Maximum Yield Cannabis USA April/May 2018 | Page 45
Major business points to consider before entering the
cannabis market as a business owner include:
• Business Planning: There are many online tools, both paid
and free, to help you create a solid business plan. This step
is important not only to help attract investors but to provide
a foundation of what you want to achieve and how you plan
on achieving it.
• Compliance: Our industry is now fraught with more
governmental oversight than possibly any other industry
in the country. Maintaining compliance with laws and
regulations at all levels of government, not only now but as
they evolve in the future, is crucial to success in the industry.
• Financial: Do you have funding secured for your business?
Have you detailed out the required start-up capital and an
operational budget to help you survive the initial months
before revenue? Having a solid financial plan is necessary
for any start-up in any industry and we are no different.
myhydrolife.com
“
NOT ONLY WILL consumer demands
continue to vary, but governmental
regulations and oversight will forever
evolve and place the ongoing burden
on business owners to stay up to date.”
grow. heal. learn. enjoy.
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