Typical startup costs for wholesale cannabis cultivation businesses launched in the last three years amount to $42 per square foot, according to data in the newly released Marijuana Business Factbook 2017.
Facing a cloud of uncertainty under the new Trump administration, more than 3,000 cannabis entrepreneurs, investors and executives are descending on the nation’s capital this week for the third annual spring Marijuana Business Conference & Expo.
Washington DC’s medical cannabis market is one of the smallest in the nation, but the program is adding patients at a healthy clip – and new business-friendly regulations as well as increased public outreach could push the numbers much higher.
The number of medical marijuana dispensaries and registered patients in Oregon is plunging now that the state’s recreational cannabis industry is fully operational, casting a cloud of uncertainty over the MMJ program’s future.
Just months after voters approved a state ballot initiative to revive Montana’s medical marijuana industry, patients are returning to the program by the thousands – breathing new life into dispensaries across the state.
Hawaii’s medical marijuana businesses have good reason to be bullish with the approaching launch of the state’s MMJ industry: Patient counts are rising, while the number of registered caregivers growing medical cannabis for people is dwindling.
Get ready for the next iteration of the green rush.
The marijuana industry is poised to grow by leaps and bounds in 2018, when at least eight of the 11 states that passed significant medical or recreational cannabis measures last year are expected to start sales.
Still reeling from a sluggish start statewide, Massachusetts’ medical marijuana program also is hindered by local-level licensing bottlenecks that have allowed just a handful of dispensaries to open to serve nearly 35,000 MMJ patients throughout the state.