Do You Know What It Takes to Run a Cannabis Business? Infographic via BusnessStudent.com!

Cannabis is legal in California and many other states. Some states allow for recreational purchases, others allow only for medicinal. Either way, the client/patient needs a place to buy the cannabis product. The issue surrounding where to find a place to purchase cannabis is all about the logistics of finding a storefront, licensing from cities or counties and also the ability to be able to handle banking. Businessstudent.com is our guest author for today on this topic which includes information and also an infographic.

 

 

 Do You Know What It Takes to Run a Cannabis Business?

Infographic  and Report

by BusinessStudent.com 

Now that marijuana for medical or recreational use is legal in 29 states – or more than half of the country – should investors and entrepreneurs invest in or launch a Cannabis business?
On one hand, it is a burgeoning industry that is hard to resist from a purely financial standpoint. The industry is expected to increase to $24 billion industry by 2025 and if the trend continues, the growth potential is unlimited. The business of Cannabis is now being embraced by some of the finest educational institutions. The University of Cambridge, one of the most prestigious business schools in the world, is teaching the first-ever “Seed to Sale” Cannabis Case Study.

But at the same time, there are different laws in different states and depending on what local and federal governments do, the Cannabis industry could change on a dime. Moreover, the competition is fierce with entrepreneurs and investors getting involved every day. It is “high” risk and “high” reward, but before launching a Cannabis business, it is important to know the latest trends and facts.

The team at BusinessStudent.com released: The Unique Challenges of The Cannabis Business — Report and Infographic.

Here are a few facts about the opportunities and challenges:

Opportunities include:

State tax revenue combined expected to total $2.3 billion by 2020
97% of recreational stores and 94% of medical stores make a profit or break even.
Women executives in the industry is 27%; 4% higher than the national average
Denver boasts twice as many cannabis dispensaries as it does Starbucks.

Risks include:

In 2017, only 368 of 12,000 financial institutions in the U.S. served cannabis businesses.
On Jan. 4, 2018, Attorney General Jeff Sessions rescinded Obama-era memos that assured cannabis businesses they would not be subject to federal prosecution as long as they followed their state’s laws.

 

 

cannabis-business-map

If you want more information, you can find it HERE: https://www.businessstudent.com/topics/business-of-cannabis

Thanks to BusinessStudent.com for providing all this very relevant information.

Stevie Wilson,
LA-Story.com

 

 

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Author: Stevie Wilson

Digital and social media pioneer and visionary meets disruptive innovator with a passion for topics and conversations that reveal insight into the So. California lifestyle. LA-Story.com appeals to a global audience (from Asia to Africa; Middle East to Europe, No. America to Latin America) in variety of topics and sectors: style (beauty and fashion), health & fitness, entertainment (movies, TV, books, music and more) ; food, beverages & spirits; IT Security + tech , travel, special events (red carpet to green carpet) I am known for interviews ( podcasts , textual and video conversations) with notables, celebrities and companies about interesting products & brands; profiles about places that reflect the So. CA vision and special events (Oscars, Golden Globes, Emmys & other events that illustrate celebrity , athletes and home-town "stars" lifestyle and initiatives.) that illuminate the insider's perspective of So. California's lifestyle . Learn what's hot in Los Angeles, NYC, MIami and stops closer to home that make this blog a must-read because the voice, attitude, authenticity and ability to grasp the essence of most sectors, brands & products make it easy for consumers to earn what makes a brand, initiative or product unique - whether, food, fashion or finance (or any other topic "on the table") With 15+ Years online launching websites, online magazines, forums, products & brands, my voice, authenticity and ability to grasp the essence of most sectors, brands & products make it easy for me to share what the online audience and consumers alike want to learn- how to shop, live and reflect the lifestyle they wish to emulate. Need to leverage digital and social media space? Reach out to me!

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