Monday, January 4, 2010

Medical Marijuana Cooperatives

California Law allows for Medical Marijuana patients to associate in order collectively or cooperatively to cultivate marijuana for medical purposes.

Cooperatives created by statute must file articles of incorporation with the state and conduct its business for the mutual benefit of its members. No business may be called a cooperative unless it is properly organized and registered as a corporation.

These cooperative corporations are not organized to make a profit for themselves or for any particular member.

The funds must be used for the welfare of its members, or distributed to the members in the forms of cash, credits, or services.

And don't forget the goal is to operate without law enforcement targeting your cooperative or its members. There is no short cut to forming a cooperative or collective, so do your homework.