Getting started in the cannabis industry is not easy. The laws and regulations that apply to this industry are different and strict when compared other industries. The fact that cannabis is illegal under the federal law also puts businesses at a greater risk. But despite the risk and the stringent laws, many people are looking to become a part of the industry. The cultivation sector is gaining enormous popularity because growing cannabis is proving to be very lucrative and profitable. Anyone who wants to grow cannabis legally must first obtain cannabis cultivation permits.
The costs for getting started varies and you can expect your start-up costs to be around $250,000. If you are successful with your application for cannabis cultivation permits, then you can expect to shell out millions of dollars. You will need capital to put into investment, purchase of real estate, building facilities, insurance, securing a storefront, security and all other little and big expenses that may come your way. You must remember that even if you have a well-developed business plan, you will find it hard to get financing for your business. The reason is that most banks do not work with cannabis businesses because of the fact that cannabis is an illegal substance federally.
If you are wondering how to open a medical cannabis business, then take our cannabis business workshop at California college for cannabis, in San Diego, Pasadena and Sacramento; Our attorneys and industry leading network of professionals will be hosting a to go over all aspects of cannabis business licensing, start-up and operation.
At 420 College – it all begins with helping YOU to understand what is proper, lawful and appropriate!
Our hands on medical cannabis business start-up seminars or one-on-one consultations are perfect way to get started!
You get an intense 2 days of advanced information about how to start and operate a medical cannabis business in California. Find out how 420 College 2 DAY seminars can help you in your business, click here.