Securing capital for your cannabis venture requires more than just riding the industry wave.
Investors are increasingly selective, demanding comprehensive preparation and clear evidence of business viability.
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Following is a checklist to position your cannabis business for investment success.
1. Develop a rock-solid business plan
Your business plan is the foundation of any funding discussion. Investors need to see that you’ve thoroughly thought through every aspect over your operation.
Essential components include:
Executive summary with clear value proposition. Detailed market analysis and competitive landscape. Financial projections for at least three years. Management team backgrounds and expertise. Operational timeline and milestones. Risk assessment and mitigation strategies.
Also be sure to include a sensitivity analysis showing how your business performs under different market
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