Earlier this week, Gov. Polis and the Cannabis Business Office (CBO) within the Colorado Office of Economic Development & International Trade (OEDIT) announced the Cannabis Business Loan Program for social equity licensed cannabis businesses in Colorado. The CBO has partnered…
Loveland-based CBD retailer Plenty Wellness recently unveiled its automated retail channel for selling cannabidiol products, Plenty Wellness Express. The machines sell Plenty Wellness products as well as CBD products from other brands. In the next 12 months, Plenty Wellness plans to have Express automated retail kiosks in 300 gyms, grocery stores, malls and other locations.
Cannabis is a $9 billion-dollar industry expected to reach $26 billion by 2025. With nearly 25 million monthly cannabis customers in the United States and more than 500,000 new jobs projected by 2022, the economics of cannabis–and as a result, their impact on real estate–can’t be ignored.
Because it’s impossible to predict the future, a focus on responsible growth, compliance and culture will help ensure the success of any cannabis business—coronavirus crisis or not.
