Cannabis Business Opportunities for the East Coast
By: Cannabis News Magazine
Tags: East Coast, Hemp Business Association, Business Organization, Marijuana, Cbd Business Association

A recent interactive Cannabis map by BOHCA shows that the west coast is indeed greener. In actuality, the East coast is really not that far behind. Maine, Vermont, and Massachusetts have already legalized both medical and recreational cannabis and a number of eastern states have decriminalized cannabis possession and have legalized marijuana for medical use.

Fast Track of Legalization of Recreational Use

Most citizens historically thought that the prohibition of cannabis as being backed up by a scientific studies, but a recent article from Huffpost says otherwise. The now clearly absurd reasons for its prohibition must be the catalyst which is now putting lawmakers on the other side. Since 2012, the US has seen a fast track of legalization through legislative action or voter initiative processes. The current legalized recreational use will continue to open more doors and thus an increase the options to grow revenue.

New York is aiming for full legalization, as there is an amendment to a bill that will legalize cannabis for recreational use.

As of last March 2019, Connecticut is on track as the General Law and Judiciary Committees approved versions of the legalization of recreational marijuana.

Recreational marijuana use in Rhode Island also now has the support from its Gov. Gina Raimondo.

Public support

Public support has always been a crucial factor in influencing the law makers and thus the passage of a given bill.

In New York, 3 independent polls concluded that majority of New Yorkers support the legalization of cannabis for recreational use.

According to a Quinnipiac University survey, 59% of voters in Connecticut support legalization.

55% of Rhode Islanders support the legalization of cannabis use according to a survey by Brown University’s Tubman Center for American Politics and Policy.

Lessons from the West Coast

Most lawmakers saw the positive effect of legalization on the States of California, Oregon and Washington from its passage to its implementation. This makes the lawmakers here on the east coast more open when considering the passing of a bill or an amendment.

Further, the aforementioned states have provided cannabis jobs that has been paying above the median. With this proven contribution to the economy, one can conclude that widespread community support can be easily gained.

Fresh Start

Aside from the current headlines, we have also heard about the infamous first days of recreational cannabis retail sales breaking records. It is fair to conclude from the data that the marijuana industry is booming and that it shows no signs of slowing down. Being able to be one of the first to market at this stage, could give a business an upper hand. In addition to this, the market will not be excessively saturated owing to its highly regulated nature.

In conclusion, even before full legalization dawns upon your state, it is recommended you find an industry partner or East Coast Cannabis Association like Business Owners Hemp + Cannabis Association. With BOHCA, you will be furthering your business education regarding operating your cannabis/hemp business, whether its plant touching or non- plant touching. Still outside the industry? BOHCA has members that are experts from different fields that will guide you in establishing your dream cannabis business. With our membership you will have the right business network to achieve your goals. Join the community by calling 203–883–9290 or email them at info@bohca.biz and visit the website at https://bohca.biz.