Cannabis entrepreneurship: A guide to core concepts, resources, and research strategies

Ritchie-Baum, Morgan; Levandowski, Andrea; Toane, Carey; Cramer, Steve

doi:10.1080/08963568.2022.2137971

Cited by 1 publication

(1 citation statement)

References 16 publications

(9 reference statements)

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“…While not all established retailers with previous cannabis-related convictions are automatically precluded from operating in the legal market, many are inevitably barred due to their criminal history, especially minority-owned businesses (Deloitte, 2022). Due to historic and current systemic inequalities and limited access to funding and capital, minority-owned entrepreneurs seeking to enter the legal market are hindered (Ritchie-Baum et al , 2023). As a result, several established retailers remain illegal, playing “whack-a-mole” with law enforcement.…”

Section: Introductionmentioning

confidence: 99%

What a legacy: a call to action to facilitate entry into the licensed cannabis market in Canada

Wright-Brown

Brennan

Blackwood

et al. 2023

DHS

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Purpose Almost five years after legalization, the unlicensed cannabis market is still thriving in Canada, and legacy cannabis retailers continue to face barriers to legal market entry. This study aims to shed light on these challenges and offer policy recommendations supporting legacy retailers and the government’s goals of enhancing public safety and displacing the unlicensed market. Design/methodology/approach This study reviewed online sources, including the media, gray literature, government, and other policy and legal websites, to identify legacy retailers’ challenges to entering the Canadian ecosystem since legalization and policy approaches of legalized jurisdictions with similar issues. Findings Legacy retailers face financial, legal and social barriers to entering the legal market. The Canadian government should focus on lowering and eliminating these barriers by developing programs that reduce financial risks and required capital, facilitate partnership programs and accelerators, provide innovative options that reduce overhead expenses, encourage pooled ownership to support small businesses, prioritize market entry for equity-deserving individuals and enable automatic expungement. A description of programs that have been implemented in other jurisdictions to address similar barriers is provided. Practical implications The policy recommendations in this paper would enable increased entrepreneurship and employment in a growing sector. While the tax revenue earned from the new market entrants may not be enough to support all the recommended policy initiatives, it could be reinvested to fund some of them creating sustainable growth opportunities. Originality/value The paper provides practical, timely policy recommendations on expanding the legal cannabis market in Canada and addressing unintended negative consequences of current policies.

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Section: Introductionmentioning

confidence: 99%