Requirements for microbusiness licenses vary from place to place. For example, the Type 12 license in California is for businesses that do at least three of the following activities at one location: cultivation, manufacturing, distribution (or distribution transport-only), retail (storefront or non-storefront). An adult-use microbusiness in New York must engage in cannabis cultivation and at least one additional licensed activity including processing, distribution, or retail sale. This template includes cultivation and nursery, processing and manufacturing, retail with or without delivery or non-storefront. It works for vertically integrated cannabis business operations however it is flexible enough to be used for only some of them or even for a mono business. https://cannabusinessplans.com/product/cannabis-microbusiness-business-plan-template/
4. 4
New Business Introduction
CANNACULT is a new company in the Colorado cannabis
industry, will have the ability to vegetate up to 150 plants
and flowers concurrently, will grow up to 2 different
strains of cannabis.
CANNACULT is also dedicated to producing cannabis
concentrates/infused products to service the exploding
extracts industry.
CANNACULT brand will include Dispensary/Retail
Store/Online Store in Location, where our customers will
enjoy shopping in a beautiful environment that inspires
healing, creativity and comfort.
CANNACULT is to be organized/formed as a Limited
Liability Company (LLC)/Corporation and will be led by …,
who will serve as CEO / Owner. Produce and sell the highest-quality
cannabis products.
Own and operate cannabis cultivation and
extraction/manufacturing facilities in the
state of Colorado. Utilize cutting edge and
proprietary growing and extraction
processes.
To build our brand on the core values of
customer service and care, hospitality,
highest standards of quality, honesty,
integrity and community outreach.
MISSION
TECHNOLOGY
PRODUCTS
5. 5
Financial Summary
-$400
-$200
$0
$200
$400
$600
$800
$1,000
Year 1 Year 2 Year 3
Thousands
Revenue Net Income
$0 $100 $200 $300 $400
Year 1
Year 2
Year 3
Year 4
Year 5
Thousands
Cash Flow (ending period)
From a total investment of $000,000, Company is expected to generate nearly $000,000 in gross
revenues with pre-tax income of nearly $000,000 in Year 3, its first full year of operations. Revenues
are expected to grow to nearly $000,000 in Year 4 and $000,000 in Year 5, with pre-tax income of
nearly $000,000 and over $000,000, respectively.
7. 7
Mission Statement
To provide high-quality cannabis
products to the qualified customers
Main Goals:
A. To grow some of the best cannabis strains/plants.
B. To produce high-grade cannabis products and build a
recognizable brand in a rapidly growing industry.
C. To be fully compliant with all state and local municipalities
and be ready for expansion.
D. To have the CANNACULT brand become a trusted
household name locally for high quality cannabis products.
E. To align ourselves with investors and partners who share
our values.
8. 8
Business Objectives
Own and operate cannabis cultivation
facilities in the state of Colorado.
Lookout for ways to improve our
processes and maximize our returns on
the cannabis plants we use.
Getting a Cannabis
Cultivation license
Maintaining exemplary
production standards and
focusing on producing unique,
high quality, cannabis-
concentrate medication.
Getting a Cannabis
Manufacturing license
Monthly sales and capacity increasing
steadily throughout the first year. To
open our store by the end of the
20XX year.
Net annual income to support
operational expenses
To build our brand on the core values
of customer service and care,
hospitality, highest standards of
quality, honesty, integrity and
community outreach.
To provide cannabis customers
with a product and service, they can trust
01 02
03 04
11. 11
Start-Up Assets & Use of Funds
Start-Up Assets Quarter 1
Building for cultivation $000,000
Light System, CO2 generators,
A/C system, other equipment for
growing
$000,000
Extraction equipment $000,000
Manufacturing equipment $000,000
Other equipment $000,000
Building for equipment $000,000
Store Building and Equipment $000,000
Security System $00,000
Total $000,000
Total Use of Funds $000,000
Use of Funds
Assets $000,000
Direct costs, cultivation $000,000
Direct costs, processing &
manufacturing
$000,000
Operating expenses, first 6
months
$000,000
Salaries $000,000
13. 13
Product & Services
Cultivation
Company will have the
ability to vegetate up to 000
plants and flowers
concurrently, will grow up
to 0 different strains.
