West Virginia Medical Marijuana Market
Early business plan work has put our West Virginia clients in a great competitive position
Though medical marijuana was legalized in West Virginia in 2017, the implementation process is moving extremely slow. Entrepreneurs interested in winning a business license should be taking this lag time to begin their pre-licensing preparation. There are a limited number of licenses that will be awarded for businesses to operate in West Virginia’s medical cannabis program, so the application process will be highly competitive.
Early business plan work has put our West Virginia clients in a great competitive position, and gives them a detailed understanding of the market potential, as well as business financial modeling that can aid in securing adequate capital to launch the business.
Businesses must be operational within 6 months of receiving a medical marijuana license in West Virginia, so entrepreneurs who are interested in pursuing a license should be actively preparing for submission in order to be ready for short state-implemented deadlines.
Contact our cannabis consultants today to discuss how we can assist with your plans in West Virginia.
Cannabis Business Guidance in West Virginia
Taking the time to put together a financial model and business plan now will help position you to raise capital, secure properties, win local approval, and recruit potential team members.
Market Conditions in West Virginia
Although the West Virginia medical marijuana law went into effect on July 5, 2017, and Emergency Rules have been made available, we are still awaiting the posting of the licensing application.
The vertical integration and banking slowdowns that have plagued West Virginia's medical marijuana program are clearing, and the release of licensing applications is upcoming. Industry education and early preparation are essential for a successful application in a highly competitive market. Start preparing now for entry into the new West Virginia medical marijuana market.
Stay up-to-date on medical marijuana in West Virginia
Cannabis legalization is changing rapidly. Our cannabis consultants can help develop your medical marijuana business from the ground up. For the latest news and events in the industry, visit our Blog and News and Events pages, and have a look at some of the following top articles on medical marijuana in West Virginia.
"Progress made in West Virginia medical cannabis program" - WOWK News 13
A smarter, more strategic approach to West Virginia medical marijuana licenses
Lean on our proven expertise and unparalleled track record to successfully secure your West Virginia cannabis license.