Are you about starting a marijuana edibles business? If YES, here is a complete sample marijuana edibles business plan template & feasibility report you can use for FREE. Okay, so we have considered all the requirements for starting a marijuana edibles business. We also took it further by analyzing and drafting a sample marijuana edibles marketing plan template backed up by actionable guerrilla marketing ideas for marijuana edibles companies. So let’s proceed to the business planning section.

Why Start a Marijuana Edibles Business?

With the favorable legislature towards marijuana, loads of businesses have been springing up and one of such businesses is the production of marijuana edibles. As an aspiring entrepreneur, if you have the required startup capital, experience and skills, then you should consider starting your own marijuana edible company.

Marijuana food products are on the rise and it is forecasted to be the hottest movement in the specialty food industry. Various retailers already offer pot-infused pastries, candies and other food items, as producers continue to play a larger role within the billion – dollar specialty food industry.

The truth is that it is one thing to have a fantastic idea cum business plan, but another thing for the business plan to translate to profits, that is why it is important to assemble a team of experts to work with if you want to be successful with your marijuana edible production business.

Below is a sample marijuana edibles production business plan template that will help you successfully write yours with little or no stress.

A Sample Marijuana Edibles Business Plan Template

1. Industry Overview

Marijuana edible which is also referred to as cannabis-infused food, is a food product that contains cannabinoids, especially tetrahydrocannabinol (THC). Even though edible may refer to either a food or a drink, a cannabis-infused drink may be referred more to a liquid edible or drinkable. In U.S. states that have legalized cannabis for recreational use, drinks were about 4 percent of the cannabis market in 2014 but had fallen to around 1.5 percent of the market in 2016.

Most edibles contain a significant amount of THC, which can induce a wide range of effects, including relaxation, euphoria, increased appetite, fatigue, and anxiety. THC-dominant edibles are consumed for recreational and medical purposes.

Some edibles contain a negligible amount of THC and are instead dominant in other cannabinoids, most commonly cannabidiol (CBD). These edibles are used for medical purposes only. Foods and beverages made from non-psychoactive cannabis products are known as hemp foods.

Marijuana edible business falls under the Global Food, Fruit and Vegetables Processing industry and a recent report published by IBISWorld shows that the Global Food, Fruit and Vegetables Processing industry has experienced consistent demand over the five years to 2017, as economies of every size continue to consume processed food, fruits and vegetable products.

Demand has grown particularly fast in developing economies, as industrial growth has translated into greater urbanization, higher per capita income and expansion in the size of the middle class. As the global middle class has grown, it has demanded larger quantities of higher quality and more diverse food.

Over the five years to 2022, industry revenue is expected to expand. Industry demand is expected to increase as producers focus on nutritious ingredients and less invasive processing techniques to keep products as organic as possible.

The report further revealed that the production of processed food, fruits and vegetables occurs in all regions of the globe. Low-tech food, fruit and vegetable processors, such as fruit driers, exist in almost every country in the world. However, high-tech, large-scale fruit and vegetable processing operations are concentrated primarily in Europe and Asia.

These continents dominate the Global Food, Fruit and Vegetables Processing industry due to the fact that industry operations have been established in these areas for a very long time, enabling time for the development of major companies and advanced food processing technology.

The Global Food, Fruit and Vegetables Processing industry is indeed a very large industry and pretty much thriving in all parts of the world especially in developed countries such as united states of America, Canada, United Kingdom, Germany, South Korea, China, Australia and Italy et al.

Statistics has it that in the world, there are about 32,123 licensed and registered food, fruit and vegetable processing companies directly responsible for employing about 507,446 employees. The industry rakes in $290 billion annually with an annual growth rate projected at -0.1 percent. It is important to state that Kraft Heinz is the establishment with a lion share of the available market in this industry.

If you are looking towards leveraging on the Global Food, Fruit and Vegetables Processing industry to generate huge income, then one of your best bets is to start a marijuana edible company. If you are able to conduct your market research and feasibility studies, you are likely not going to struggle to sell your products.

2. Executive Summary

Green Foods® Marijuana Edibles, Inc. is a licensed marijuana edible production company. The company will be based in the outskirts of Fort Wayne, Indiana – United States. We have done our detailed market research and feasibility studies and we were able to secure a portion of land to open our marijuana edible processing plant.

We are starting our marijuana edible business because we want to leverage on the recent interest in cannabis-infused food and also to export marijuana edibles from the United States to other countries of the world.

Green Foods® Marijuana Edibles, Inc. is well positioned to become one of the leading marijuana edible production companies in the United States of America, which is why we have been able to source for the best hands and machines to run the company with.

