Breaking Barriers: Challenges and Opportunities for Tribal Cannabis Business
The cannabis industry is experiencing rapid growth, projected to expand from nearly $33 billion in 2023 to $49 billion by 2026. While legalization has provided economic opportunities in many states, Native American tribes face significant hurdles in accessing this booming market due to federal and state regulatory barriers. Tribes seeking entry into the cannabis industry encounter unique challenges, including difficulties in securing licensing, financing, and banking services—all essential components for launching and sustaining a cannabis business.