Cultivating Success: Grow & Diversify the Cannabis Industry

In this episode of In the Weeds, LPN host Kevin Rosenquist and attorney Elisa Stewart discuss the current cannabis market and the complexities of starting and expanding a cannabis business. They cover the ripe opportunities across multiple states, the evolving regulatory landscape, and the challenges of accessing capital. Elisa highlights the importance of understanding local regulations, financial management, and the potential hurdles cannabis businesses face when scaling operations. The conversation emphasizes the necessity of having experienced legal support in navigating this rapidly changing industry.

Timestamps

[00:00:06 - 00:01:11] Current state of the cannabis market

[00:01:11 - 00:01:35] Terminology: Adult use vs. recreational

[00:01:35 - 00:02:50] Overview of the regulatory landscape

[00:02:50 - 00:03:45] Federal legalization and its implications

[00:03:45 - 00:05:04] Key challenges for cannabis businesses

[00:05:04 - 00:06:16] Credit card use in cannabis transactions

[00:06:16 - 00:07:55] Impact of local and federal laws on expansion

[00:07:55 - 00:09:32] Legal implications of investing in cannabis

[00:09:32 - 00:10:37] Indicators for scaling a cannabis business

[00:10:37 - 00:12:28]: Steps for approaching expansion

[00:12:28 - 00:14:21] Challenges in scaling and planning

[00:14:21 - 00:16:17] Transitioning from legacy growers to legal businesses

[00:16:17 - 00:17:38] Benefits of having a cannabis law attorney

 

About The Show

In the Weeds is a podcast hosted by attorney Elisa Stewart, focusing on the evolving landscape of the cannabis industry. Each episode delves into key topics such as regulatory challenges, market opportunities, and the intricacies of starting and scaling cannabis businesses. With expert insights and practical advice, Elisa helps listeners navigate the complexities of this rapidly changing field, making it essential for entrepreneurs and investors looking to thrive in the cannabis market.