The California marijuana market is primed to take off over the next couple of years and become a major business. The first step to this process will begin with the attempt to get recreational marijuana legalized. California is one of the largest marijuana market places in the world right now with its medical marijuana dispensaries. Once recreational marijuana is added it will grow even more, added to the fact that Governor Jerry Brown recently signed a series of bills that will set up a way to control the California marijuana market as it is developing into a legitimate business. California is hoping that by 2018 or sooner all businesses that have to do with marijuana can begin to earn legal profits under California’s licensing scheme. For nearly two decades since medical marijuana was legalized in California only non profit medical marijuana dispensaries have been allowed, with the new laws and regulations on the way it will allow companies that are for-profit to have their shot in the California marijuana market. The market structure that will be implemented in California will be very different from those in such states as Colorado or Washington. California will be looking to open up the marijuana market for all players big and small, thus giving everyone a fair shot to succeed. It will also introduce a tracking system that will regulate the plant from what is called “seed to sale”, this is when the entire process of a marijuana seed is tracked and regulated until it is sold out of a licensed dispensary. With these changes coming will also come with such things as fees, audits, and inspections for businesses.
California is hoping that by 2018 or sooner all businesses that have to do with marijuana can begin to earn legal profits under California’s licensing scheme.
Unlike other states with emerging cannabis markets California will not have a residency requirement making it a very attractive option for out of state individuals to wanting to enter the California marijuana market. As a result of this people from all over the nation will be turning in applications for licenses. The three bills Governor Jerry Brown signed will create a total of 17 different licenses related to some aspect of marijuana. This will give all looking to enter the market a variety of options when deciding what they would like their business to focus on. California officials believe Investors are going to be rushing to invest in some form of marijuana in the near future because of the large upside and profit potential California has shown.
Let us here at Pinnacle Consultation Inc, help you get involved in the California marijuana market. We have years of experience helping people in a multitude of different states achieve their goal of becoming apart of the booming business that is cannabis. Call us today and find out what we can do for you.