What to know before starting a hemp business in the State of Georgia.

WHAT TO KNOW BEFORE STARTING A Hemp Business in the State of Georgia In the State of Georgia, cultivating and processing hemp, as well as producing and dispensing hemp oil, is now perfectly legal-as long as you have the proper permits. If you're one of the many Georgia entrepreneurs interested in starting a hemp company, here's a step-by-step guide. 01 Create a hemp buginegs plan. Your hemp business plan should thoroughly cover all the key components of your hemp business. Some of the topics that your business plan should cover are business summary, market opportunities, SWOT analysis, operating expenses, projected profit & loss. 02 Identify the most lucrative markets for your products. Hemp has a wide range of applications. It is strongly advised that you conduct extensive research into the most profitable markets for your products. The market for CBG and CBD oil is only one of many. 03 check Georgiaig Hemp program. You must become acquainted with the Georgia Hemp Farming Act as well as other state laws and regulations. Laws are constantly changing, so make sure you stay up to date with any changes. Apply for a Georgia Hemp permit/ Licenge. The Hemp Processor Permit authorizes the holder to process and treat hemp with a total THC content of less than 0.3 percent. A hemp grower is someone who has been given permission to handle and cultivate hemp. An eligible agricultural producer is required to apply for a hemp grower license. 05 Find the right team memberg. It's important to have the right people on your team if you want to achieve your business objectives. Your team members should not only have ample hemp industry expertise, but they should also have the drive, tenacity, and dignity to move the company forward. 06 Have a good marketing and gales plan. Since hemp is a highly regulated industry, selling it can be difficult. Make sure you read all of the hemp industry's stringent marketing-related guidelines before getting innovative with your company's marketing strategies. 07 never stop learning. Continuous learning is necessary not only to keep up with the hemp industry's fast-paced evolution but also to overcome market challenges. SEE MORE AT: https://suretybondauthority.com/starting-a-hemp-business-in- georgia-heres-what-you-need-to-know/ SURETY BOND AUTHORITY PROFESSIONALISM & INTEGRITY 800-333-7800 www.suretybondauthority.com