BIS Research has published the North American Cannabis Market – Analysis and Forecast Through 2015-2025 estimating “the cannabis derivative market value to grow over $20.7 billion by 2020 at an estimated CAGR of 29.80% from 2014 to 2020.”
So what does this mean?
There is an old adage that it wasn’t the gold miners that made it big in the Gold Rush, it was people selling the picks and shovels. As thousands of people rush to be the next big marijuana cultivation/retail/infused product mega-millionaire with a reality TV show, only a select few will be successful… most have or will fail.
However, unlike a state-locked marijuana cultivation/retail/infused product company that cannot sell its products across state lines, ancillary businesses that service such companies are subject to less regulatory scrutiny and are able to launch national product lines and services across state lines.
Our cannabis team has successfully represented such ancillary businesses in the cannabis industry with corporate structuring, raising capital, IP protection and developing functional businesses that can service or provide products to a highly regulated industry.