As Wisconsin moves closer to legalization, it's a race to secure dominance in the new market.
The state of Wisconsin has officially put marijuana decriminalization and medical cannabis in the latest budget proposal. At this rate, Wisconsin could be the next state to legalize medical marijuana and possibly decriminalize the substance altogether.
This company is predicted to make $6 to $8 million on their first ever hemp harvest in Wisconsin. How are they expected to produce huge profits on their opening harvest? By obtaining the licensing to grow and process their own crops in a state where the processing capacity is limited.
That's not even the monumental news. Unlike most companies that are lucky enough to obtain a growing and processing license, this Wisconsin-based organization's profits are not limited to their own crop. The company has secured a license that will allow them to process hemp crops from out of state.
Now that they are positioned to capture huge market share at both a local and national level, purchase a 200-acre farm, build a state-of-the-art CBD lab, and the infrastructure to support the company's nationwide aspirations.
With plans for the state-of-the-art processing plant in the works, the organization will have the capacity to handle 10 times the amount that can be grown on their own property. And therefore, will have the financial freedom to review even more opportunities within the marijuana space.
Click here to learn more about the company leading the charge in Wisconsin's medical marijuana boom.