Additionally, it gives you an opportunity to clearly define the kinds of customers you will serve including age, gender, median income, location, etc… Unless you have a comprehensive team and plan already created, it is wise not to try to capture the entire market in the beginning phases of your company, as you will be spread too thin and lack any direction.
Objectives This business plan reflects a desire to mine the wider legalization of recreational marijuana for the launch and growth of a cannabis-based business. These businesses can sometimes be more lucrative—they do not deal directly with cannabis so they are subject to fewer regulations.
Good luck! Execution: How your company will respond to opportunity The execution section describes how you will maximize the opportunity for your business.
This is sure to change eventually, but for now, you will still need to fundraise enough capital without any loan assistance. Criminal penalties associated with this new law took effect in January These market segments would include marijuana retailers, growers, infused products, testing labs, ancillary goods, and ancillary services.
Recent investigations show a direct correlation between sustainable building and operations standard and profit margins on large-scale facilities, meaning larger producers and distributors may be in a more strategically beneficial market position should federal legalization occur.