We have put processes and strategies in place that will help us employ best practices when it comes to marijuana edible production as required by the regulating bodies in the United States of America.

At Green Foods® Marijuana Edibles, Inc., our customer’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.

Green Foods® Marijuana Edibles, Inc. is a private registered marijuana edible production company that is owned by Mr. Jerry Hamilton and his immediate family members. The company will be fully financed by the owner – Mr. Jerry Hamilton for at least for a period of time.

Before starting Green Foods® Marijuana Edibles, Inc., Mr. Jerry Hamilton worked with some of the leading food and fruit processing companies in the United States of America. He has over 20 years’ experience in the industry and a Degree in Biotechnology from the Indiana State University.

3. Our Products and Services

Green Foods® Marijuana Edibles, Inc. is a standard marijuana edible production company that is committed to producing marijuana edible and drinks products for both the United States’ and the global market. We are in the global food, fruits and vegetable processing industry to make profits and we are going to do all we can to achieve our business goals, aim and objectives.

Here are some of our products;

  • Cannabis-infused baked goods such as hash cookies, pot brownies, and space cakes
  • Cannabis-infused drink
  • Capsule containing THC or CBD (that is not sold as a regulated pharmaceutical is also considered an edible and provides the same effect as food and drink)
  • Cannabis tincture (It is an alcoholic extract of cannabis)
  • Cannabis oil (cooking oil that has been infused with cannabinoids by mixing cannabis with the heated oil).
  • Cannabis-infused butter, or cannabutter (It is a cannabis-infused ingredient used in many cannabis edibles).

4. Our Mission and Vision Statement

  • Our Vision is to become a household name and to have our marijuana edible products in supermarkets not just across the United States of America but also on the global stage.
  • Green Foods® Marijuana Edibles, Inc. is a world class marijuana edible production company that is committed to produce cannabis-infused food and drinks for both the United States’ and the global market. We want our cannabis-infused food and drink to flood the nooks and crannies of the United States and other countries of the world.

Our Business Structure

Green Foods® Marijuana Edibles, Inc. is a privately owned and managed marijuana edible business that intends starting small in Fort Wayne – Indiana, but hopes to grow big in order to compete favorably with leading cannabis-infused food and drink production companies

We are aware of the importance of building a solid business structure that can support the kind of business we want to own, which is why we are committed to only hire the best hands within our area of operation. At Green Foods® Marijuana Edibles, Inc., we will ensure that we hire people that are qualified, hardworking, creative and are ready to work to help us build a prosperous business.

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Operating Officer
  • Marijuana edible Production Plant Manager
  • Human Resources and Admin Manager
  • Accountant / Cashier
  • Sales and Marketing Executive
  • Food Processor
  • Front Desk Officer

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

  • Responsible for increasing management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results
  • Responsible for creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for fixing prices and signing business deals
  • Responsible for providing direction for the business
  • Responsible for creating, communicating, and implementing the organization’s vision, mission, and overall direction
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization.

Marijuana Edible Production Manager

  • Responsible for overseeing the smooth running of marijuana edible production
  • Part of the team that determines the quantity of products that are to be produced
  • Maps out strategies that will lead to efficiency amongst workers in the plant
  • Responsible for training, evaluation and assessment of plant workers
  • Ensures that the steady flow of both raw materials to the plant and easy flow of finished products through wholesale distributors to the market
  • Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
  • Ensures that the plant meets the expected safety and health standard at all times.
  • Providing advice on the management of plant activities across all sections
  • Responsible for carrying out risk assessment in the plant
  • Responsible for overseeing the accounting, costing and sale of processed products
  • Represent the organization’s interest at various stakeholders’ meetings

Human Resources and Admin Manager

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
  • Defining job positions for recruitment and managing interviewing process
  • Carrying out induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Oversee the smooth running of daily office activities.

Accountant/Cashier:

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting for one or more properties.
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensuring compliance with taxation legislation
  • Handles all financial transactions for the company
  • Serves as internal auditor for the company

Sales and Marketing Manager

  • Manage external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
  • Model demographic information and analyze the volumes of transactional data generated by customers
  • Identifies development opportunities; follows up on development leads and contacts
  • Writing winning proposal documents, negotiate fees and rates in line with organizations’ policy
  • Responsible for handling business research, market surveys and feasibility studies for clients
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Create new markets cum businesses for the organization
  • Empower and motivates the sales team to meet and surpass agreed targets

