Newcomer looking for general advice

Hey folks,

I’m thinking of starting a cannabis business but am unsure. I’ve done some googling but the information on this can be quite overwhelming. I’ve heard that it can be quite challenging for many reasons, especially due to the regulatory environment.

I wanted to ask if folks had any insights on some of the biggest challenges they faced. I’d love to learn which problems you think were avoidable with due diligence, and which issues seem inherent to the cannabis industry? Also, anything you think could be fixed if the regulatory environment gets better?

Would also love to hear which state you’re in, what part of the supply chain you deal with, and how that impacts the challenges you face. I’ve heard banking is an issue. Is it as hard to set up payments as people say? Also, any book recommendations on the topic would be great.

Thanks in advance to anybody that sees and replies to this!