With low taxes, no local bans, reasonable licensing fees and no neighboring states with legalization, Minnesota is one of the most attractive markets in the U.S.
As the 23rd state to legalize adult-use cannabis, Minnesota has keenly observed and learned from the policy missteps of other states.
A review of the state’s 300-page bill demonstrates that the “Land of 10,000 Lakes” is paving the way to become one of the most attractive markets in the country to build a cannabis business.
In Minnesota, annual cannabis sales are projected to surpass $500 million by Fiscal Year 2027. The economic benefits will not only be limited to “plant-touching” cannabis businesses like cultivators, manufacturers, and dispensaries. They will also extend to professional service providers such as accounting, law, and engineering firms whose services will be needed to support the launch and operations of thousands of new cannabis businesses.
Read the full article published on Marijuana Moment.
Op Ed written by Ari Hoffnung, CEO of Bridge West Consulting and published in Marijuana Moment.