Food Processor

  • Follow recipes and formulas to produce marijuana edibles that have a very specific texture, color, flavor and clarity.
  • Record test and production data for every product batch
  • Measure, weigh and select ingredients with the assistance of balance scales and English or metric measures.
  • Monitor and listen to equipment to detect audible or visual signs of malfunctions, including plugs, leaks and other failures. Report any malfunctions or quality issues immediately to supervisors.
  • Clean and sterilize factory processing areas and food production vats daily.
  • Handles any other duties as assigned by the line manager

Front Desk/Customer’s Service Officer

  • Welcomes guests and clients by greeting them in person or on the telephone; answering or directing inquiries.
  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the manager in an effective and timely manner
  • Consistently stays abreast of any new information on the company’s products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients
  • Receives parcels / documents for the company
  • Distribute mails in the organization
  • Handles any other duties as assigned by the line manager

6. SWOT Analysis

Green Foods® Marijuana Edibles, Inc. does not intend to launch out with trial and error hence the need to conduct a proper SWOT analysis. We know that if we get it right from the onset, we would have succeeded in creating the foundation that will help us build a standard marijuana edible production company.

We engaged the services of a professional in the area of business consulting and structuring to assist our organization in building a well – structured marijuana edible production company that can favorably compete in the highly competitive global food, fruit and vegetable processing industry in the United States.

Here is a summary from the result of the SWOT analysis that was conducted on behalf of Green Foods® Marijuana Edibles, Inc.;

  • Strength:

Our strength as a marijuana edible production company is the fact that we have healthy relationships with loads of major players in the industry within and outside of the United States of America. We have some of the latest cannabis-infused food and drinks processing equipment. Aside from our relationship (network) and equipment, we can confidently boast that we have some the most experienced hands in the industry in Fort Wayne – Indiana in our payroll.

  • Weakness:

Our weakness could be that we are a new marijuana edible production company in the United States, and it might take us sometime to penetrate the market. We are aware of this and from our projections will overcome this weakness with time and turn it to a major advantage.

  • Opportunities:

The opportunities that are available to us as a standard marijuana edible production company is unlimited, we know that there are loads of businesses and individuals that can’t do without daily supply of cannabis-infused food and drinks. In some U.S. states that have legalized cannabis, edibles have experienced a dramatic rise in sales. We are well positioned to take advantage of this opportunity.

  • Threat:

The major threat that will confront us based on our research is the fact that there is growing concern about the dangers these edibles pose to children and inexperienced cannabis consumers, who may easily ingest too much at once, possibly not even realizing the food has been infused. So also, calls to poison control have dramatically increased since 2008 due to dogs ingesting edibles.

7. MARKET ANALYSIS

  • Market Trends

If you are conversant with the food industry, you will notice that the different food consumption patterns have had varied effects in different countries. Cannabis-infused food and drinks companies have introduced healthier and organic products to fight competition especially as it relates to eating to fight certain medical conditions or sickness.

For example, in 2014, more than 1.5 million shoppers purchased legal marijuana edibles from a dispensary, either recreational or medical. Five states have marijuana markets that are larger than $100 million. Colorado and Washington were the first states to open retail marijuana shops in the United States, and had a combined consumer that purchased marijuana products worth $370 million from 2014.

As a matter of fact, there are swings in the food related industry, canned food, fruit and vegetable producers are more insulated from agricultural price swings and organic food sales have posed a significant competitive challenge to many industry players.

The global food, fruits and vegetable processing industry has grown steadily over the last five years as food, fruits and vegetable processing companies have adapted to the rapidly changing consumer preferences and lifestyle.

8. Our Target Market

Those who benefits from the business value chain of the global food, fruits and vegetable processing industry is all encompassing. North America is the largest market for cannabis-infused food and drinks products. In view of that, we have positioned our business to attract consumers of cannabis-infused food and drinks not just in the United States of America alone but also other parts of the world.

We have conducted our market research and survey and we will ensure that we meet and surpass the expectations we set for the business. Below is a list of the people and business that we will market our processed and well packaged foods to;

  • Medical marijuana dispensaries
  • Those with severe pain, insomnia, anxiety, glaucoma, HIV/AIDS, epilepsy, nausea, cancer, and any other ailments that the physician deems that the use of the medical marijuana is fit for
  • Middle aged people – who are usually working stressed from work and may have insomnia.
  • The aged who might suffer from severe joint pains, and every other age category that falls under the conditions listed by the physician.

Our competitive advantage

A close study of the global food, fruits and vegetable processing industry reveals that the market has become much more intensely competitive over the last decade. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry.

