Marijuana, also known as cannabis, has been consumed around the globe for around 3000 years. Since its legalization in California, the extraction of the plant has increased rapidly. Due to the recreational and medicinal benefits of marijuana, the plant has gained societal acceptance around the world.
The increased social acceptance worldwide has caused the sale of marijuana to go up by almost 50%. Considering only the USA, sales reached an amazing $1.5 billion in 2013. As more and more dispensaries open up in California, an increase in the extraction and packaging of marijuana is inevitable.
Advancements in Cannabis Retail
Technology has enabled these dispensaries to keep online bookkeeping records of how much marijuana has been sold, bought, utilized, transported, and wasted for whatever reason. Retail stores and dispensaries providing marijuana are planning to collaborate to improve the safe sale of the plant further.
Retail stores that collaborate with marijuana dispensaries are now supposed to have a medical certificate that allows the staff to sell the plant to patients who have legal permission. These certifications aim to educate the employees to better assist the patients.
According to changes in the law of selling marijuana, retail stores will be able to sell potent products that can be used for recreational purposes by the patients who require it. The products sold will mostly be limited to suppositories, capsules, tinctures, and transdermal patches. With more states heading towards legalizing marijuana in the upcoming years, investors and professionals from all over the world are heading towards cannabis faster than people head for a gold mine hunt.
No matter what these “ganjapreneurs” are doing, whether it is designing indoor farms to grow the plant successfully without geographical limitations or developing new vaporizers for effective and harmless smoking, these fresh entrepreneurs have decided that no matter how protective the law gets towards cannabis, they are determined to make it more accessible, legal and usable both for recreational and medicinal purposes.
Marijuana Distribution
Dispensaries get the marijuana from farmers who grow the plant or local dealers, and some of them even take it from illegal sources. In countries and states in which marijuana is legal, the process of cultivation starts with getting a permit from the government. These certificates are provided to the dispensaries for specific purposes only. A valid reason has to be given to prove that the marijuana that has been cultivated will be used solely for medical purposes and sold only to those who have verification from a doctor.
Once the government has allowed the cultivation of the plant, the next big step is the transportation of the cultivated plant from the farm or the area where it has been grown to the dispensary or the storage area. This carries a high risk of theft from local dealers who illegally deal with marijuana. Alongside, the transportation has to be cleared by legal authorities to ensure that the transportation process is safely handled without any problems with the police or any authority. Therefore, most cultivators seek official permission from the government in which either the authorities are informed, or a certificate allowing the transportation of the psychoactive substance is granted.
Marijuana Cultivation
Once the cultivated plant is successfully transported, it is ready to be sold and given to the patients requiring it. The records of how much marijuana is grown, sold, or destroyed in any way are all kept in the bookkeeping records of the dispensary or firm that is dealing in marijuana.
Along with the legalization of the medicinal use of marijuana, some states and countries like the Netherlands and some parts of the USA have legalized the use of cannabis for recreational purposes. The state laws define who can cultivate marijuana and who will be dealing with it. These laws may vary from state to state, and different countries will have different laws. For example, the law in Alaska will permit both recreational and medicinal use of marijuana along with providing documents that will allow cultivation. On the other hand, the law in Arizona defines that marijuana can only be used for medicinal purposes, and only registered dispensaries will be able to cultivate the plant.
Conclusion
In conclusion, the legalization of marijuana has sparked significant advancements in its cultivation, distribution, and retail. With increasing societal acceptance and the recognition of its medicinal and recreational benefits, the cannabis industry is experiencing unprecedented growth. Collaboration between retail stores and dispensaries, coupled with technological innovations in tracking and selling marijuana, exemplifies the industry’s evolution.
Moreover, changes in laws and regulations are shaping the landscape of marijuana sales, allowing for the expansion of product offerings and market accessibility. Despite differing regulations across states and countries, the determination of entrepreneurs to make cannabis more accessible and beneficial underscores the industry’s potential for further development. As marijuana cultivation and distribution processes become more regulated and streamlined, the industry is poised for continued expansion and innovation in the years to come.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.