New states keep asking other existing states for guidance — when they should be asking existing operators for guidance instead — so shortcomings are just photocopied over and over again.
Getting license allocation right for the particular state’s market dynamics reduces supply and demand imbalances, allows business owners to predict market share, and sets up the overall program for success.
The federal government should get out of the way and allow each state to make its own determination based on market dynamics.
can take its place as a global leader in what has the potential to become the next great American industry.
A federal program would be remiss without imposing a national tax on cannabis.
If the federal government refuses to get out the way, then the next best option is following the hemp model wherein states apply to the federal government for approval of their plan.
For crafting legalization parameters that are practical and tested, the federal government should get input from existing operators from across the nation on what is working — and maybe more importantly, understand what is not working.
A well-connected and respected industry insider, Jay and his team have helped build cannabis businesses in 31 states and internationally.
A foremost authority on real estate development and cultivation design, Jay has held a commercial general contractor license since 2002.