Maximum Yield Cannabis USA February/March 2018 | Page 22

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Growin’ Up Ain’t Easy:
THE CHALLENGES OF SCALING UP LEGAL CANNABIS BUSINESSES
by Chris Bond
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Running a business is
hard; running a cannabis business
is harder. Scaling up said cannabis business,
however, is fraught with even more challenges.
Chris Bond runs us through a few of the most
common hurdles weed entrepreneurs face.
T
he growing of any business is fraught with challenges.
Staying current on the industry’s regulations and rules,
determining how to fund additional inventory, finding and
retaining more or new competent staff—these are all obstacles
business owners must navigate to be successful. Enter the
legal cannabis business, though, and these challenges
are magnified exponentially. This is especially true for
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grow. heal. learn. enjoy.
entrepreneurs who want to grow their cannabis businesses,
be it a dispensary, a cultivation, or a tourist operation.
Some of these wrinkles are likely to get smoothed out in the
coming years as more and more states and communities
decriminalize or legalize cannabis use. For the time being,
however, cannabis entrepreneurs face additional hurdles that
traditional businesses do not have to jump over.
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