Marijuana equipment start-ups flourish as large rivals avoid legal pitfalls
GREELEY, Colo. – Marijuana’s uncertain legal status across the country has unleashed a network of innovators and entrepreneurs into a space that would ordinarily be filled with name-brand manufacturers, pharmaceutical companies and federally funded research universities.
These small “cannabusinesses” are rushing to fill niches and make money in a field where the drug’s illegal status at the federal level has made many start-up basics — from getting a new machine to accessing credit — far more challenging.
Colorado, for instance, boasts a cottage industry of innovation because it was one of the first states to legalize recreational cannabis sales to adults, and also has a highly educated, youthful workforce.
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