ROI-NJ: What is a barrier to entry or an issue most people don't think of that needs to be addressed to play in this space?
Lee Vartan was featured in ROI-NJ’s Cannabis Resource Issue. For this Cannabis Need-to-Know Crucial Perspective, Lee shares insight into a common barrier to entry for those seeking to partake in the cannabis industry.
He says: “Between application fees, property costs and limited funding sources, the licensure process can be capital-intensive for small to midmarket operators.”
“It is also worth noting that, despite several stalled attempts to provide federal protections to financial institutions serving cannabis businesses, the approved, ballot-driven cannabis referendums across the U.S. in the 2020 election — as well as the new presidential administration — are positive indicators that, perhaps soon, operators in the space will have improved access to capital.”
To read further, please visit ROI-NJ's website.