and information relevant to opening a marijuana store in Maine. Although adult-use marijuana was…

Massachusetts Marijuana Retailer License Application

Massachusetts Marijuana Retailer License Application Applying for a Massachusetts Marijuana Retailer License is the first step any cannabis entrepreneur that resides in the bay state should take care of if they want to open a dispensary. The Cannabis Control…

Thomas Howard

Thomas Howard

Cannabis Lawyer

Thomas Howard has been in business for years and can help yours navigate towards more profitable waters.

Connecticut Cannabis Establishment License

Connecticut Cannabis Establishment License: How to Apply In February of this year, Gov. Ned Lamont proposed a legislation that would permit the sale and possession of recreational marijuana in Connecticut, starting in 2022 and relying on the existing infrastructure of…

Cannabis SPAC

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cannabisindustrylawyer.com/how-to-open-a-dispensary-in-new-york/

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