Best Entrepreneurial Advice For Commercial Cannabis Cultivators

Setting up a new business requires a lot of passion and a little knowledge. You may need to go the extra mile when breaking into a regulated industry like cannabis. But the opportunity in cannabis cultivation is immense, so entrepreneurs are more than keen to dive in.

As a new cannabis cultivator, you must know the challenges and be willing to overcome them. Moreover, you can pick some discerning ways to stand apart in the competitive landscape. Here is the best entrepreneurial advice for commercial growers looking to make it big.

Know the rules

This one is a no-brainer as cannabis is a legally-regulated industry. You cannot expect to start a growing operation without knowing the laws and regulations in your location. Essentially, you should be in a legal state and follow the zoning rules to stay on the safe side. Also, make sure you stay ahead of the latest updates in regulation because they change more often than you imagine.

Get educated

Growing cannabis commercially is different from a conventional farming operation. Besides the legal requirements, you have to avoid problems with the community. Being discreet is the key as you have to avoid problems due to the distinctive odor of the plant. Ramping up your education will help you deal with the concern whether you grow outdoors or indoors. Likewise, knowing facts about strains, techniques, specifications, and more can give you an advantage.

Explore indoor cultivation

Seasoned growers recommend indoor cultivation as a better approach for beginners. It is discreet and provides better control over the yield and quality of your crop. Once again, education about growing media, nutrients, and climate control can set you up for success. Be ready to invest in growing lights, irrigation systems, and temperature control equipment to maximize the output and quantity. Go the extra mile with plant care and pest control to maintain and manage the crop well enough.

Prioritize sustainability

Commercial growers can stand apart by prioritizing sustainability in operations. While the industry is inherently resource-intensive, there are plenty of opportunities to set up sustainable operations. For example, you can automate irrigation to save water and switch to LED lights to cut energy consumption. A sustainable approach goes beyond reducing the carbon footprint of your farm. You can save a fortune on water and energy bills and help your startup sustain during the early stages.

Build your network

Another valuable piece of advice for new cannabis growers is to build their network. Commercial growing cannot happen in isolation. You will need to collaborate with providers for testing, processing, financing, and transporting your cannabis crop. Retailer partnerships can go a long way in boosting your business. Attend events, network with partners, and build strong relationships to take your venture on the growth route.

Commercial cannabis cultivation is a booming industry. As regulations increase and demand grows, bigger things are in store. But the same reasons make the segment more competitive than ever. Winning in the industry boils down to getting the right start, and these pieces of advice can help.

Dragan Sutevski

Posted by Dragan Sutevski

Dragan Sutevski is a founder and CEO of Sutevski Consulting, creating business excellence through innovative thinking. Get more from Dragan on Twitter. Contact Dragan