We are aware of the stiff competition and we are prepared to compete favorably with other marijuana edible production companies in Fort Wayne – Indiana and throughout the United States. Part of what is going to count as competitive advantage for Green Foods® Marijuana Edibles, Inc. is our access to high quality inputs, attractive product presentation, economies of scale and the vast experience of our management team.

We have people on board who understand how to grow a business from the scratch to becoming a national phenomenon. So also, we have healthy relationships with major players (cannabis-infused food and drinks distributors and merchants) in the industry within and outside of the United States of America.

We have some of the latest cannabis-infused food and drinks processing equipment. Aside from our relationship and equipment, we can confidently boast that we have some the most experienced hands in Fort Wayne – Indiana in our payroll.

Our employees will be well taken care of, and their welfare package will be among the best within our category in the industry, meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our objectives. We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.

9. SALES AND MARKETING STRATEGY

Our sales and marketing team will be recruited based on their vast experience in the cannabis-infused food and drinks line of business and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall business goal of Green Foods® Marijuana Edibles, Inc.

Over and above, we have perfected our sale and marketing strategies first by networking with groceries stores, pharmacies, dispensaries and other key stakeholders who are likely to become our customers. In summary, Green Foods® Marijuana Edibles, Inc. will adopt the following strategies in marketing our cannabis-infused food and drinks;

  • Introduce our business by sending introductory letters alongside our brochure to groceries stores, pharmacies, dispensaries and other key stakeholders et al.
  • Advertise our cannabis-infused food and drinks in related magazines and websites
  • List our business on yellow pages ads (local directory)
  • Attend related cannabis-infused food and drinks expos, seminars, and business fairs et al
  • Open our company with a party so as to capture the attention of residents who are our first targets
  • Leverage on the internet to promote our business
  • Engage in direct marketing
  • Encourage the use of Word of mouth marketing (referrals)
  • Join local chambers of commerce and industry with the aim of networking and marketing our products

Sources of Income

Green Foods® Marijuana Edibles, Inc. is in the business for the purpose of maximizing profits hence we have decided to explore all the available opportunities within the cannabis-infused food and drinks business to achieve our corporate goals and objectives. Below are the sources we intend exploring to generate income;

  • Cannabis-infused baked goods such as hash cookies, pot brownies, and space cakes
  • Cannabis-infused drink
  • Capsule containing THC or CBD (that is not sold as a regulated pharmaceutical is also considered an edible and provides the same effect as food and drink)
  • Cannabis tincture (It is an alcoholic extract of cannabis)
  • Cannabis oil (It is a product based in cooking oil that has been infused with cannabinoids by mixing cannabis with the heated oil).
  • Cannabis-infused butter, or cannabutter, (It is a cannabis-infused ingredient used in many cannabis edibles).

10. Sales Forecast

One thing is certain, when it comes to the food processing and packaging business, if your products are well – packaged and branded and if your processing plant is centrally positioned and easily accessible, you will always attract customers and sales.

We are well positioned to take on the available market in Fort Wayne – Indiana and every city where our processed food products will be sold and we are quite optimistic that we will meet our set target of generating enough income/profits from the first six months of operations and grow the business and our client base.

We have been able to examine the global food, fruits and vegetable processing industry, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.

Below are the sales projections for Green Foods® Marijuana Edibles, Inc., it is based on the location of our business and other factors as it relates to small and medium scale food, fruits and vegetable processing and packaging company startups in the United States;

  • First Fiscal Year (FY1): $250,000
  • Second Fiscal Year (FY2): $550,000
  • Third Fiscal Year (FY3): $950,000

N.B: This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same products and customer care services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

11. Publicity and Advertising Strategy

Any business that wants to grow beyond the corner of the street or the city they are operating from must be ready and willing to utilize every available means to advertise the business. We intend growing our business which is why we have perfected plans to build our brand via every available means.

Below are the platforms we will leverage on to boost our marijuana edible production company and to promote and advertise our business;

  • Place adverts on community based newspapers, radio and TV stations.
  • Encourage the use of word of mouth publicity from our loyal customers
  • Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Google+ and other platforms to promote our business.
  • Ensure that our we position our banners and billboards in strategic positions all around Fort Wayne – Indiana
  • Give out sample of our products to potential consumers to try out during road shows
  • Distribute our fliers and handbills in target areas in and around our neighborhood
  • Advertise our business in our official website and employ strategies that will help us pull traffic to the site
  • Brand all our official cars and trucks and ensure that all our staff members wear our branded shirts or caps at regular intervals.

12. Our Pricing Strategy

We are aware of the pricing trend in the cannabis-infused food and drinks line of business which is why we have decided to produce various sizes of packaged cannabis-infused food and drinks.

