PAVING THE PATH TO LEGITIMACY
This white paper serves as a comprehensive guide for legacy cannabis businesses in New York State looking to transition into the legal, regulated market. It discusses the benefits of making the shift, such as legal protection and market expansion, and presents a step-by-step strategy for the transition process. The paper also provides insight into understanding regulatory bodies, preparing a business for transition, creating a robust business plan, navigating licensing procedures, customer engagement strategies, financial options, and the importance of professional collaborations. Finally, the paper highlights the services of 518Cannabis, a specialized cannabis consulting agency, and introduces the upcoming Cannabis Incubator in Gloversville, NY, as essential resources for operators in this transitional phase.