For investors who have already cashed in on the U.S. “Big Marijuana” fundraising trend, the growing acceptance of cannabis among Britain’s political and business establishments is very promising. There’s also more than enough space in the market for new entrants to make an impact. Female CEOs and C-suite executives, in particular, are rising to the top of the industry because they understand the growing female consumer and their needs best.
For those looking to get into the industry, there are three main considerations you should be aware of:
Adapt your skills to the market
The first stage is to find what you do best and how you can apply this. Luckily, as medical cannabis is one of the fastest growing markets in the world, with estimates of Europe’s medical cannabis market hovering around £100 billion by 2028, there is going to be an increasing number of business opportunities in the next decade. Whether you’re a graphic designer or a scientist, there will be a role for you.
Any business owner entering the market must, however, be prepared to overcome the stigma associated with medical cannabis and the challenges they may face as a result of this. Starting or growing a business always requires a leap of faith, but the task can be more daunting when the market you’re entering is under as much scrutiny as this one. Understandably, governments are cautious, so there’s a lot of red tape to confront. The country you reside in will have an effect here.
The industry in Canada, for instance, is tightly regulated in a restricted industry. In parts of the U.S., the industry has been opened more broadly. In the UK, the industry is only just beginning.
All these policies pose benefits and challenges for business owners. Either way, it’s important to get