How to Start a Cannabis-Growing Company
The cannabis industry is growing at an ever-increasing pace. Now is a great time to start getting your feet wet. There’s a lot of information out there that you’ll need to know to begin. Let’s get started!
Starting from Scratch
The idea of starting a new business can seem daunting to even the most experienced entrepreneurs. Luckily, with this industry, you don’t have to immediately quit your day job or bet the entire farm on an operation. You can tiptoe into it gradually and see what aspects of the business you really like.
Obtain the Skills
The first thing you need is the know-how. Start off by looking into your local laws. Knowing the ins and outs of your jurisdiction is the key to getting started in the cannabis industry. After this, your next step will be to obtain a license.
What Kind of License Do You Need?
That all depends on your local jurisdiction. Most states will have some type of regulatory body in charge of everything. Some states require you to do it all from start to finish, while others will provide separate licenses, depending on the type of business you want to create.
Best places to grow
Outdoor
One of the best places to grow cannabis is in the great outdoors. They’re best planted in the spring or summer and can be harvested in the fall. However, this will only work if you have the space to plant them and your local jurisdiction allows it.
Indoor
If you don’t have the space or the support of local laws for outdoor growing, you can try growing indoors. This will require indoor lights and a fair amount of research, be it from books or online websites.
Regions
There are several areas in the United States that are ideal for growing cannabis. Northern California, Oregon, and Washington are great areas in the Northwest. The South is another great area to grow, too, particularly Florida, Kentucky, and Tennessee.
Where To Learn How To Grow Cannabis
Get Involved With a Local Company
Direct experience is often the best way to learn anything. Check your area for local businesses that deal with cannabis and see if they’re hiring. There are several types of businesses available to learn from, as the cannabis industry covers a lot of ground:
- Dispensaries
- Cultivators
- Tech Companies
- Distribution Companies
Check Your Local College
Don’t fret it there aren’t any businesses in your area! You might be able to find some expertise at a local college or university. Remember to make the most of your time while there, as it may be a great place to network. Some colleges even have entrepreneur spaces where they will contribute to student-made startups along with providing them with other resources they may need to get their business off of the ground. This could be a great way to enable stability in your company along with creating connections from the beginning.
Starting a cannabis-growing company is a journey where you’ll meet great people and experience a lot of growth. Just make sure to be prepared before you set out!