Business Plans/Pro Formas
In order to convince the investors of your business’s viability and worthwhileness, you will likely need a pro forma and a business plan. Of course, you will need to have a business plan for your State and Municipal applications for a commercial marijuana operator’s license as well. Hunter Green has prepared many business plans, some for investors, others for commercial licensing. Even here, there are efficiencies that Hunter Green can provide. The business plan for State Licensing will be much longer and far more in depth than what many investors are looking for, but much of the information is the same. Hunter Green can provide a business plan that will be compliant for State and Municipal licensing, and another for investors that can be tailored to the issues that investors are looking for, as opposed to what the State or a city, township or village will be looking for from an applicant. Our approach on both sides has been effective. We have closed millions of dollars-worth of deals for businesses, from growers and cultivators to provisioning centers and secured transporters. We have also consulted on many applications, and can say that all licenses to municipalities for licensing our members or principal managers have been involved with have been approved.
Business Plans/Pro Formas Blog
The Michigan marijuana industry is proving to be very interesting at the moment. There are more and more medical marijuana businesses popping up at all times, and it’s becoming a highly profitable business idea.
If you’re interested in investing in this market and starting a business of your own, then here are a few critical points that you must consider:
The cannabis industry is still in its infancy. Not necessarily a “cottage industry” but certainly not nearly as advanced as many agriculturally dependent business marketplaces. However, that infancy has not led to a low-cost entry point when trying plan a commercial marijuana start-up. Equipment is expensive, renovations are often complex and costly because in many cases municipalities limit commercial marijuana businesses to industrial zones, occupied by old factories, which need a lot of work to bring them in line with their new purpose.
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