When California voters legalized both medicinal and recreational marijuana, they gave marijuana businesses all over the state new opportunities for increased profits. This decision has given voters and the state the opportunity to uncover the medical uses of marijuana, increase the amount of research, and remove the stereotypes associated with marijuana use. The market and demand for marijuana will increase rapidly; it’s estimated that the industry could be worth more than $20 billion in California alone by 2020!
This opportunity leaves much room for growth, success, and profits. As vast as the opportunities are, though, so is the uncertainty around how the marijuana industry will be regulated. The medicinal laws will begin to roll out in 2018, with recreational laws following shortly after. There’s no telling the specifics these laws will entail, so you need to have someone on your team who can understand and anticipate the laws, and keep you successfully growing marijuana as the regulations evolve.
Capturing the Growing Opportunity
While opportunities are plentiful, the licenses available to growers will be limited, so cultivator businesses need to act fast and follow the state’s regulations. Marijuana ordinances currently vary city to city, and although the marijuana growing laws in California have yet to be set, it’s clear that in the next three to five years, the safe, smart, legal businesses are going to prosper.
If you already own and operate a marijuana growing business, it’s essential you get the proper local permits and get legal now in order to maintain your position in the industry. There are very specific license types for growers, so it’s essential that your business is set up to meet the marijuana growing laws in California as they begin to roll out. The beautiful thing about California’s new regulations is that they’ll give the cultivation businesses that are established and licensed a leg up in the industry.
The opportunity to grow is only as good as your ability to understand California marijuana growing laws.
If you want to be successful and profitable in the marijuana industry, you need an advocate who will not only make sure you’re in compliance with every rule and regulation in your region, but who will help you obtain the right growing licenses and permits, and answer all your questions along the way. There are still a lot of unknowns about how the industry will be regulated, but we do know that the marijuana growing laws California will be enacting are going to reward the companies that are legally established and in compliance with all rules and regulations. The businesses that do it right will make the most of the opportunity and see success and profits; in order to do it the right, you need us.
Fickel & Davis will help you keep your cultivating business running smoothly, so you can focus on what you want to do: grow marijuana and reap the profits. If you want to be able to expand with the industry, you need to have all your permits and licenses in place now.
You’ve got to act quickly, and you’ve got to have an advocate like Fickel & Davis on your side. We have a vision for the future and want to see you succeed in this exciting and developing industry. Reach out to us and find out more about how our marijuana law services can work with your cultivation business.