It’s here, the next boon economy for the United States – cannabis. Whether it’s for medical, nutritional, recreational, agricultural or industrial purposes, cannabis is being legalized rapidly in the United States and across the globe. The first domino has fallen, and now everyone is rushing to participate in, or stop, the next inevitable chain of events: the emergence of an industry that has been prohibited for almost 80 years. I am going to assume the inevitable. The inevitable will be achieved by successful cannabis businesses ran by entrepreneurs that have critical skill-sets and traits to take businesses, and the industry, to the next level.
Still in its infancy, the cannabis industry is experiencing its next stage of growth. It is a startup industry and comes with a unique set of issues because it is emerging from the black market. Like all startups, of which nearly 90% fail, cannabis businesses face tremendous hurdles that no other industry struggles with. Issues like the lack of access to banking and loans, the inability to write off expenses involved in the sale of cannabis and the hesitation of many investors, are keeping cannabis businesses from realizing their full potential. Then there are the…
Source: Larisa Bolivar at TCMS Global
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