Starting a Medical Marijuana Business

Starting a Medical Marijuana Business

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:

Planning for Scale

Planning for Scale

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.