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May 10, 2022

Six Essential Steps To Start A New Cannabis Business


As more and more states legalize the plant, cannabis businesses – even existing ones – are presented with more profit-earning potential.

But before you start any business, you need to have some idea of what the industry landscape is like: What's the earning potential? What risks will you face? Who's your competition?

Given the cannabis industry’s relatively short history -- and with new states coming online all the time -- the industry is always changing and evolving. Which means for both the brand new cannabis entrepreneur and those who have been in business for a while, there's a lot to think about.

If you’re ready to start a budding cannabis business, this episode is for you. And, if you've already set up your company and have been operating for a while Chip talks about some important aspects of your cannabis business to consider (bonus, it’s not too late).

Having just passed our six-month anniversary, our gift to you is pulling the top tips and tricks from several previous episodes and packaging them up into one episode of what you need to know before starting a cannabis business and the steps to take if you decide to enter the cannabis industry.

Plus, we'll have our "News of The Day" segment.

Want to learn more about anything discussed in this week's episode? Send an e-mail to chip@thegreenleafcpa.com and let's discuss!

In the order they're discussed, here are the episodes mentioned this week
(hint, listen to these next):
Episode 07 - How to Build and Sell Your Cannabusiness Like A Boss
Episode 01 - The 10 Reasons Why Investors Pass on Investing in Your Cannabis Business
Episode 13 - Avoid These 5 Mistakes In Setting Up Your Cannabis Company
Episode 06 - What To Do When a Potential Investor Wants to Write You a Check
Episode 11 - How to Legally Beat 280E While Still Protecting Your Cannabusiness

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Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to t