#2762 - Q&A: “What are the challenges and opportunities in the cannabis industry?”

Side Hustle School

Chris Guillebeau / Onward Project

Business, Entrepreneurship, Careers

4.8 • 3.3K Ratings

🗓️ 24 July 2024

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, we explore the challenges and opportunities in the legalized cannabis industry. A few years in, profits are surprisingly elusive! Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week. Show notes: SideHustleSchool.com Email: [email protected] Be on the show: SideHustleSchool.com/questions Connect on Instagram: @193countries Visit Chris's main site: ChrisGuillebeau.com Read A Year of Mental Health: yearofmentalhealth.substack.com If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Hey friends what's up Chris Gillibout back with you again another episode of Sideessel School. What are the
0:13.6	challenges and opportunities in the cannabis industry? That's what we're going to
0:17.3	talk about in this episode now depending on where you live in the world or if you
0:21.9	live in the United States it's different in different states but in lots of
0:25.7	places both in the US and elsewhere there has been a big shift in legalization
0:30.9	of cannabis over the past decade or so and lots of changes. and huge industry profit wise, lots of people are going to make lots of money and of course some people are.
0:45.6	But because of how the rollout has happened, different regulations in different areas,
0:49.8	different taxation rates, just a lot of variance basically from place to place. Some people are not making
0:56.2	a lot of money, like some people have opened dispensaries or providers or, you know, otherwise
1:02.2	something in the industry and they've actually really struggled a bit.
1:05.4	A lot of businesses have closed.
1:07.1	So in this episode we're going to have a question from Jeff.
1:10.5	He wants to know a bit more about the challenges and opportunities.
1:13.2	Where are we at with this and how might this affect a side-asselor who's going into this space
1:18.1	or at least has some interest in it?
1:19.5	So let's talk it out.
1:20.8	Detailed question coming up in just 30 seconds. Hey Chris, I'm Jeff, a long time listener came to your event in Phoenix.
1:37.0	I've been following the legalization of cannabis and expected it to be a gold mine,
1:41.0	but I've seen many states struggle with the business side of things.
1:44.4	It seems the industry has been disappointing in terms of opportunities and profits.
1:48.4	What are the main challenges facing the legalized cannabis industry and how can entrepreneurs navigate these challenges
1:53.6	to find success.
	...

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