A business plan for a marijuana dispensary will need to have the same basic elements as a traditional business plan. Typically, this means having the following sections:
- Executive Summary
- Market Analysis
- Organizational Structure and Management
- Product Line Description
- Marketing Plan
- Growth Projections
- Financial Projections for the next 3–5 years
Where the marijuana market is nuanced in that this is a newly legal area and is subject to changing laws and restrictions. In addition to the above, you will need to have information about the impact of recent and proposed legislation and how you will handle regulatory compliance.
As you start your business, it would be helpful to consult with a startup attorney familiar with the developing marijuana industry. A skilled practitioner can help you see obstacles the might otherwise dissuade investors or lenders and help you articulate how your business can overcome these potential impediments. They will be able to help you find the ideal structure for your business and ensure that your business plan complies with all applicable California state laws.
If you would like to be connected to a California attorney that can assist you with your business plan,can set up a free consultation with one of the vetted attorneys in our network. You will have the opportunity to discuss your general business concept and get feedback about the pitfalls you need to avoid and how the attorney can support you as you start your business.