By Joel Goldman | WBN News Global | May 30, 2025

The cannabis industry continues to evolve rapidly, with federal rescheduling discussions, new state-level markets, and projections pointing toward a $150 billion global industry by 2031. But even as opportunities grow, dispensaries face major challenges that could define their success in 2025.

Keeping up with state-by-state compliance is one of the biggest hurdles. Labeling, advertising, and packaging rules can change overnight. However, if cannabis is reclassified as a Schedule III drug, dispensaries may finally be freed from IRS Code 280E—allowing for standard business tax deductions. The SAFE and SAFER Banking Acts, if passed, could also improve access to loans and banking services, long denied to the industry.

Financial Risk & Cash-Only Operations

Without access to traditional banking, many dispensaries operate on a cash-only basis. This increases security risks, insurance costs, and limits growth through conventional financing. Some businesses turn to cannabis-friendly credit unions or private lenders, but those alternatives often carry higher fees and scrutiny.

Fierce Competition

Independent dispensaries are being squeezed by both the black market and large corporate players. Multi-State Operators (MSOs) and major brands from the alcohol, tobacco, and pharmaceutical sectors are aggressively expanding their cannabis portfolios, threatening smaller players with pricing power and scale.

Strategies for Survival

To stay competitive, dispensaries must stay on top of compliance, differentiate with branding and community engagement, and seek cannabis-specific insurance to manage risk. Those who plan for shifting regulations and secure reliable financial infrastructure will be best positioned to thrive.

Connect with Joel Goldman for personalized support on insurance and financing solutions.

You can reach Joel on LinkedIn: https://www.linkedin.com/in/joel-goldman/

or at +1 929-520-9596 or book a call directly to get started.

For trusted protection and coverage, visit Starisks Insurance. https://www.starisks.com/

For real estate or business loan options, explore HMMB Funder LLC.

HMMB Funder LLC
HMMB Funder LLC

#Cannabis Business #Dispensary Challenges #Cannabis Compliance #Cannabis Insurance #Cannabis Industry 2025 #Risk Management #Starisks Insurance

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