In last year’s “Cultivation Startup & Expansion Guide,” Cannabis Business Times editors noted how very different the cannabis landscape could be after the November 2020 Election. Five states (Mississippi, South Dakota, Arizona, Montana, and New Jersey) voted on cannabis ballot measures and all saw voters approve access to cannabis.
While there has been some pushback from state lawmakers in Mississippi, Montana and South Dakota, consumers in Arizona already have started purchasing legal cannabis products, and the other states are in the early stages of creating regulations. What this means for cannabis business startups and existing firms looking to expand in those jurisdictions is simple: Now is the time to prepare to launch or expand.
This guide exists to help both industry newcomers and veterans alike launch their businesses in these new markets, as well as those yet to advance cannabis legislation but may do so in the future. The 2021 “Cultivation Startup & Expansion Guide” covers the pressing challenges businesses face when entering a new industry or market. These include: Evaluating the potential of new markets, winning over investors, building your cultivation team, what goes into a successful grow operation and security.
By leveraging the tips in this guide, you can get your startup or expansion plans underway on the right foot.
