(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.
“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.