Now that recreational cannabis is legal, here's how to start your own pot business
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October 24, 2023
Glen Stubbe, Star Tribune file
Retail marijuana sales in the state likely won't start until January 2025, as the state must first set up an Office of Cannabis Management to regulate and license businesses.
This summer, Minnesota's recreational marijuana law went into effect, legalizing the possession and use of marijuana for Minnesotans 21 and older and opening up a host of business opportunities in a new statewide industry.
Equipment manufacturers. Growers. Deliverers. Analysts that test cannabis plants and materials. Even event coordinators. All will have a role in the cannabis market ecosystem and a chance to make money off an industry expected to reach $1.5 billion in annual sales by the end of the decade, per cannabis law firm Vicente LLP's analysis.
If you're interested in working in this new field, here's expert advice on the state's law, business formation, insurance and everything else you should do to launch your own cannabis-related business.
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