How cannabis companies use risk management to scale quicker
Added on 01 March 2023
According to a report from New Frontier Data, the cannabis industry is expected to grow at a rate of 11% between 2020 and 2030. This makes 2023 an ideal time to launch a cannabis startup. But like any other industry, cannabis businesses would need to manage their risks and ideally opt for cannabis insurance.
Let’s have a detailed look at various risks and how effective risk management can lead your cannabis startup to scale quickly.
4 Primary Risks Cannabis Businesses Face
Every cannabis company, whether it’s a startup or it’s matured, faces a list of risks that can slow down its overall scaling process.
The first step of any risk management plan is identifying the risks. So, here’s a list of primary risks that cannabis businesses often face.
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