Final answer:
The 2016 legal cannabis industry in the U.S. had rapid growth, high market demand, and strict regulations. The D.C. market has attractiveness but also challenges. Value emerges in different stages of the cannabis supply chain. Barriers to minority-owned businesses persist with potential risks. Corey's strengths as an entrepreneur and policy influencer include industry experience and innovative approach.
Step-by-step explanation:
The legal cannabis industry in the U.S. in 2016 had several macro characteristics. First, it was a rapidly growing industry due to the increasing legalization of marijuana in various states. Second, there was a significant market demand for cannabis products, leading to high sales and revenue. Third, the industry was heavily regulated, with strict licensing requirements and compliance measures.
The D.C. market can be considered attractive due to its proximity to the federal government and the potential for high sales. However, there are also challenges, such as the strict regulations and limited market size compared to states that have fully legalized cannabis.
Value emerges in the cannabis supply chain through different stages. This includes cultivation, processing, manufacturing, distribution, and retail. Each stage provides opportunities for companies to add value and generate profits.
Barriers to minority-owned businesses in the cannabis industry persist, including limited access to capital, discriminatory policies, and lack of representation. The lack of diversity in the industry can lead to exclusionary practices and limited economic opportunities for minority communities.
Corey's strengths as an entrepreneur and policy influencer include his experience in the industry, innovative approach to business, and ability to advocate for change. His business choices with District Growers and Metropolitan are evaluated based on their alignment with industry trends, regulatory compliance, and profitability.