Custom Business Plans
Developing a business plan based on solid data points is an essential
first step in securing financing or investment.
At present, the medical cannabis market has been estimated to be worth $3bn over the next several years, according to a recent Dundee report, while the recreational cannabis market could reach $6bn to $10bn. This is also in line with the recent Parliamentary Budget Office (PBO) analysis, and which is also corroborated by the Deloitte survey. Benchmarking against the Colorado market yields similar predictions. Although Deloitte’s underlying data set is not available, plugging their survey results into the PBO methodology results in a much larger projection of the recreational cannabis market (closer to $10bn).
Health Canada will review an applicant’s business plan as part of the ACMPR application process because they need to be convinced that the applicant has a reasonable chance of succeeding. They do not want industry partners that will fail, which puts their cannabis inventory at risk for diversion.
Putting together a business plan is an essential first step in securing financing or investment, and the plan has to be based on solid data points. NHP has researched many data points and analyses, which form the foundation of our business plans. Providing a solid plan for build and operation phases leans heavily on our experienced consultants, who are intimately familiar with the equipment and staffing requirements to run a successful operation. No other firm in Canada has such a broad group of expertise that can be plugged into a solid business model – providing our clients with a plan that is both reasonable and convincing.