What in the World is Green Rush Fever?
Posted May 22nd, 2018 by Anthony Carbone, PC.
Categories: Cannabis.
If you’re like many people, there’s a chance you’ve never heard of Green Rush Fever. Before you hurry to check the symptoms, we’ll save you some trouble. Green Rush Fever is not any kind of disease. You don’t have to worry that a tick or a mosquito will infect you with it.
Green Rush Fever is somewhat new to New Jersey. What do you think of when you think green? More than likely, plants and money. Enter the world of cannabis as a money maker. Yes, Green Rush Fever concerns those recognizing the potential profits in the legalization of recreational marijuana.
You might not realize it, but the rush has already begun. Across the state, some have already started to identify sites for cultivation. Meanwhile, others are scoping out areas where dispensaries can open up once the laws are passed.
More than likely, it’s premature to choose sites for any part of a cannabis business. For one, there is the issue of waiting for the actual legislation to go into effect. At the very least, you may be able to ascertain places where you can’t go into business. A number of towns have already indicated they want nothing to do with the cannabis business.
Green Rush Fever and Other Opportunities
According to Obsidian Elite Investment Association, New Jersey will likely be one of the largest markets for legal cannabis. They estimate that at its peak it will earn $3.8 billion. Amazingly, they also suggest investors could see 2000% on returns within the first five years. Obviously, that’s a whole lot of money.
The prospective legalization opens up a number of opportunities. Of course, there’s the obvious onslaught of new business pertaining to growers and dispensaries. However, there are other opportunities as well. For starters, product packaging may create new types of industry. Additionally, experts predict that there will be a need for the development of standardized software regarding the growth and sale of legal cannabis.
In states where recreational cannabis is already legal, tourism rates have increased. Could Green Rush Fever actually bring more guests to the Garden State? This seems to be the case in both Colorado and California.
Know the Law
Above all, it will be critical to work with individuals who study and understand the laws regarding cannabis. As it now stands, only medical marijuana is legal in New Jersey. However, with the expansion of the program will come the need for more dispensaries. It will be a matter of supply and demand.
With all that said, you will need legal advice to guide you through the intricacies. Your attorney will not only ensure that your business is compliant – but will also refer you to other experts as necessary.
Contact Us
Interested in investing in a business model based on legal cannabis? Call the Law Offices of Anthony Carbone to see how we can assist you.
