Updated: Upcoming States with Cannabis Business Opportunities

Known for new beginnings, August has historically been the month we transition from summer to fall at month’s end. As many of you know, CB Advisors was launched during the pandemic, in fact, our official launch date was March 16, 2020. Since then, many businesses have had to change budgets, marketing plans, service offerings, policies, procedures, and unfortunately, some had to close their doors indefinitely, in order to safely navigate through these unforeseen circumstances. It’s safe to say the world was not prepared for this pandemic, the good news is, as entrepreneurs, leaders, and trendsetters, we have pivoted and are hopeful for a new and positive beginning.

To that end, while many cannabis initiatives have fallen off the ballot, we have outlined States that will be actively pursuing New Beginnings through program expansion.

Immediate Opportunities: States Currently Accepting Applications For Marijuana Business Licenses

• New Mexico– OPEN Processor Licensing Opportunity
• Utah – OPEN Processor Licensing Opportunity
• Montana – Ongoing, no deadline
• Oklahoma – Ongoing, no deadline
• California – Differs per local municipality
• Massachusetts – Differs per local municipality
• Michigan – Differs per local municipality
• Maine – Differs per local municipality

Opportunities for 2021: Start Preparing Now

• Rhode Island – Just In: Now accepting applications for 6 New Medical Marijuana Dispensaries 
• Arizona – Prop 207 will appear on November 2020 ballot
• Georgia – Georgia to begin accepting applications for medical cannabis business licensing in 2021
• Mississippi – Pending Ballot initiative in November 2020
• Nebraska – Pending the passing of legislation
• New Jersey – Adult Use/Recreational is pending Ballot in November 2020
• South Dakota – Pending Ballot initiative in November 2020

Interested in applying for a cannabis business license? Schedule a complimentary 20-min consult with our leading industry expert.