The use of cannabis has been on the rise for decades. It’s estimated that more than 1 billion people around the world consume cannabis annually. With this increase in the use of cannabis, comes a rise in CBD stores opening up across North America. But before you open up your own CBD store, it’s important to know the necessary steps and regulations to make sure you are legally compliant. Below are some points to consider before opening up your CBD shop:
1. The government will require you to have a license to distribute cannabis products
2. You will need to purchase an annual business license
3. You will need to register your company with Canada’s Marijuana for Medical Purposes Regulations MMPR
4. You will need to show that you have enough funds in your bank account 5. You will need a separate location for where your product will be produced 6. And finally, you’ll need a separate location where customers can purchase your products. These are just some things that you should do.
The Government Will Require You to Have a License to Distribute Cannabis Products
The government will require you to have a license to distribute cannabis products. Anyone who plans to sell cannabis in Canada must be approved under the Cannabis Regulations.
You, Will, Need to Purchase an Annual Business License
The first step to opening up a CBD store is registering your company with the MMPR. The MMPR will require you to submit an application, including information about your business’s location, the type of cannabis products you will be selling, and how much money you have in your bank account.
You will also need to purchase an annual business license. This is necessary for all businesses operating in Canada. The cost of this license varies depending on which province you are working in, but it’s estimated that the average fee is around $500 CAD.
You will need to Register Your Company with Canada’s Marijuana for Medical Purposes Regulations (MMPR)
As a business owner looking to open a cannabis dispensary, it is important to know the regulations and requirements you’ll need to know before opening.
The first of these regulations is that you will need to register your company with Canada’s Marijuana for Medical Purposes Regulations (MMPR). This regulation has been enacted by the government in order to regulate all aspects of medical marijuana production, sale, and use.
In order for your store to be recognized as a legitimate distributor of medical marijuana, you will need to register with MMPR. Before registering though, there are some other things that you’ll need to do first.
You will Need to Show that You have Enough Funds in your Bank Account
It’s important to know that you will need to show the government that you have enough funds in your bank account.
The note mentioned above is important because it can be difficult for some people to get a loan, and without one, they’ll often face difficulties in starting up their own company.
If you’re interested in opening up a CBD shop, but don’t have the funds to do so, there are ways around this. One of which is by providing security or collateral. You can use any type of property or equipment as collateral for an application.
You, Will, Need a Separate Location for Where your Product is Produced
In order to be a cannabis distributor, you will need to have a separate location where your products are produced.
The Canadian government has strict regulations for cannabis products and they do not allow any production or storage of cannabis in public places.
This means that the only place you can produce your products is at a private residence. Alternatively, you could create an application with the government and find a commercial building that complies with all of the regulations and allows cannabis products to be produced on-site.
If you’re struggling to find a building that will allow cannabis production, there are methods of getting around this by creating an application and finding out if your request would be viable.
This Could be at the Same Location as where Customers Purchase Your Products
There are a number of factors you’ll need to take into consideration when choosing the location for your business.
One factor that can be an important part of your decision is whether or not you want customers to be able to purchase cannabis products from the same location where they will be produced. This could work out in some cases, but it’s important to note that you will still have to abide by all the regulations and limitations when it comes to production and distribution.
For example, if your business is a cannabis dispensary, then cannabis products must be kept away from where customers pay. You must also make sure there is a separate area designated for the production and distribution of marijuana products.
So before you start looking for a CBD store location, consider what type of business you’re opening up and how that impacts your options.
You, Will, Need a Separate Location for Where Customers can Purchase Your Products
If you are opening up a CBD Shop, you will have two locations. One location will be where your products are produced. And the other location will be where the customers can come in and purchase your products.
It’s important to put these two locations at an appropriate distance from each other. It is illegal to sell cannabis within 100 meters of a school. Or any place that children may gather such as parks or playgrounds. You also need to make sure that there is a clear distinction between your production site and your retail site so that customers don’t mistakenly go into the wrong location.
The 100-meter rule doesn’t only apply to school.: it applies to any place that could be frequented by children. This could even mean restrictions on where. You can sell your products if they’re marketed towards children such as candy or toys.
This Could Be at the Same Location as where your Product.
It’s important to understand that as a cannabis seller, you’ll need to have a separate location for production and sale. In some cases, this could be the same location. However, if your products are sold in a retail store, they can’t be within 200 meters of a school.
In these instances, you would need to have two different locations: one for production and one for sales.
If you’re looking to open up a CBD shop where all of your production will happen at one location. Make sure that your production site is not within 200 meters of a school or place of worship.
For more information on what is required before opening up a CBD Shop in Canada, click here
