Cannabis Retail businessplan Canada

Prime Minister Justin Trudeau says recreational cannabis will become legal in Canada on October 17th, 2018. Ontario is delaying the launch of private cannabis sales in bricks-and-mortar stores until April 2019. Alberta and Saskatchewan are approving privately run stores; British Columbia is considering a more flexible system of outlets, including “government liquor stores, private liquor stores or other variations of retail operations”; New Brunswick and Nova Scotia plan to have cannabis sold via provincially operated stores; Manitoba also plans to handle online sales using a public system but would allow retail stores to be operated by the private sector; Quebec plans to sell through its government-run alcohol agency. Legal sales are expected to reach $4.9 billion by 2022, according to a report published Monday by Arcview Market Research and BDS Analytics. Cannabis Retail businessplan Canada

CANNABIS RETAIL BUSINESS PLAN TEMPLATE

Profit margins in the retail side of the cannabis industry are more modest than for other types of cannabis business due in part to the fact that average startup costs for retailers are higher than other sectors of the cannabis business. Median operational costs for retailers are also the highest in the industry, at around $600,000 annually. Cannabis Business Canada

Cannabis retail business conditions differ from province to province and if you have planned to set up your own cannabis store business, then you must comply with the laws of your particular province. Licensing requirements will also depend on the type of business you wish to start. Someone who operates a grow house will require a completely different type of license than someone who owns a cannabis store.