420 laws in Colorado

There are a lot of ways to do this properly. Your first step would be to consult a business attorney in your area that handles starting up new businesses. The attorney can help you decide what type of business entity is property for you (Corporation, LLC, etc.). Once this is done, the attorney can file the appropriate paperwork and help you secure the appropriate licenses (if there are any) in dealing with opening a lounge. There are many business attorneys on that offer free consultations. I suggest reaching out and talking to an attorney. Best of luck.

Your question relates to formation of a business so I have re-categorized. Good luck.

Hire a business attorney with expertise on the MMJ laws. The first step is to structure the business entity and have appropriate contracts including a lease (which must be very clear on your rights to do this so the use language must be clear and there should nothing that allows termination for violation of federal law as it relates to MMJ). The issue of a lounge is very particular since the law does not allow public use so the structure of your plans must be done perfectly in conjunction with a rock solid lease that allows this use. Our firm and others have knowledge in this area so start contacting business attorneys to get an idea of the process and the costs.