Since Cannabis Business Times published the 2021 “Cultivation Startup & Expansion Guide,” the ever-evolving cannabis landscape has already changed drastically. Seven states (Alabama, Connecticut, Mississippi, New Mexico, New York, Rhode Island and Virginia) have either launched cannabis programs in their states or expanded from medical into adult use in that time.
While some of these states are still working out their business licensing process (such as Connecticut), others are just starting to open up applications (such as Alabama), making it prime time for operators to either expand their cannabis businesses or start new ones.
This guide exists to help both industry newcomers and veterans launch or expand their businesses in these new markets, as well as markets that may advance cannabis legislation in the future. The 2022 “Cultivation Startup & Expansion Guide” covers what operators need to know when entering a new industry or market, including: Creating a winning license application, protecting your ownership stake, challenges that come with launching or expanding a cultivation business, and tips for doing so with minimal hiccups.
With the tips in this guide, you can give your business launch or expansion the best chance at success in this complex, yet rewarding, industry.
With the tips in this guide, you can give your business the best chance at success in this complex, yet rewarding, industry. Visit cannabisbusinesstimes.com for much more on launching, expanding, and managing day-to-day cultivation operations.
- Theresa Bennett, editor
