new marijuana markets

Marijuana Markets Slated to Launch in 2018

Posted on Posted in Marijuana Marketing Classes, Marijuana Policies

new marijuana markets

Eight new marijuana markets slated to launched in 2018. Get ready for the next iteration of the green rush.

The marijuana industry is poised to grow by leaps and bounds in 2018, when at least eight of the 11 states that passed significant medical or recreational cannabis measures last year are expected to start sales.

That will lead to billions of dollars in additional annual revenues for the cannabis sector and create thousands of business opportunities.

Marijuana markets are expected to launch, as of now:

Montana

MMJ has been legal in Montana since 2004, but a law passed in 2011 limited dispensaries to just three patients, effectively eliminating the state’s medical cannabis industry. Voters approved a ballot initiative to legalize and regulate commercial MMJ cultivation operations and dispensaries in November, and some dispensaries have already begun reopening their doors to customers.

Though Montana’s basic MMJ system has been allowed to relaunch, lawmakers are still drafting final rules for the new program, which probably won’t take effect until the end of 2017 or the beginning of 2018.

Florida

Florida must begin implementing regulations, issuing ID cards and distributing business licenses for its new full-strength medical marijuana program by September.

Six licensed, vertically integrated businesses are already operating in Florida through the state’s CBD-focused program. Traditional MMJ could be ready as soon as dispensaries become licensed under the new program, meaning sales could start as early as September. However, it’s not clear if dispensaries will be ready to sell MMJ to patients immediately after receiving a license, and a launch window of Q4 2017 seems more likely.

Arkansas

Arkansas has postponed the rulemaking deadline for its emerging MMJ program. Officials now have until early May to finalize program rules instead of the original deadline of early March.

The deadline for the state to begin accepting applications for dispensaries and cultivation facilities also has been pushed back a month, to July 1. As a result, sales are expected to begin in the first quarter of 2018.

North Dakota

North Dakota passed legislation in late January preventing the state from issuing or receiving applications for MMJ dispensaries – as well as handing out certificates of registration – until July 31, or the start date stipulated in any new measure enabling the sale and use of MMJ, whichever comes first.

While the market should get off the ground sometime in 2018, legislation is still being drafted, so no further details are available.

Maine

Maine passed a bill in January giving lawmakers extra time to draft regulations for its recreational marijuana program, delaying the start of adult-use sales until February 2018. Under the original ballot initiative passed by voters in the 2016 election, the program would have launched as early as September 2017.

A bill to allow existing Maine dispensaries to sell to the recreational market while lawmakers draft adult-use program regulations will be proposed this year, though it’s not clear whether it has enough support to pass.

Massachusetts

Massachusetts lawmakers delayed the start of adult-use sales even further, giving the state six more months to establish regulatory and licensing procedures. Rec stores were originally scheduled to open in January 2018, but that’s now been extended until June 2018.

Nevada

By January 2018, Nevada must issue regulations and begin accepting applications for recreational businesses in the state, though only current MMJ license holders will be allowed to apply for a rec license.

Under the original plan, sales of recreational marijuana likely won’t begin until the second quarter of 2018. But regulators have proposed a plan that would allow rec sales through existing MMJ dispensaries as early as this July.

California

California’s adult-use market – set to be the largest in the nation – will begin accepting applications for recreational businesses on Jan. 1, 2018.

While sales could begin by the middle of 2018, delays in the rollout of the program are likely. Regulations are being drafted simultaneously for California’s massive MMJ market – previously governed by a patchwork of local laws and regulations – which may interfere with the implementation of the rec program.

Pennsylvania

Pennsylvania’s MMJ program appears to be moving along at a slightly quicker pace than Ohio’s, as the application window for the first phase of the licensing process just wrapped up on March 20.

During Phase 1, 27 dispensary licenses and 12 grower/processor licenses will be awarded. Growers/processors will have six months to get up and running from the date they win licenses, and dispensaries are expected to begin operating by mid-2018.

Ohio

Final details regarding the application process for medical marijuana cultivators in Ohio will be in place by May, with license winners announced in September. Applications for dispensaries and processors will also become available in September. A lot remains to be done in Ohio, but if the rollout goes smoothly, dispensaries could be open by the third quarter of 2018.

Louisiana

Legislation passed last May paved the way for a viable, regulated MMJ program in Louisiana.

Two state-run universities – Louisiana State and Southern – will oversee all cultivation and processing of marijuana and hope to start planting by the end of 2017. By mid-2018, product should be available for sale in “pharmacies,” privately run retail businesses that sell MMJ and operate much like a traditional dispensary.

March 27, 2017 by Eli McVey for Marijuana Business Daily

Marijuana Marketing for Businesses

Marijuana Marketing for Businesses teaches entrepreneurs the “how to’s” of marketing with focus on increase profitability and market position. The lack of a good marketing strategy and the knowledge to initiate it affects profitability and expansion. Your marketing campaign can make or break a business.

Starting a business is a huge commitment of time and money. You can have the best product or service available. You have a website, logo, fanpage, cards, you are ready for the customers or clients. “If you build it they will come” only worked the movie (Field of Dreams). You need a plan to bring the customers or clients.

It’s called a marketing plan and strategy.

You may be thinking that you do not need a multi-level marketing plan and strategy, all you have to do is set up a table at an event. But, how do you distinguish your business from the other businesses using the same strategy? How do you reach the people who cannot get to your table? How do you turn the attendees into your customers or clients?

It’s called a marketing plan and strategy.

How do you reach the people who do not attend the events?

What type of networking events are effective?

Are print ads profitable?

Can you be doing more with social media platforms?

Is your SEO current?

Are you doing SEM?

You don’t have the answers, so you either randoming select an action to focus on or you begin looking into hiring a marketing agency and realize it is not in your budget.

Marijuana Marketing for Businesses is limited to four entrepreneurs and is an intense one day workshop that provides you with a personalized marketing plan and strategy, the tools to initiate and maintain it, and marketing resources. Marijuana Marketing for Businesses is a cost-effective solution. Marijuana Marketing for Businesses is an investment in the success and growth of your company.

For more information visit The Women’s Cannabis Chamber of Commerce

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