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Five Things To Think About Before You Start Your Canna-Business
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So I hear this every day from my listeners and subscribers. You’re intrigued! You’re excited! And you’ve got major FOMO from the outside looking at how fast the industry is growing. Like a moth to a flame entrepreneurs of all shapes, styles, flavors, and colors, from cultivators to distributors to tech experts and yoga instructors are drawn in by the prospect of a brand new, and tantalizingly controversial industry.
Even with the odds stacked against it federally, the cannabis industry is exploding into the mainstream. According to one analysis by New Frontier Data, the U.S. cannabis industry was worth $10.4 billion back in 2018. And that value is projected to grow to $26.3 billion by 2025. Already, the cannabis industry has directly created hundreds of thousands of jobs, not counting those indirectly created by support businesses like professional advisors or marketing companies. What I’m getting at here is that there is a place for you if this is where you want to be.
But that doesn’t mean it’s going to be easy. Between the growing pains and the legalities, the cannabis industry is complicated, to say the least. And there are a lot of variables you’ll want to consider before you jump in with both feet. So, hopefully, this episode will provide a bird’s-eye view of some things you should know before launching yourself into the beautiful chaos that is the cannabis industry. Whether you’re planning on opening a dispensary, obtaining a cultivation license, or starting an ancillary business like me, here are five things you’ll want to consider BEFORE you get attached to the idea of a cannabis company.
Don't miss the show notes:
https://www.sativascienceclub.com/blog/5-Things-To-Think-About-Before-You-Start-Your-Cannabusiness
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