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If Colorado’s Stakeholder approach highlights one thing, it is that you need to understand how your business functions in order to identify what actions are or may be subject to some form of regulation. By understanding your business processes (the real world activities), you will be able to identify current regulations and how they impact your actions as well as anticipating future regulatory actions that you want to be aware of while they are being considered rather than after they have been put into effect.

If Colorado’s Stakeholder approach highlights one thing, it is that you need to understand how your business functions in order to identify what actions are or may be subject to some form of regulation. By understanding your business processes (the real world activities), you will be able to identify current regulations and how they impact your actions as well as anticipating future regulatory actions that you want to be aware of while they are being considered rather than after they have been put into effect.

Startups are 90% execution and 10% idea. You just read that but you don't believe it. No one does. They delude themselves into thinking it's all about the idea. Work is work, everyone does it so the real differentiation is the idea. Bullshit. Was Google some amazing idea? Not really, they copied from people before them, tweaked an algorithm, and built the fastest search engine on the Net. Why did they win? They executed on the one thing users really wanted, speed. (And they still lag behind on algorithms: Google versus Wolfram Alpha.)

Ten teams took the giant leap on February 29, 2016. Each of them is looking to build the next great American company in America's fastest growing industry. Checkout the action from the first day.

This paper is primarily focused state regulatory processes; with Colorado as a micro-environment we can study. There are significant aspects of business, not just cannabis businesses - that are subject to regulatory control from Federal, state and local governments. It is important to note that regulations do not exist in a vacuum, behind any set of regulations is a government agency and the bureaucrats who implement the rules!

Continued from last week: Beware the Regulators...Not the Sheriff