Over 200,000 companies formed since 1981.
The cannabis industry is one of opportunity, risk, red tape and stigma, although the latter is thankfully abating. Its consumer market is well established, but its regulation and legality remains subject to a patchwork of each state’s laws and the conflicting status of cannabis between state and federal law.
For many entrepreneurs, the opportunity – paired with a sense of optimism and a passion for the product – makes this the time to jump in and hope for the best. Still, even the most dynamic and experienced business owners are bound to face some challenges, and hope alone will not overcome them. However, hope, an entrepreneurial mindset and a reasoned, thoroughly considered plan based in a granular assessment of the cannabis industry, its market, participants, and its regulation, have already led many founders to success in this space.
In our guide, we’ll look at what it takes to start a cannabis-industry business, including understanding the applicable laws, regulations and licensing requirements, creating a legal business, obtaining key business elements such as funding and real estate, and forming a smart business plan.
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Harvard Business Services, Inc.
Over 200,000 companies formed since 1981.