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Cannabis Class Is In Session! A Guide to the Marijuana Biz, This Weekend in Seattle

If you are curious about getting involved in the marijuana business now that it's legal in our state, you may have no idea where to start. Lucky for you, there's a school you can attend. This weekend in Seattle, Washington Cannabis Institute president George Boyadjian is leading a seminar so people can learn about how to get started.

"I contacted CPAs, accountants, insurance agents, some bankers and everyone was willing to come over to the seminar and share their expertise with people about this business. What they're going to need, rules they have to follow, how to pay taxes and those types of things."

George has been leading medical marijuana business classes for the past four years in California, Arizona and Nevada, but I-502 will be a whole other ballgame. Partly because the laws haven't been established yet. The Liquor Control Board has until December to establish them, but a few representatives will be at this weekend's seminar to answer questions.

David Kerr is a Seattle attorney who works with George, "You can't tell them specifically what the rules will be around the I-502 cannabis business. But you can give people some general ideas about what they need to prepare. We know what the basic requirements for a license will be. We know how you need to set up and structure a business so you can be prepared for that. We can help and advise people about forming business plans in relative to starting an I-502 cannabis business."

Attendees also learn about growing techniques, cooking with marijuana, and go home with a roster full of contacts.

David says the Liquor Control Board is hoping to get the laws ironed out before December.

"They've just announced that they've hired their new cannabis consultant," said David. "Having someone with some level of expertise will be helpful for the Liquor Control Board. If they could meet their timelines, they would like to start issuing producer licenses, people who would grow marijuana, as early as August of this year. Anticipating that they would then have a supply of marijuana available so that the processors and retailers could hopefully be licensed and be ready to move into the market by the end of the year."

George says the law won't allow one business to both grow and sell the pot, you can only do one. There are lots of complicated things to figure out.

"Right now, for example, businesses in the marijuana business can't open up a bank account," Davis shared. "How are you going to set up a $2 billion market, that's going to pay hundreds of millions of dollars in taxes, when the businesses have trouble opening a bank account? We have to overcome that hurdle."

George says his seminars are full of serious entrepreneurs, many who own businesses in other industries, who are excited to get involved in something brand new.

"To get into the marijuana business, you're going to have to approach it just as if you were starting any business," said David. "And you're going to have to have a business plan, a finance plan and some capital in order to do it. This isn't going to be something that people just walk into the next day."

The seminar costs $300, an amazing deal considering all the legal advice, and it's Saturday and Sunday.

"From 10 a.m. to 4:20 p.m.," says George.

Of course it ends at 4:20.

George is a contractor who got into the medical marijuana industry when his business collapsed in 2008. He says his goal is to help people succeed, without breaking any laws.

"People coming to the seminar, one of the first thing I tell people is this is not a way for you to make your illegal business legal," George said. "This isn't a way for you to use the law to break the law. This is incentive for people who want to follow the rule book, who want to be model citizens. Be the people who are the leaders of this industry, be the face of this."

Find more information on George's seminar here.

Rachel Belle, Ron and Don Show Reporter
Rachel Belle is a feature contributor and personality on The Ron & Don Show on KIRO Radio (weekdays 3-7pm), and host of Ring My Belle Weekends (Saturdays at 5pm and Sundays at 3pm).

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Comments (15)


  • Add A Comment

  • BeenThere wrote...
    Pay $300.00 to be told 6 hours later...
    You still can't do it, legally. What a racket.
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • cdbtx wrote...
    And then
    you setup your growing business, the DEA comes in confiscates all your personal property/assets, fines you $250K, sends you to prison for 5 years... who's in line to be sued? The State, George Boyadjian, Mynorthwest.com since they all attempt to promote that it's legal.
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • BeenThere wrote...
    cdbtx....
    Details.
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • DonVigo wrote...
    Or;
    None of your parinoid delusions ring true and we model a lucrative tax income for the rest of the states to follow and hopefully garner the support to overturn the current federal laws.

    We'll know around January of next year, either way.

    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • DesertRez wrote...
    Don
    Read about all of the dispensaries that have already been raided in Spokane, CA, etc. It is not safe for a legitimate business person to attempt to open a retail store.
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • LibertyOrDeath-MolonLabe wrote...
    It is legal in Washington State and Colorado...
    The 10th Amendment, look it up. Learn it, know it, love it...it's your friend. Just because the Federal Government creates "laws" doesn't mean that it has been given the power to do so, and unjust/unconstitutional laws need to be nullified. Otherwise why even have a Constitution? It is supposed to be, among other things, a check on a run-away, overgrown, over-reaching and power hungry Federal Government. Remember, at one time the Federal Government said that Slavery was A-OK. That doesn't mean that it was or is right?
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • hatecyberspace wrote...
    Scourge then, Taxable now!
    Isn't it amazing how something once known as a scourge is now taxable! It is truly amazing.....................
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • JetCityOrange wrote...
    MMJ is already *in* Seattle
    Some have already figured out the Business of Cannabis. The new state stores are going to upset the apple cart like never before. And without precedent to guide us, it will be chaotic, guaranteed. That said, I believe some of the existing MMJ dispensaries will disappear with customers migrating to state stores. Others will survive because they will be patient-centric and evolve into apothecaries not package stores. My 2 cents worth... http://m.JetCityOrange.com/mmj/
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • Kosh wrote...
    Never Gonna Happen
    And here's why, The Fed is NOT getting there 50% of the share. Right off the bat in the first year its already taxed at 75% of street value. Its just a big pipe dream and I look foreword to the Feds raiding shops and locking people up in Federal prison.
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • Pressman wrote...
    Kosh-
    anti-freedom, pro spending tax dollars to lock up adults practicing being a free adult in America...
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • LibertyOrDeath-MolonLabe wrote...
    I don't think that Kosh is saying that he's against
    cannabis being legal. At least I don't think so. I believe he is saying that the Federal Government is going to do everything they can to uphold their monopoly on importing drugs and using their banks to wash the money. Don't forget all those hundreds of billions of dollars wasted on DEA agents, militarizing the police, locking up non violent people and the list goes on and on. I tend to agree with him, the Federal Crime Lords don't want to give up any power what so ever. What's throwing one more thing on the list? Why listen to the people that they are supposed to be governing? Factions in the Federal Government are pushing America ever closer to Civil War as it is. Arming to the teeth for something, and I don't think it's North Korea invading. Thousands of armored trucks for Homeland Security that are more well armored than what they are using in Afghanistan, a whole ton of bullets, Fast and Furious, pushing draconian gun legislation...why would they care about stomping down a few more Rights that the people clearly want?
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • Lacey loves liberty wrote...
    There are so many interesting facets to cannabis/ marijuana/ hemp...
    One being states’ rights and the 10th amendment!! :)
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • BeenThere wrote...
    Lll...As well as
    Public safety.
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • Rangerhawk wrote...
    Find out how I made millions with legalized pot in WA
    Attend my $300 seminar to find out if you are as think as I stoned you are.
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • { "Thumbs Up":"1","Thumbs Down":"-1" }