Kentucky is now hot on the radar as a prime location for medical cannabis opportunities. As the application window dwindles, we take a detailed look at the potential and challenges within the state’s medical market.
In this episode, we explore the intricate process of applying for cannabis licenses in Kentucky. Learn what you need to do to be successful, whether you’re a mom-and-pop shop or a larger enterprise. Discover the necessary steps, strategies for success, and how to position yourself for the best chances of obtaining a license in this competitive field. Understand the opportunities, potential, and challenges that await willing participants in this emerging market.
This week we sit down with Emily Sisneros to discuss the following:
- Winning Cannabis licenses
- Kentucky Medical Program
- Which south states have big upside?
- Distressed Licenses
Guest Links:
- https://cannabusinessservices.com/
- https://www.linkedin.com/in/emilyseelman/
- https://x.com/canna_services
- https://www.instagram.com/canna_services/
- https://www.linkedin.com/in/emilyseelman/
Chapters:
Introduction and Background ([00:00:00]) – The hosts Bryan and Kellan introduce their guest Emily CEO of Cannabis Business Services, and discuss her background in the cannabis industry.
Emily’s Journey into Cannabis ([00:01:25]) – Emily shares how she started in the cannabis industry as a civil litigator in Pennsylvania and then transitioned to founding her own consulting firm.
Early Challenges and Lessons Learned ([00:03:53]) – Emily discusses the chaotic early days of the cannabis industry and the challenges she faced, including educating clients and dealing with unqualified vendors.
Expanding into New Markets ([00:05:44]) – Emily talks about how her business expanded beyond Pennsylvania to serve clients in various states and sectors of the cannabis industry.
Approach to Understanding Regulations ([00:07:05]) – Emily explains her process for deeply researching and understanding the regulations in each state she works in to provide the best service to her clients.
Kentucky’s Medical Cannabis Program ([00:10:39]) – Emily provides a detailed overview of the current status and unique aspects of Kentucky’s new medical cannabis program, including the short application window and lottery system.
Challenges and Considerations for Entrepreneurs ([00:14:47]) – Emily discusses the significant investment and grit required to successfully navigate the cannabis licensing process, as well as the importance of remaining flexible.
Opportunities in the Cannabis Industry ([00:16:27]) – Emily shares her insights on promising markets and sectors within the cannabis industry, such as Pennsylvania, distressed assets, and ancillary businesses.
The Future of Cannabis in the South ([00:43:17]) – The hosts and Emily speculate on how the cannabis industry may evolve in the southern United States, particularly in states like Florida, Georgia, and Alabama.
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