Our prices will conform to what is obtainable in the industry but we will ensure that within the first 6 to 12 months, our products are sold a little bit below the average prices of various marijuana edibles in the United States of America. We have put in place business strategies that will help us run on low profits for a period of 6 months; it is a way of encouraging people to buy into our brand.

  • Payment Options

The payment policy adopted by Green Foods® Marijuana Edibles, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Green Foods® Marijuana Edibles, Inc. will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via credit cards / Point of Sale Machines (POS Machines)
  • Payment via online bank transfer
  • Payment via check
  • Payment via mobile money transfer

In view of the above, we have chosen banking platforms that will enable our clients make payment for the purchase of our cannabis-infused food and drinks. Our bank account numbers will be made available on our website and promotional materials.

13. Startup Expenditure (Budget)

When it comes to calculating the cost of starting a marijuana edible production plant business, there are some key factors that should serve as a guide. The source of the fresh crop, fruits and vegetables and the size of the business determine the total cost of setting up the business.

Below are some of the basic areas we will spend our startup capital in setting up our marijuana edible production plant;

  • The total fee for registering the business in the United States of America – $750.
  • Legal expenses for obtaining licenses and permits (Health department license and business license) and permits (Fire department permit, Air and water pollution control permit, and Sign permit et al) as well as accounting services (CRM software, Payroll software, P.O.S machines and other software) – $15,300.
  • Marketing promotion expenses for the grand opening of the marijuana edible production plant in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
  • The cost for hiring business consultant (including writing business plan) – $2,500.
  • The cost for insurance (general liability, theft, workers’ compensation and property casualty) coverage at a total premium – $30,400.
  • The cost for leasing a large land – $100,000
  • The cost for construction of a standard marijuana edible production plant – $200,000.
  • Other start-up expenses including stationery ($500) and phone and utility (gas, sewer, water and electric) deposits ($6,500).
  • The operational cost for the first 3 months (salaries of employees, payments of bills et al) – $100,000
  • The amount required for the purchase of marijuana and other raw materials – $80,000
  • The cost for store equipment (cash register, security, ventilation, signage) – $13,750
  • The cost of purchase and installation of CCTVs – $5,000
  • The cost for building and hosting a website – $600
  • The cost for our opening party – $8,000
  • Miscellaneous – $5,000

Going by the report from detailed research and feasibility studies conducted, we will need an estimate of five hundred and fifty thousand Dollars ($550,000) to start a standard marijuana edible production plant in the United States of America.

Generating Funds/Startup Capital for Green Foods® Marijuana Edibles, Inc.

Green Foods® Marijuana Edibles, Inc. is a family business that is owned and financed by Jerry Hamilton and his immediate family members. They do not intend to welcome any external business partners which is why he has decided to restrict the sourcing of the startup capital to 3 major sources.

  • Generate part of the startup capital from personal savings
  • Source for soft loans from family members and friends
  • Apply for loan from the bank

N.B: We have been able to generate about $150,000 (Personal savings $100,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $400,000 from our bank. All the papers and documents have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

The future of a business lies in the number of loyal customers that they have, the capacity and competence of their employees, their investment strategy and the business structure. If all of these factors are missing from a business, then it won’t be too long before the business closes shop.

One of our major goals of starting Green Foods® Marijuana Edibles, Inc. is to build a business that will survive off its own cash flow without injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to retail a wide range of our cannabis-infused food and drinks a little bit cheaper than what is obtainable in the market and we are prepared to survive on lower profit margin for a while.

Green Foods® Marijuana Edibles, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

  • Business Name Availability Check: Completed
  • Business Registration: Completed
  • Opening of Corporate Bank Accounts: Completed
  • Securing Point of Sales (POS) Machines: Completed
  • Opening Mobile Money Accounts: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of Insurance for the Business: Completed
  • Leasing of land and building of standard marijuana edible production plant: In Progress
  • Conducting Feasibility Studies: Completed
  • Generating capital from family members: Completed
  • Applications for Loan from the bank: In Progress
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents and other relevant Legal Documents: In Progress
  • Design of The Company’s Logo: Completed
  • Printing of Packaging/Promotional Materials: In Progress
  • Recruitment of employees: In Progress
  • Purchase of processing machines/equipment, furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business both online and around the community: In Progress
  • Health and Safety and Fire Safety Arrangement (License): Secured
  • Opening party/launching party planning: In Progress
  • Establishing business relationship with vendors – key players in the industry: In Progress.
Joy Nwokoro