The Cannabis Act and the new industrial hemp license set out clear guidelines for hemp. The Cannabis Act clears the way for whole hemp plant utilization. Industrial hemp licenses would authorize the intra-industry sale of leaves, flowers and branches (or the whole plant). That means licensed industrial hemp producers can sell the flower to someone who has permits to process and sell CBD.
According to most recent data from Statistics Canada, there were 14,800 hectares of industrial hemp planted in 2024. Manitoba accounted for around 39% of planted hemp acreage, followed by Alberta (26%) and Saskatchewan (19%). The majority of the hectarage for industrial hemp cultivation was used to grow for grain (a little more than 50%), followed by fiber (around 30%).
Researcher Jan Slaski of InnoTech Alberta has predicted the overall Canadian hemp industry could be worth $1 billion a year.
Canada Hemp Business Plan Sample. Table of Contents.
EXECUTIVE SUMMARY
Project Scope
Market Opportunities
Start-up Summary
Financial Projections
COMPANY DESCRIPTION
PROJECT SCOPE
Mission/Vision/Goal
Objectives
Products & Services
Key Markets
MARKET OVERVIEW
Global Market Overview
Canadian Hemp Industry
Competitive Advantages
Hemp CBD Market Projections and Perspectives
SWOT Analyses
STRATEGY & IMPLEMENTATION
Marketing Plan
Launching Strategy
Sales Forecast
OPERATIONAL PLAN
Location/Facilities
Cultivation Method/Equipment
Physical Security Plan
Packaging and Labeling
Transportation
Tracking Solution
ORGANISATIONAL STRUCTURE & MANAGEMENT
FINANCIAL PROJECTIONS
Direct and Operational Costs
Profit & Loss Forecast
Cash Flow Statement
Balance Sheet
Main Ratios
Funding Analyses
APPENDICES
Income Statements, monthly
Cash Flow Statements, monthly
Floor Plans
We offer professional hemp/CBD business plan templates, including pro forma financials and projections to help you know how much money it will cost to start your business and how much money you can make by starting and operating your 100% legally compliant hemp/CBD business. A Hemp/CBD Business Plan Template includes: Excel financial model that you will be able to edit and customize according to your business needs Word business plan document template, open and editable PowerPoint pitch deck template, open and editable Unlimited support (email)
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