Description:
Manufacturing
We will produce own line
cannabis concentrates
and cannabis-infused
products.
Description:
Retail
Company will sell dried
cannabis, cannabis
concentrates, edibles and
topicals as own product line.
Description:
14. 14
Products Revenue Structure
We will strive to provide our clientele with
both high-end and affordable cannabis
products. We want to build a brand that
our customers will count on for
professionalism, consistency, quality, and
innovation.
% of Revenue by Product Category:
revenue
Dried Cannabis
Cannabis Concentrates
Edibles & Topicals
Accessories
16. 16
North America Market Growth
The North America legal cannabis market amounted to about $28.3 billion in 2021, growing by over 40% on the
year. The largest market was the United States, which totaled almost $25 billion. It was followed by Canada
with over $3 billion. Analysts estimate the overall cannabis market for legal adult-use and medical sales in
North America reached $33.5 billion in 2022 with the compound annual growth rate (CAGR) at nearly 20% and
as more states legalize cannabis for recreational use and existing markets mature, will grow to $46.5 billion five
years later based on the Arcview Market Research report.
0
3
6
9
12
15
18
21
24
27
2018
Billion
$
Medical
Recreational
0
3
6
9
12
15
18
21
24
27
2020
0
3
6
9
12
15
18
21
24
27
2021
21% 38% 33% 19%
0
3
6
9
12
15
18
21
24
27
2019
0
3
6
9
12
15
18
21
24
27
2022
42%
17. 17
Cannabis Legalization in the U.S.
40 states, the District
of Columbia, Puerto
Rico, Guam, the
Northern Mariana
Islands, and the U.S.
Virgin Islands have
effective medical
cannabis laws, and 24
states, the District of
Columbia, Guam, and
the Northern Mariana
Islands now allow
cannabis for
recreational use.
Legal cannabis sales reached $10.3 billion in 2018. That
represents a 22.4% increase over 2017.
The U.S. legal cannabis sales totaled $13.6 billion in 2019 and
$17.5 billion in 2020 according to the Arcview/BDS report.
The U.S. legal cannabis sales amounted $25 billion in 2021 and
experts estimate that 2022 sales passed $30 billion and by
2024 could be as high as $35 billion.
medical
recreational
18. -
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
Jan-18
May-18
Sep-18
Jan-19
May-19
Sep-19
Jan-20
May-20
Sep-20
Jan-21
May-21
Sep-21
Jan-22
May-22
Sep-22
Jan-23
May-23
Sep-23
Outdoor Greenhouse Indoor Spot Index
18
Cannabis Benchmarks
While there was some volatility last year, the national average
flower price showed greater stability compared to 2022
The U.S. Spot increased by 11% from the
opening to the closing week of 2023, indoor
flower was up 11%; greenhouse product’s
national price was up 13%; and outdoor
flower’s price represented an 8% premium.
Additionally, for Q4, the national composite
rate averaged $1,072 per pound, up 9%
compared to the quarterly average price of
$984 per pound, documented in the same
period in 2022.
2017 U.S. Spot Index average = $1,562
2018 U.S. Spot Index average = $1,194
2019 U.S. Spot Index average = $1,286
2020 U.S. Spot Index average = $1,473
2021 U.S. Spot Index average = $1,490
2022 U.S. Spot Index average = $1,104
2023 U.S. Spot Index average = $1,029
19. -
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
0
5
10
15
20
25
30
35
40
45
2016 2018 2020 2022 2024 2026
billion
$
Dispensary/Store Sales
Additional Economic Impact of Dispensary/Store Sales
19
It is estimated that overall retail sales surpassed $30
billion in 2022 and by 2024, could rise between $32.5
billion and $35 billion, nearly a threefold increase from
annual sales in 2019. Retail cannabis sales are
projected to reach $45 billion to $50 billion by 2030,
driven in large part by the opening of new markets for
recreational cannabis. The total economic output from
legal cannabis is projected to grow 300% from $16
billion in 2017 to $70 billion by 2024.
