CANNABIS CULTIVATION BUSINESS PLAN

Posted on 31 January, 2022 by Micheal Alexander

As the cannabis industry grows, so does the competition and the investment needed to start. It is required to have an address on the application of where you intend to set up your facility. This allows the licensing committee to verify the location meets all the requirements and restrictions. However, this also means you will need to have the place rented out or purchased before the application is submitted. Cannabis businessplans Canada

Total production will depend on the strain selected, the growing method used, and how well growing conditions are controlled. Total revenue will depend upon the weight and the variety of marijuana grown. The most potent cannabis, with the highest retail price, does not necessarily produce the greatest amounts. There are some varieties that produce in huge abundance but are not as potent or as fragrant, so they don’t command the highest price per pound. Cannabis business plan sample Canada

Roughly, there are three options to grow cannabis: outdoor, indoor and greenhouses. Outdoor cultivators produce one harvest per year in the fall, whereas indoor cultivators produce year-round and can generate between 3 and 12 harvests per year.  Greenhouse cultivators combine elements of both – exploiting natural light, while leveraging infrastructure and technology – to produce between 1 and 6 harvests per year, though sophisticated, well-equipped greenhouses can run year-round on schedules analogous to indoor production.