As legalization sweeps the nation, craft, small-batch growers in both the cannabis and hemp industries are at risk.
The price to play is steep. It costs an estimated $5 million to $10 million for a craft grower to enter the market, the Illinois Craft Cannabis Association founder Paul Magelli says. Which is why his association has filed a lawsuit hoping to get 40 craft growers more time to enter the Illinois marketplace and apply for licenses.
Industry regulations are not kind to small-batch farmers in a sea of larger, investor-funded operations. “That is the main danger, that it will get crushed,” Adam Smith, president of the Oregon-based Craft Cannabis Alliance, told reporter Omar Sacirbey in Marijuana Business Magazine.
– Read the entire article at Forbes.