As a new industry, cannabis is evolving fast. Try to jump into the market looking at the current opportunities, and you’re going to end up behind. On day one. Every industry needs innovators and market builders. But success in cannabis takes visionary skills, as well. Take for instance the race right now to become a multi-state operator (MSOs). In most instances, bigger is better. MSOs create a larger addressable market by having a presence in several marijuana-legal states. Yet, scale comes at a cost.
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Green Leaf Medical’s CEO Philip Goldberg expects to submit a medical marijuana dispensary application by Aug. 31, the final day for submissions as allowed by the New Jersey Department of Health Division of Medicinal Marijuana’s Request For Applications, announced on July 16.
In its current fundraising efforts to support expansion, the company has raised $6 million toward an $18 million goal.