Three out of four new businesses fail. A simple fact. So if your dream business is more likely to be unsuccessful than successful, why even try?
The formula for launching a successful cannabis business is complex, but everyone needs to start somewhere. Usually this means raising capital, either from friends and family or outside investors. As an investor who has listened to hundreds of pitches from cannabis industry startups, Patrick Rea distilled a list of seven elements he likes to see in investment-ready businesses.