(This is an abridged version of a story that seems in the March challenge of  Marijuana Organization Magazine.)

Marijuana executives in Colorado – each plant-touching and ancillary – have discovered sufficient about undertaking business enterprise in a new adult-use cannabis market place more than the previous 5 years to create textbooks on the subject.

The Centennial State created history when it launched the world’s very first adult-use marijuana market place Jan. 1, 2014.

Along the way, Colorado’s cannabis trailblazers have encountered additional than their share of increasing pains – lessons that can be applied to other emerging recreational markets.

Marijuana Organization Magazine polled more than a dozen marijuana providers in Colorado to obtain insights into their 5-year education.

“What we have seasoned in Colorado holds correct in other states as effectively,” stated Diane Czarkowski, founding companion at Canna Advisors, a cannabis consultancy in Boulder.

“As a single of the very first firms to open in a new market place, you have to accept your duty to be involved in the improvement of the market.”

Right here are 4 useful lessons that can advantage entrepreneurs looking for to commence a marijuana business in a new adult-use market place.

Categories: Colorado Healthcare Cannabis Organization & Marijuana Legal News, Featured, United States