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.
New Jersey’s medical marijuana industry posted a banner year in 2016, with patient counts ballooning 76% and sales volume doubling thanks to a series of small changes to the state’s MMJ program and the opening of two new dispensaries.
Fighting a slow-moving bureaucracy, the overwhelming majority of companies seeking recreational marijuana business licenses in Portland, Oregon, are stuck in various stages of the city’s application process.
It’s a frustrating and potentially disastrous scenario for many entrepreneurs hoping to enter the state’s largest cannabis market.
Washington state cannabis stores continue to face pricing pressures long after the introduction of a new tax structure sent markups plunging, reflecting an increasingly competitive business environment.