‘Growing Weed Is Not Easy, Cultivation Is Science,’ Say Experts At NJ Benzinga Cannabis Market Spotlight, Share Tips On Making It Without Breaking The Bank
“We’re starting to see price compression,” said Giovanni Paul, co-founder of Noiré Dispensary in the heart of Maplewood, New Jersey. “We’re seeing more and more competition coming online.” The growth is starting to bring down the price, which “keeps a healthy market.”
Paul talked about the cannabis market in the Garden State, at the Benzinga Cannabis Market Spotlight on Monday in New Jersey, along with Scheril Murray Powell, founder of Cannabis HR Council and Joseph Lustberg, CEO at Upwise Capital. The panel that focused on sharing cost-effective ways to make it was moderated by Tenisha Victor of Tier 9 Collective.
“Right now, we do see great opportunity. It’s just starting,” said Paul.
Powell, a top cannabis attorney and former director of Federal Affairs for the Florida Department of Agriculture, agreed that the NJ market is hot. “There’s a lot of ancillary opportunities related to this growth that we’re seeing.” New Jersey is a great place to invest as it is showing a lot of stability for investors. It is, however important to find the right partners to get into relationships with, added Powell, a Rastafari pushing for faith-based cannabis use.