As in any business, if you can control your operating expenses you increase the likelihood of being profitable. While this theory holds true for cannabis production, careful consideration of operational expenses can often take a back seat for newly licensed producers.
As an aspiring licensee, one of the first questions you’ll encounter when applying is whether to grow indoors or outdoors. This is a critical question that can dictate capital costs and, ultimately, how you go about growing.
Once you’ve composed yourself from winning a coveted cultivation license, the next major task is hiring the right production team.