An exit strategy is a crucial consideration when starting a new business in the industry, as it helps you plan for the future and maximize the value of your investment. Here are some key aspects to consider when developing an exit strategy for your cannabis company.
Define Your Goals
The first thing you’re going to want to do when planning your exit strategy is to determine your desired outcome. Would you ideally like to sell the business for a profit? Pass it on to a family member or partner? Or go public through an initial public offering (IPO)? Now is the time to clarify your goal so you can best plan your strategy.
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