In the latest episode of MITA’s “Unshackled” podcast, hosts Demitri Downing and Sergio Barraza explore the intriguing landscape of Montana’s cannabis industry. Recorded at MJBizCon 2023, Episode 9 provides an in-depth analysis of the state’s unique market dynamics and challenges. The hosts are joined by two industry experts, Evan Kajander of Apogee Gardens and Jonathan Ballard of LeafyPack, offering valuable insights into the past, present, and future of cannabis in Montana.
The conversation kicks off with a journey through Montana’s cannabis history, highlighting the state’s medical program’s various iterations, with the most recent one initiating in 2017. Both guests shed light on the challenges and regulatory intricacies faced by cannabis businesses in Montana, addressing issues such as licensing structures, testing requirements, and the moratorium on new licenses following recreational cannabis legalization in 2022.
The hosts and guests delve into the distinctive features of Montana’s cannabis market. The limited number of licensed providers, vertical integration requirements in the medical program, and the recent shift to a more diverse market structure with the advent of recreational cannabis are discussed. The conversation uncovers the impact of legislative decisions on the industry, emphasizing the significance of the moratorium and potential future changes.
The challenges faced by cannabis growers in Montana come into focus, with regulatory issues, pest control, and rising testing costs taking center stage. The hosts inquire about business development opportunities, exploring the potential issuance of adult-use licenses in the future. Guests elaborate on the state’s unique tax structure, logistical challenges due to vast distances, and the crucial role of maintaining medical cannabis accessibility with minimal taxes for patients.
As the podcast concludes, the hosts and guests take a forward-looking approach, examining the legislative priorities in Montana. Topics such as testing, tiering systems, and preparations for potential interstate commerce are emphasized. Both guests express their hopes for a balanced approach that ensures sustainability and positive growth for Montana’s cannabis industry.
Throughout the episode, valuable insights are shared, offering a comprehensive snapshot of Montana’s current cannabis landscape. The nuances of the market, its challenges, and the opportunities it presents are thoroughly explored, providing industry participants with a deeper understanding of the intricacies involved.
MITA’s “Unshackled” Episode 9 serves as a compelling resource for anyone interested in Montana’s cannabis industry. The conversation between industry experts and hosts Demitri Downing and Sergio Barraza unveils the complexities of the state’s market, shedding light on its evolution, challenges, and potential for future growth. As Montana navigates the green frontier, this podcast episode stands as a valuable guide for those seeking to understand the unique dynamics of the state’s cannabis industry.