Give an overview of your target customers. Discuss the type of cannabis business you are operating. For example, give a brief overview of the cannabis industry. Next, provide an overview of each of the subsequent sections of your plan. For example, are you a startup, do you have a cannabis business that you would like to grow, or are you operating cannabis businesses in multiple markets? Explain to them the type of cannabis business you are operating and its status. The goal of your Executive Summary is to quickly engage the reader. Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan. Below are links to each section of a free cannabis business plan template: If you want to start a cannabis business or expand your current one, you need a business plan. If you’d like to quickly and easily complete your Cannabis business plan, download our proven business plan template here. Personal savings is the most common form of funding for a cannabis business. With regards to funding, the main sources of funding for a cannabis business are personal savings, credit cards, and angel investors. Sources of Funding for Cannabis Businesses Your cannabis business plan is a living document that should be updated annually as your company grows and changes. A business plan will help you raise funding, if needed, and plan out the growth of your cannabis business in order to improve your chances of success. If you’re looking to start a cannabis business, or grow your existing cannabis business, you need a business plan. It also includes market research to support your plans. It explains your business goals and your strategy for reaching them. We will then go through a cannabis business plan template step-by-step so you can create your plan today.ĭownload our Ultimate Business Plan Template here > What Is a Business Plan?Ī business plan provides a snapshot of your cannabis business as it stands today, and lays out your growth plan for the next five years. On this page, we will first give you some background information with regards to the importance of business planning. Over the past 20+ years, we have helped over 1,000 entrepreneurs and business owners create business plans to start and grow their cannabis businesses.
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