Risk Management Plan
This 34-page Cannabis Risk Management Plan is broadly about all of the risks cannabis cultivation businesses face as they acquire licenses and operate their businesses. Cannabis production is a risky business to enter for many reasons, ranging from regulatory challenges to banking problems to the accidental growth of harmful microorganisms in the facility.
Many potential growers or project managers enter the industry only imagining all of the money they'll be making, without spending enough time thinking of the difficulties they'll encounter. This plan will bring cannabis entrepreneurs down to earth in reminding them of the many things that can go wrong and what to protect against as they proceed in their projects.
This business planning Cannabis Risk Management Plan template contains all of the typical sections in any industry's risk management plan, including outlining your risk management strategy, conducting a risk assessment, planning a risk response, describing how you will mitigate risk, planning risk contingency, reporting and tracking risks and processes to address immediate unforeseen risks.
The particularly unique and valuable section of this Risk Management Plan is the "Common Identified Cannabis Production Risks" section. We have described every common risk for cannabis business operations, including potential problems in the major areas of Legal, Financing, Construction, Security, Personnel, Successful Production, and Product Quality.
We also have some useful Appendices for assessing and documenting risks in your own business setting.
See the complete Table of Contents here:
