Cannabis cultivation requires in-depth details and expertise from start to finish. Passion could drive the best cultivator, but expertise guides optimal returns in seed yields. Cannabis cultivars are different in yields, growth range, and plant yields. As cannabis is not just a plant of hobby, you will need technical help in navigating the complexities involved in its cultivation. GPS offers detailed guidance on all the procedures involved in cannabis cultivation, from seedling to harvesting.
The cannabis retail business has kicked-off officially in different parts of the world. Many thanks to favorable legislation that decriminalized cannabis marketing and distribution across state lines. As medical cannabis and cannabis-derived pharmaceuticals also become popular, the business opportunities in the cannabis retail business are limitless. At a CAGR of 18%, the global legal cannabis market is projected to reach $76 billion by 2027. Cannabis dispensary owners are poised to get increased investment returns on venturing into this rapidly expanding sector of the cannabis industry. At GPS, we take you through every step of the way and make your retail business the best experience.
Multiple legislations around the world have provided a statutory definition for hemp –an industrial variation of the Cannabis sativa with a THC content, not more than 0.3%. Pro-hemp legislations provide legal backing for its controlled production, packaging, sale, and distribution across State boundaries. Cannabis stakeholders are scrambling to venture into hemp production and increase their reach into hemp production. By 2025, the global hemp market is projected to reach $26.6 billion with a compound annual growth rate of 34%. Where do you stand? Upscale your business and increase its valuation with hemp production by engaging our custom services for hemp growers.
Cannabis retail services and corporate production companies invest heavily in supply chain design. Getting the right product to the right destination at just the right time requires extensive planning. Consultancy services on the cannabis supply chain are primarily involved in product movement from cultivation, warehousing to retail and consumption. An exclusive service on supply chain management also reconciles all parameters involved in matching demand with optimum supply.
Manufacturing cannabis at any production level requires constant process optimization. The output quality is prescribed by State laws and is required to be uniform at every batch. Beyond the needed technical know-how, cannabis businesses invest in the right consulting firm for manufacturing services. Product launch should be preceded by a cutting-edge strategy in risk mitigation and optimizing investment returns. From extraction to product packaging, we provide valuable insight that directly improves product acceptance, branding, and profitability.
Opening up new business terminals across state lines is a proven move to improving valuation projections and client base. You might have enough hands-on experience in successfully handling the main terminal in your default state; however, the cross-border business poses its own unique challenges. By expanding into multiple states, you are expected to comply with new regulations guiding licensing, equipment sourcing, retailing, and state-specific laws on cultivation, harvesting, extraction, processing, analytical testing, and labeling.
With nine global offices in over 35 countries and counting, we are strategically located to facilitate the expansion of your business enterprise. Every member of the GPS consultancy team understands the complex landscape of the cannabis industry in almost every country with pro-cannabis legislation. A collective network of in-house hemp and marijuana experts, business professionals, and government leaders delivers value in ancillary services, including regional cannabis regulations on legality, licensing, cultivation, insurance, and financing. Even when you have decided to expand beyond international boundaries, we have got you covered on all fronts.