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.
As a consultant in the cannabis space, I often times get the same questions from people: Is my state legal? Can I apply for a dispensary? Can I purchase cannabis? What is the difference between recreational and medical cannabis? If there is a recreational program, why does a state still need their medical cannabis program? Well, I’ve put a list of main differences between a recreational vs. medical cannabis program and why we need both.