Date of Last Update: March 12, 2021
As you can see, there are abundant opportunities on the horizon, and if you're interested in entering any of these emerging markets, it's now time to get started! The best advice we can give you as a cannabis entrepreneur is to start early and do extensive research. It can take anywhere from four to eight months to develop a robust license application. Start by reviewing all laws, regulations, and proposed rules for the market you are interested in because this will determine what types of businesses are possible and what requirements you have to meet to successfully secure, license, and operate. Additionally, you can start to identify compliant real estate to meet the needs of your operation. Real estate can often be the bottleneck that limits the number of licenses available. By identifying potential properties and contacting property owners while draft rules are being finalized, you can give your business a massive advantage over other competitors. If you would like to establish a business in any of these markets, we're here to help. Schedule an exploratory call today.
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