#Starting up a #cannabis #business can be overwhelming, but with some preparation, research, and perseverance you can make your dream a reality. First, you need to do your research and decide what kind of business you want to start – will it be a dispensary, delivery service or something else?
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What are the essential steps to start a cannabis business?
Starting a cannabis business can be a complex and challenging process, but with the right preparation and guidance, it can be a rewarding venture. Here are the essential steps to start a cannabis business:
1. Research and planning: Before starting a cannabis business, do your research to understand the market demand, competition, legal requirements, and potential risks. Develop a detailed business plan that includes a description of your products or services, target market, marketing strategies, financial projections, and organizational structure.
2. Choose a legal structure: Decide on the legal structure of your business, such as a sole proprietorship, partnership, limited liability company (LLC), or corporation. Each structure has its own tax and legal implications, so consult with a lawyer or accountant to determine the best option for your business.
3. Obtain necessary licenses and permits: Cannabis businesses are subject to strict state and local regulations, so obtain all necessary licenses and permits to operate legally. This may include a state license, local permits, a cannabis business tax certificate, and compliance with zoning laws.
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00:00 Introduction
00:30 Step 1 – confidence
01:07 Step 2 – the application process
02:43 Step 2.5 – hacking a lottery
04:11 Step 3 – get a license and be unprepared
05:38 Step 4 – Making a Deal to Get Funding
07:30 Step 5 – Build out
08:19 Ste 6 – the search for more money
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