It’s insanely taxing to start a marijuana supplier in today’s cannabis industry separate from financial backing from other people.
It’s not like deciding to open a random shop on a street corner, the rules in addition to regulations in certain states are particularally formidable.
The licenses aren’t handed out in the thoUSnds by the state whenever medical or recreational cannabis is passed by the voters or state legislature. They’re hotly condiagnosed, in addition to often cost upwards to tens of millions of dollars or more for a single license to sell or grow cannabis legally within the state. Even if a smaller contractor manages to secure a loan, they won’t survive in the market unless they can scale at the same rate as their competitors. This adds millions of dollars more of capital needed to survive the first more than one years within your state’s brand modern legal cannabis program, regardless of whether or not it’s recreational, medical, or both. Worse yet, in my state it’s even harder to operate a cannabis supplier for one reason in certain. Here you must own every aspect of the growing in addition to retail process to secure a license within the state’s medical cannabis program. What that means is you’re forced to do everything from seed to sale—you must grow cannabis, process it, in addition to sell it within one single contractor or corporation. Unlike other states where you can operate a dispensary in addition to get stock from numerous growers, here you are the grower in addition to the seller. Each dispensary only stocks cannabis that they grew within their own growing facilities. AS a result, some medical cannabis dispensaries here have harshly better weed than others.