Cannabis News Magazine and Digital Platform

Cannabis News Magazine and Digital Platform

The 4-Minute Rule for Cannabis company announces partnership with Atlantic Cape


The UM study stated legal cannabis will also draw tourists to Montana, as it has in other states. According to a 2019 research study from the Colorado Tourist Workplace, 6% of travelers said legal cannabis was among the main reasons for their go to, and 15% of all travelers checked out at least one dispensary.


But cannabis can't be grown overnight, and there are limits to just how much a dispensary can grow.  Learn More Here  can grow just a specific quantity of marijuana at a time based upon a tiered system, according to Montana Code Annotated. A tier 1 producer can mature to 1,000 square feet of product, and a tier 9 producer can grow up to 20,000 square feet throughout as many as six areas.


Besides the legal limits, there are also financial limitations. Growing that much marijuana is capital intensive, and not everybody has the resources to ramp up production to the legal optimum. Since cannabis is still unlawful at the federal level, it's nearly difficult for producers to get conventional funding, considering that banks are reluctant to deal with dispensaries since of the federal restriction.



Michaela Schager, owner of Montana Medicinals in Missoula, said she is doing whatever she can to ramp up growing in the months prior to the adult-use market opens. She said it takes a minimum of seven to 9 weeks for a marijuana plant to totally flower, and she worries there will not be enough." I believe we'll see some interruption in the market in January and February, and it will most likely take a few months for whatever to mellow out," she said.


Start Spreading The News: New York Could Displace  - Forbes Things To Know Before You Buy


Perhaps the most significant change will be a transition from a vertical market where dispensaries had to cultivate, produce and offer all their own items to a horizontal market where services can sell wholesale to each other and concentrate on particular market niches. The state Department of Earnings which is managing the adult-use market and taking over the medical system beginning July 2 will be issuing 5 various kinds of licenses to manufacturers, including for cultivation, manufacture (of edibles and other marijuana items), sale, lab testing and transportation.