Chart of the Week: Marijuana Startup Interest Booming in California, Washington State & Colorado

February 9, 2015

By Marijuana Business Daily staff

California has climbed over several other powerhouse cannabis states and now ranks as the most popular market for entrepreneurs starting marijuana companies, despite an unstable business climate fostered by a lack of statewide MMJ regulations.

Nearly 20% of entrepreneurs currently in the process of starting cannabis-related companies are located in California, according to the 3rd Annual Marijuana Business Professionals Survey.

The results are vastly different from last year, when Washington State held a commanding lead over every other state. In the 2014 survey, 21.3% of respondents planning to launch cannabis companies were eyeing Washington. Colorado came in a distant second (8.9%) last year, followed by Illinois (8.3%), Massachusetts (8.2%) and California (7.5%).

This time around, California edged out Washington State, where 15.6% of respondents launching marijuana companies are based.

Other popular states for entrepreneurs include Colorado, which ...

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