Emerging industries are experiencing rapid growth. The medical marijuana industry, in particular, is booming, as researchers are discovering new uses for medical cannabis nearly every day. However, medical marijuana, like all new industries, is subject to laws and regulations that can change quickly. This is due to a patchwork of different laws across the country. Changes in local regulations can require business policy or procedure adjustment, likely slowing or even stopping production for some time. Failure to keep up to date on the laws and regulations often leads to profit losses in a fast-growing market.
