Your Cannabis Business Structure or Transaction: Planning > Doing

Main Hemp Patriot
2 Min Read

“An hour of planning can save ten hours of doing.” Apparently, Dale Carnegie said that. Mr. Carnegie was a 20th century influencer, who, as far as I can tell, never sold any weed. He did make a pile of money selling books and talks on how to be confident, charming, etc. That’s not my cup of tea (the “telling people” part), but I do like his quote. I would add that, as applied to legal matters, an hour of planning can save ten hours of doing, as well as undoing. Sometimes, it’s more than ten hours too.

For the past decade, I’ve taken several calls a week from individuals making a play in the cannabis industry. Some of these callers haven’t yet taken any formal steps; others are partway down the road, amid some episode with legal atmospherics; and a third group is similar to the second group, but dealing with self-inflicted wounds. We’re talking about the third group today.

In many cases, the third group is suffering because they failed to map out a course of action prior to someone doing something “material,” to use a lawyerly term. Or they mapped out a course of action without good advice.

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