5 Best States to Start a Cannabis Business

4. Arizona

Insider Monkey Score: 5

Average Monthly Revenue: 80m

Arizona’s recreational cannabis market, while relatively new, is poised to become one of the nation’s largest. With a growing demographic of retirees engaging in cannabis consumption, especially in non-smoking products, the state presents business-friendly regulations. Yet, high competition and startup costs demand dispensaries to develop solid marketing plans, crucial for fostering brand loyalty in this challenging industry.