Cannabis Law Update: Local Regulatory Environment Determines Business Location
U.S. retail cannabis sales reached $6.5 billion in 2016, 35% more than 2015, and are estimated to increase to $7.7 billion in 2017. With California expected to account for 40% of the market, all sectors of the burgeoning cannabis industry are rushing to launch and expand business operations. While the market potential is statewide, deciding where to locate a cannabis business is a localized question.
To help established and entrepreneurial cannabis businesses proceed effectively and efficiently, Meyers Nave attorneys Richard Pio Roda and Katherine Cook authored an article in MG magazine that addresses six key steps when examining where to locate and grow a cannabis business. Their article, “Think Locally: Working with local government agencies is critical to the success of your cannabis business,” also helps regulatory entities understand the factors that cannabis business owners consider when evaluating the opportunities and challenges of locating their business in a particular jurisdiction.
Please click here to read Richard and Katherine’s article.