Cannabis Retail Sales
Sources: MJBizdaily Factbook, Arcview Market Research, BDS Analytics
0 200,000 400,000
Plumbers, pipefitters
Bank Tellers
Cannabis Industry
Insurance sales agents
Machinists
Hairstylists, barbers,
cosmetologists
The industry employed 211,000 people in 2019 and the
number of full-time cannabis employees grew 17% to
243,700 in 2020. In 2022, 107,059 new jobs were created
compared to 77,300 in 2021. There were 428,059 people
employed in the cannabis industry, compared to 321,000
in 2021. The 2023 Vangst Jobs Report reveals there were
417,493 full-time jobs supported by the legal cannabis
industry in the US in 2023, a 2% drop in employment since
early 2022.
Source: U.S. Bureau Of Labor Statistics Employment
20. 20
Flowers
1
Edibles
3
2
All Others
4
Concentrates
In 2014, cannabis products made from extracts
composed just 28.9% of sales in Colorado and
Washington, according to BDSA. In 2019, in the
three oldest recreational markets combined
(Colorado, Oregon and Washington), these
products share surpassed unprocessed cannabis
sales with 49.8% of sales.
Key insights from a report produced by a data
analytical company Headset revealed that
between 2020 and 2021, flower represented 50%
of the total sales volume growth in the U.S. but
contributed less than 45% from 2021 to 2022
according to a report from New Frontier Data.
Demand for cannabis
concentrates and edibles is
exploding
Concentrates and Infused Products Sector
Trend sample in Colorado
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2015
Q1
2015
Q4
2016
Q4
2017
Q4
2018
Q4
2019
Q4
2020
Q4
2021
Q4
21. 21
Colorado Cannabis Market
Colorado's market exceeded
$1.5 billion in 2023
Cannabis in Colorado has been legal for medical use since 2000 and
for recreational use since late 2012. Colorado became the first state
to approve 280E deductions in 2014, that allows cannabis companies
to deduct business expenses from their state income taxes.
Colorado’s retail sales in adult-use and medical dispensaries
combined grew from $675 million in 2014, to about $2.19 billion in
2020 and $2,229 million in 2021, including $404 million medical and
$1,825 million recreational cannabis sales.
Cannabis consumers spent $1,769 million in 2022, including $231
million medical and $1,538 million recreational cannabis sales,
according to data from the Department of Revenue’s Marijuana
Enforcement Division. Cannabis sales averaged $2.30 million ($2.79
million in 2021) per retail location in Colorado’s adult-use market and
$0.59 million ($0.96 million in 2021) per location in the medical
channel. 11 months of 2023 brought in about $1,414 million*.
$0
$500
$1,000
$1,500
$2,000
$2,500
Millions
Medical Adult Use
3%4%
5%
5%
6%
6%
6%
6%
8%
18%
33%
OR
WA
AZ
PA
MA
CO
FL
IL
MI
CA
2022
*Source: https://www.colorado.gov/pacific/revenue/colorado-marijuana-sales-reports
22. 22
SWOT Analyses
Well-equipped rooms can run produce the year-round harvests.
Diversification of business – cultivation, extraction, processing,
manufacturing and retail
STRENGTHS
Positive Negative
Internal
External
Strengths
S
Weaknesses
W
Threats
T
Opportunities
O
Product liability / legal issues
The limitation of the number of Licenses
Lack in professional workforce for a cannabis industry
Marketing and promotional obstacles
WEAKNESSES
High growth industry
Trend toward greater cannabis legalization
The concentrates segment will continue to experience strong demand
There is more room for innovation and iteration in the concentrates
category than any other segment of the industry
OPPORTUNITIES
Enforcement of federal law, uncertainty
Possible Colorado law changing
Large companies
THREATS