The global cannabis cultivation market is expected to reach $2,903.64 billion by 2034, indicating the increasing acceptance and legalization of cannabis.
Starting a cannabis farm requires careful budgeting and consideration of various factors including land and preparation, seeds or clones, labor costs, equipment and supplies, utilities, licensing and permits, and marketing and sales.
Creating a detailed business plan is crucial to outline financial projections and business operations, including operational procedures, market analysis, sales strategies, and realistic timelines for revenue streams.
Finding financial assistance through small business loans, grants, investors, or crowdfunding is important in setting up a successful cannabis farm.