CANNABIS BUSINESS PLAN SAMPLE

A cannabis business plan is usually a requirement for investors and license applications. Investors want to be sure that their investment will pay off, and governments want to see that your decision to start a cannabis business is thought through every step of the way. Your business plan is the tool you will use to convince people that working with you or investing in your company is the smart choice. Any business starts with an idea, but the most important step is to create a detailed financial model that reflects real conditions. Our cannabis financial model uses a mix of assumptions to estimate all revenue and cost line-items monthly over a flexible seven year period, and then sums the monthly results into quarters and years for an easy view into the various time periods to create a set of financial statements, consisting of cash flow, income statement, and balance sheet, which allows you to build a complete financial plan as a part of your cannabis business plan. Cannabis testing business

Spending on legal cannabis worldwide is expected to reach about $50 billion by 2025 at a compound annual growth rate (CAGR) of 20% from 2020 and hit $57 billion by 2027, while cannabis market in the United States and Canada is estimated to be about $46.5 billion and other $10.5 billion would go to other markets.

The North America legal cannabis market amounted to about $35 billion in 2022 with the compound annual growth rate (CAGR) at 20%. The U.S. legal cannabis sales reached $17.5 billion in 2020 and $25 billion (about $18 billion of adult-use sales and $7 billion for medical sales) in 2021. Experts estimate that 2022 sales passed $30 billion and by 2024 could be as high as $35 billion.