This has undoubtedly been a year of challenges for virtually all business sectors, but 2021 holds some promise for the continued growth of California’s burgeoning legal cannabis industry.
Some of the trends our Los Angeles marijuana business lawyers recognize as specific to our state include:
- More cannabis business license opportunities in Los Angeles and throughout the state.
- Ongoing evolution of consumer preferences as well as product maturation.
- Pressure from consumers and businesses on taxes and pricing.
- Newly available legal finance and banking services.
Although these are mainly positive developments on the horizon, some could lead to a degree of market volatility. Still, all indicators are that California’s legal cannabis market will continue to grow by leaps and bounds. Voters in various parts of the state passed dozens of local initiatives that establish a regulatory and tax framework for new marijuana businesses to become established. That means we’re going to see more marijuana businesses set up shop. Continue reading