My exit strategy


1.     I will sell the company probably to a business or food and resource economics student looking to explore and capitalize on the medical marijuana industry within 5 years of business. A great selling point would be if recreational marijuana ever becomes legal in Florida, Mary Jane’s can expand to anyone 21 or older who uses the substance.

2.     Because I plan to have a career focused in journalism and working for big news organizations, I don’t have any interest in making Mary Jane’s a long-term job or family business. After starting the company and making enough profit to get myself an apartment in a city like New York or Chicago, I will sell the company and solely focus on my reporting career.

3.     In the beginning stages of Mary Jane’s, I was excited for the opportunities, but quickly realized there’s a lot of legalities around this industry. It would take a lot of time and court efforts to receive the licensing I need, but it is doable. Luckily, I have people already in the industry that can help me start up my company, but I don’t see myself being an entrepreneur.

Comments

  1. UnknownDecember 3, 2018 at 4:55 PM

    Hi Kristen,
    I think that you are very right that your business will become very valuable if marijuana were to become legal in Florida in some short time. However, with the given law I think that it is smartest for you to focus on your career with journalism and using your money from your business to get your life started well out of college. I also think that it would be interesting if you happened to come across a story as a journalist in the future where you focus on a company that was similar to your situation because I feel like your experiences would help write a very good story.

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  2. UnknownDecember 3, 2018 at 6:01 PM

    Hi Kristen, I think it will be beneficial for you to wait until marijuana becomes legal in more states so you can have more demand to sell your business. Especially, if marijuana becomes legal in Florida since you are already in Florida I think it will help you. I think this will be a great way for you to stack your funds for the duration the business is open until you decide to end it. All in all, I think you have great idea and it has great potential.

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