According to industry analysts, it is estimated that by the end of 2024, the CBD industry in the US will hit more than $20 billion in sales. The CBD industry has seen a massive annual growth and due to its popularity and demand, it is continuing to grow at a rate of 49% every year.
The society we live in today is opening up to CBD, hemp and cannabis and this acceptance has really made a difference in the lives of people who rely on such products for pain relief and also on the industry. Today, many people are turning to hemp and CBD products not only for pain relief, but also for better sleep, anxiety management, etc. Since these products are being widely used in the country and more and more states have begun to legalize it for both medicinal and recreational purposes, it is now possible to submit your application for a cannabis dispensary permit and set up a legal cannabis business.
There is a lot of scope for the cannabis industry and it is not surprising at all to see so many businesses and individuals looking for ways to become a part of the industry. This year itself has seen a lot of progress, with new trends emerging to support these business and their patients.
Year 2020 has seen more CBD shops setting up, more dispensaries being established as well as access to CBD products through e-commerce and online stores. So if you haven’t applied for a cannabis dispensary permit yet, this is your time to submit an application. With new businesses being set up and new products being launched every now and then, there is great opportunity for you to become a part of the industry.
Want To Start A Legal Cannabis Business?
* Cultivating | Processing | Packaging | Transporting | Dispensary*
If you would like to start a cannabis cultivation, Distributions, Manufacturing, Extraction, Dispensary, Delivery Service, and/or CBD business, our courses are for you.
Learn from expert lawyers and cannabis industry professionals that help people start cannabis businesses everyday in California.
You will learn about your local laws, rules, restrictions and best possible business entities that are legally viable in your area. Our faculty attorney is on hand to discuss any legal question you may have regarding the formation of your new medical marijuana club, co-op farm, collective or dispensary!
Once business is aside – You will learn about the cultivation of medical quality cannabis,processing, and distribution from experienced farmers. They will teach you about handling, storage, weights & measures, and you’ll learn about medical marijuana business in California! DETAILS HERE