NerdWallet: Advice and warnings for starting your own cannabis business

This article is reprinted by permission from NerdWallet.

Marijuana is having a moment. Experts recently dubbed cannabis the fastest-growing industry in the U.S. Legal weed generated $10.4 billion in the U.S. in 2018, and the number of “plant-touching” jobs is expected to pass 500,000 by 2022, according to New Frontier Data, a cannabis market research and data analysis firm.

Investors have taken note, pumping $10 billion into North American cannabis businesses last year — a good sign for budding entrepreneurs hoping to cash in on the green rush.

But be warned, the cannabis industry is not for the faint of heart.

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