With 2020 being a ballot year and legislative sessions underway, states look to legalize medical and/or recreational cannabis. With cannabis legalization, comes the opportunity to open a cannabis business as most states will establish a legal dispensing system for cannabis access within the state. Learn more about the seventeen (17) states with opportunities to open cannabis businesses to cultivate, manufacture, transport and sell cannabis.
1. Know Your State Each state and local municipality have their own idiosyncrasies, understanding them is probably one of the most, if not THE most, important element to the success of your application/licensing. Below are some tips/considerations when thinking of applying for a cannabis business license:
The state of Illinois legalized both adult-use and medical cannabis. Persons 21 years and older may purchase and possess cannabis, while registered patients have access to medical cannabis. Access to cannabis is through state licensed businesses that are allowed to grow, manufacture and sell cannabis. According to Marijuana Business Daily’s 2019 Marijuana Business Factbook, Illinois’ estimated sales for 2019 is $220 – 270 million and over $2 billion when the market matures.
Women’s History Month is an annual declared month that highlights the contributions of women to events in history and present-day society. In light of Women’s History Month, we are honoring the women of CannaBoss Advisors by celebrating their successes. Learn more about the women leading businesses within the ever-evolving cannabis industry.