Research indicates that legal sales of recreational cannabis in California are projected to reach an estimated 7.2 billion dollars by 2024. Moreover, the sales forecast will steadily increase with each consecutive year. In addition, as regulations loosen over the years, we should expect these figures to grow even more. With that said, getting into the cannabis industry now is ideal given it is still in the post-legalization infancy stage.
Additional Important Statistics Include:
As the saying goes, “striking while the iron is still hot” certainly applies when it comes to the cannabis space. However, there are many reasons why people do not take advantage of this prime opportunity. The reason you ask? Well, that is because they do not know the intricacies of the cannabis business. As a result, those who wish to get into the cannabis space choose a different industry instead. But, the good news is that it no longer has to be this way. The reason why is that there are companies that can perform much of the heavy lifting on your behalf so that you can succeed. See below to learn more.
Yes, the data is very promising and the sales forecast is certainly great news for the cannabis industry. However, it is also important to note that there are still challenges new cannabis brands must face as they begin.
Common Challenges Include:
Figuring out how to navigate these challenges as a new cannabis brand can be difficult. In addition, if you are unable to overcome these hurdles, they can be very costly to your business.
Having a partner with experience in the cannabis space to help overcome these hurdles is important. Moreover, having a trusted partner to help facilitate from start to finish is extremely beneficial to your success. This is where Mabel Manufacturing comes in. See below with regards to how Mabel can help with each of the above common challenges.
These are simply some of the ways Mabel can help you so that you can thrive in the cannabis industry. By leveraging a service such as Mabel, you can increase sales, expand your outreach, and become a leading pioneer in this growing industry!
If you wish to learn more about Mabel Manufacturing’s services, please visit our website mabelcompany.com
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