5 Tips For Starting A Successful Cannabis Business

Want to start your own cannabis business? Here are 5 tips you should know.
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We've interviewed thousands of successful founders at Starter Story and asked what advice they would give to entrepreneurs who are just getting started.

Here's the best advice we discovered for starting a cannabis business:

#1: Bjorn Dawson, founder of Grobo:

We chatted with with Bjorn, founder of Grobo ($250K/month). In our interview, Bjorn says:

We didn’t charge nearly enough. When we finally had the product in production, we were losing hundreds of dollars on each order.

Additionally:

Processes are key. Make a guide for everything you do, and then it’s easy to pass off to someone else as you work yourself out of a job.

Further:

Far too often I talk to prospective entrepreneurs and there’s always some reason that they don’t start their business. Maybe it’s not enough time, not enough money, wanting a co-founder, etc. Just start it.

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Read the full interview ➜

#2: Ellis Smith, founder of American Cannabis Company:

We chatted with with Ellis, founder of American Cannabis Company ($150K/month). In our interview, Ellis says:

Set high hard goals with supporting clear goals to ensure your success.

Additionally:

Read a ton of books on the topic you are interested in. But also read books from other industries that will pique your interest so that you can connect lateral ideas from other industries to your industry of interest.

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Read the full interview ➜

Want to start a cannabis business?

See our full guide ➜