SIOUX FALLS, SD (KELO) – In a month’s time, South Dakota’s medical marijuana law will come into effect. The state is currently determining what the rules and regulations will look like, but many South Dakotas are already struggling to be ready to start their own businesses in this new industry.
“We read the 100 pages on every rule / law that comes out, it’s really about understanding as much as you can, making sure you stay legal in the process that you don’t want to break anything,” said Josh Wood. . .
Josh Wood has been in the business for 30 years, but is excited to start a new business with Dakota Natural Growers.
“We are looking for a license as soon as the rules are published and the possibility of going after said license. We’ve been working on this for eight months, ”said Wood.
People across the state are also working to build their new businesses around one of the new opportunities that medical marijuana will bring.
“There are people interested in retail dispensaries, a number of people interested in culture, then people who want to do transformation or product development, then testing as well,” Ned Horsted said. , executive director of the Cannabis Industry Association of South Dakota.
The South Dakota Cannabis Industry Association is hosting its first industry event this Thursday to help bring all of these interested parties together.
“This is going to bring in experts from the state and from the country to talk about the state of the industry,” Horsted said.
“And collaborating with people, in my case is business experience, a lot of people at CIASD have experience with culture in other states, law, real estate, compliance, l The environment is a very large and complicated market, ”said Wood. .
That’s why Wood and other interested prospects say education is key to getting the South Dakota industry off to a good start.
“Everyone wants it to be done well. We really believe that if this industry is done well, compliance, education, safety etc, it will make a really big difference in the industry down the line, ”said Wood.
the virtual event is Thursday 4-6 p.m., it’s free for all ICASD members but anyone can purchase a ticket to attend the event to learn more about how to get started in the industry.