U.S. CANNABIS MARKET
U.S. CANNABIS MARKETS
The United States cannabis industry is growing rapidly on a state by state basis, creating greater opportunities to start a business within the space. As of April 2020, 11 states and Washington D.C. have adult-use marijuana programs, with medical marijuana programs existing in 33 states and Puerto Rico, as well as a strong push for legalization efforts in Arizona, New York, New Jersey, and New Mexico. Predicted to generate $23 billion in sales by 2025, the US cannabis markets continue to offer significant returns for those well positioned to take advantage of this moment
Point7 is able to take the guesswork out of crafting your team’s application with a deep understanding of the varying compliance standards and complex legal requirements within each state and jurisdiction. Our team of experts has proven success working in competitive markets such as Ohio, Pennsylvania, California, Michigan and Missouri, always remaining diligent to explore new ventures in the regulated marketplace to assist our clients in winning merit based cannabis licenses within every facet of operations from seed to sale, and beyond.