If you searched for "marijuana business plan", you might be looking to start a cannabis retail store or a cannabis growing company or a cannabis testing company. A business plan typically includes a detailed product/services description, growth strategy, list of inventory, and a detailed market analysis. A marijuana testing business plan should also include a detailed and succinct description of any exclusive technologies being used to test the products. As with most companies, a marijuana testing company business plan should typically be accompanied by a 5-year financial model with monthly detail in year 1 and quarterly detail in year 2-5.
As more states pass marijuana legalization laws, the marijuana testing business will continue to grow. Although this industry is highly regulated and has moderate barriers to entry, the marijuana testing industry will make up a larger share of the economy in the years ahead.
Contents of a business plan should include:
- Company Location
- Inventory/Machinery used for testing
- Management Biographies
- Financial Analysis
- Exit Strategy
If you need help developing a marijuana retail store business plan or other type of business plan in the cannabis industry, Capital West Advisors can develop a high quality business plan and financial plan for you. Call us at (888) 300-3090 for more information.
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