Marijuana Dispensary Business Plan
Marijuana Dispensary Business Plan
There is a quiet revolution going on. A revolution that has been a long time coming. One that’s making average Americans millions of dollars selling a product that’s been around for centuries.
In November of 2016 big cannabis news came in when the United States approved for California, Nevada, Arizona, Massachusetts, and Maine to legalize the use of recreational marijuana. Just as they have already done so in Colorado. Other states such as Florida, Montana, North Dakota and Arkansas, got approved for the use and sale of medical marijuana. This is bound to occur since most states already have the rule implemented in their states.
According to Forbes, ‘Marijuana Industry Projected To Create More Jobs Than Manufacturing By 2020’
What this means is there is going to be a bigger demand for help in the cannabis business. As the numbers of jobs increase the number of money coming in the business is going to be much more. The legal cannabis market was worth an estimated $7.2 billion in 2016 and is projected to grow at a compound annual rate of 17%. Medical marijuana sales are projected to grow from $4.7 billion in 2016 to $13.3 billion in 2020. Adult recreational sales are estimated to jump from $2.6 billion in 2016 to $11.2 billion by 2020.
Need a professional business plan to open your own Medical Marijuana Dispensary? 420 Biz Connect is your team of experts designed to instruct and assist you in creating a professional business plan ready for lenders, government grant agencies, investors, and local banks by following the government approved outline for submitting a business plan. Call us today for more information.