Do you need a great Business Plan for your Cannabis Cultivation Proposal or Retail Outlet?
Our writers produced the first Cannabis related Business Plan way back before turn of the millennia. That was when the federal government changed the the regulations on access to cannabis for medical purposes, (established by Health Canada in July of 2001).
Custom, complete and professional business plans.
They include: pro forma financials and projections to help you figure out how much it will cost to start your business. Know how much money you can make by operating your 100% legal. Health Canada, Provincial and municipally compliant; medical and retail recreational marijuana business.
There are three types of businesses that you’ll be able to run. They are organized by types of licenses that you’ll be able to get:
- Cultivation license;
- Processing license;
- Federal sales license.
Alongside these three, there will also be two more that are mostly created for research and development, as well as product analysis.
Cultivation license
The first type is a cultivation license. There are 4 classes of cultivation licenses that you can get. Each of them serves a different purpose. Keep in mind that these licenses are business licenses, and not for growing at home. Licensed activities cannot be conducted in a dwelling-house as per federal regulations.
Licenses available in these four categories are:
- Standard;
- Micro;
- Nursery;
- Hemp.
A standard license is the most demanding of the four. This is the type of license that future licensed producers apply for. The requirements for applying for this license are of the highest levels because the future producer will be held responsible in front of the federal government if any malpractice happens.
Micro-cultivation licenses are better suited for those that planning on making a small-time cannabis business. They are awarded for businesses with growing space that is under 200m2 in size.
If you were to be awarded with a micro-cultivation license you would be allowed to produce plants and seeds. You would NOT be allowed to sell them if you didn’t also apply for a processing and a sales license.
Processing licenses
If you plan on making cannabis products, no matter if that’s extracting rosin or BHO, making cannabis cigars—you’ll need a processing license.
There are two types of cannabis processing licenses in Canada:
- Micro-processing license;
- Standard processing license.
These don’t go the other way around, so if you want one or the other you’ll have to scale up or down, depending on your needs. Requirements for both of the processing licenses are the same, and the only difference is based on the size requirement.
Retail Sales license
As for the sales of cannabis, the whole industry is unified in the sense of the license required to commence sales. Since most businesses that sell cannabis have cannabis on location, we won’t even mention the other type which is for businesses without cannabis on site.
The federal sales license will significantly increase the costs of acquiring a license if you plan on running a small business. It will allow you to sell both recreational and medical cannabis. It is however one of the harder ones to obtain due to all the security requirements.
In addition to the requirements for a micro or nursery license, you’ll have to provide proof of visual monitoring in the form of a yearly record, and some type of alarm system. This goes for both monitoring on the perimeter and within the site. You will also have to keep track of every person entering or exiting the area in which you are storing cannabis.
Latest news for BC Non-Medical (recreational) : https://www2.gov.bc.ca/gov/content/employment-business/business/liquor-regulation-licensing/non-medical-cannabis-licenses
